[miningmx.com] – SIBANYE Gold is to trim annual costs a further R305m mostly from job cuts, reducing overtime, and lowering power usage, said Bloomberg News citing a company presentation.
It would tackle the “inappropriate organisational structures’ and “low operational effectiveness’ that it inherited from Gold Fields, Sibanye Gold said.
The savings are in addition to R499m of cost reductions already in its 2013 plans, Bloomberg News said.
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