[miningmx.com] – THE South African gold industry was only just beginning to suffer the effects of the lower gold price with more job losses and production cut backs still to be announced, said Business Report citing Nick Holland, CEO of Gold Fields.
“It doesn’t end there either, because existing operations are also being cut back. I think every week now you’re reading about a mine that has cut back jobs, rationalised its operations, or shrunk it. And you’re going to see more. We’re not at the end of it. I think we’re at the end of the beginning,’ he was quoted as having said.
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