Minergy indefinitely suspends operations at Masama
Friday, March 10, 2023 | 260 Views |
![Sad sunset: Masama’s operations were suspended on Tuesday and will only resume when demand and pricing improve PIC: MINERGYCOAL.COM](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/03/10/67132.jpg&w=800&q=72&f=jpg&t=1)
Sad sunset: Masama’s operations were suspended on Tuesday and will only resume when demand and pricing improve PIC: MINERGYCOAL.COM
The decision announced on Tuesday evening came as the more than 300 workers employed by mining contractor, Jarcon Opencast Mining Botswana, downed tools at the mine ahead of a retrenchment planned to take effect on March 31.
"As with many businesses, when structural changes occur in a market and external demand factors influence price, operational adjustments need to be made to bring operating costs in line," Minergy CEO, Morne du Plessis said.
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