Tati Nikel's gambit or simplicity of math
Thursday, May 05, 2011
According to the company's 2010 year-end report Tati Nickel produced about 15,000 tons of nickel concentrate in 2010, which was 25 percent below target. One of the main reasons for the remarkable fall in production is a continuing reduction of nickel content in the ore (from 0.25 percent in 2009 to 0.22 percent in 2010). The forecast nickel content will hardly reach 0.19 percent in 2011 resulting in higher capital and operating costs.
As such, Tati Nickel's current wage bill is uneconomical and unsustainable. Before the company launched their retrenchment programme the headcount stood at 1,073 people.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...