Anjin to fire 25% of staff as prices fall

[miningmx.com] – ANJIN Investments, the Zimbabwe diamond miner in which Zimbabwe Mining Development Corporation has a stake, is to fire a quarter of its 845-strong workforce owing to falling prices, said Bloomberg News.

“The slump in mineral price is the main reason’ for cutting 190 jobs, Anjin Investments director, Munyaradzi Machacha, told the newswire.

“The other issue is we are moving away from alluvial mining’ to more more expensive underground operations, he said.

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