Glencore closes its Eland platinum mine in South Africa, cuts over 800 jobs - CNBC Africa

Glencore closes its Eland platinum mine in South Africa, cuts over 800 jobs

Mining

by Reuters 0

Glencore closes its Eland platinum mine in South Africa, cuts over 800 jobs. PHOTO: Reuters

Global miner and commodities trader Glencore said on Wednesday it had closed its Eland platinum mine in South Africa due to sinking prices of the metal.

Spokesman Gugulethu Maqetuka said 818 workers were fired while other 60 others were moved to the firm's other operations.

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