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Discovery cuts 85 jobs at Botswana copper mine

Discovery cuts 85 jobs at Botswana copper mine

Photo by Bloomberg

14th January 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Discovery Metals Limited (DML) on Tuesday announced the restructuring of its Boseto copper project, in Botswana, which would result in the lay-off of some 15% of the total workforce.

DML told shareholders that the restructuring programme was designed to improve the cost competitiveness of the mine and the further enhance production efficiencies.

The exercise would see the retrenchment of 85 of the 516 employees at the Boseto mine, but was not expected to have a material effect on the production at the operation, DML said.

The restructuring followed extensive discussions with key stakeholders, including employees and government representatives, and followed a restructuring of all DML’s divisions, including its Brisbane and Gabarone offices, which was also instigated to improve the cost competitiveness and cash costs of copper production.

The Boseto mine's production fell by 6.5% quarter-on-quarter during the three months to September to 4 705 t.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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