GWERU — Platinum producer, Mimosa Mining plans to retrench 100 workers in a bid to optimise its cost base, a company’s executive has said.
Stephen Chadenga OWN CORRESPONDENT
Mimosa Mining Company, executive chairman Winston Chitando said the unpredictable prices of platinum had culminated in the need for multiskilling and tasking of positions at the organisation.
Chitando said the company would be engaging stakeholders on the finer details of the retrenchment programme.
“With the volatility in the prices of platinum group metals and an upward trend in the industry cost base, Mimosa Mining Company has been focusing on optimising its own cost base,” Chitando said.
“One of the initiatives under this process has been the labour optimisation exercise which has been running for the past three years. The exercise, among other things, involves the multiskilling and multitasking of various skills and positions. This has culminated in the need to embark on a voluntary retrenchment exercise for 100 people,” he added.
Chitando said the company will be engaging various local and national stakeholders on the details of this programme.
He said the company remained committed to the growth of mining activities in Zimbabwe — based on sustainable business solutions and beneficial relationships with its stakeholders.
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There have been recent reports which suggested that South Africa-based Impala Platinum instructed that workers be retrenched at Mimosa to cater for salaries at its South Africa mine, including Marikana, a move denied by Implats directors.
Mimosa Mining Company employs 1 670 workers and produces 106 000 ounces of platinum per year.
