Glencore bought an 80.1 percent stake in Rosh
Pinah zinc and lead mine, in southwestern Namibia, 800
kilometers south of the capital Windhoek, in 2011 from South
Africa's Exxaro <EXXJ.J> and other shareholders, and has been
reviewing the operation.
“The management of Rosh Pinah Zinc Corporation has announced
changes that aim to address significant economic pressures,"
Glencore said in a statement.
"We sympathise and understand that this may be a difficult time
for some of our employees and their families. As a result, we
have engaged the Chamber of Mines to coordinate the possible
appointment (of the staffers losing their jobs) at other mines
The underground Rosh Pinah mine produced about 114,000 tonnes of
zinc concentrate and 20,550 tonnes of lead concentrate in 2013,
up 20 percent and 17.5 percent respectively compared to 2012,
according to the Chamber of Mines of Namibia.
The Namibian company has 600 permanent employees and about 138
temporary employees and contractors and had a turnover of about
834 million Namibian dollars ($78.1 million) in 2013, according
to the Chamber of Mines.
(Reporting by Silvia Antonioli; editing by Jane Baird)
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