South Africa’s Samancor Chrome revealed it’s considering cutting over 3,000 jobs in South Africa amid persistent macroeconomic struggles.
The miner produces in excess of 1mn mt of ferrochrome per annum, according to the company’s website, but challenges that include unstable chrome ore prices and expensive electricity supply are impacting its production that is likely to see a 29pc output deficit.
Consequently, it is considering laying off nearly 2,500 miners at its Eastern and Western projects along with another 600 jobs at smelters, according to multiple media reports.
According to Samancor’s website, it is the world’s second-largest ferrochrome producer. The company has five fully integrated chrome alloy plants with total annual production of more than 1.2mn mt of alloy a year, including charge chrome and ferrosilicon chrome. It has an annual capacity to produce around 1.2mn mt of ferrochrome and chromite ore.