South African precious metals miner Sibanye-Stillwater has reduced the number of jobs cuts to 3,450, following the proposed restructuring of its gold mining operations. The number of job cuts being has nearly halved when compared with the February forecast, which put the job cut figure at 5,870 employees and 800 contractors. The proposed restructuring is a consequence of the ongoing financial losses experienced at the firm at the Beatrix 1 and Driefontein 2,6,7,8 shafts last year. The February forecast prompted threats from the Association of Mineworkers and Construction Union (AMCU). Early retirement, natural ... (full story)