Glencore's slash of South African coal production threatens 1000 jobs

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Glencore has indicated that production at its Optimum Coal Mines unit could reduce by at least 5 Mtpa, although it could be put back into production if the coal price improves. The company's underground coal mining operations in the country, however, should remain unaffected. "Glencore continues to review all coal operations in the prevailing economic climate," the company said.

The loss of jobs and production would negatively contribute to South Africa's challenges against unemployment, poverty and economic concerns. "The coal mining sector is under stress and one has to see how the industry works through the challenges," said Roger Baxter, a senior executive at the South African Chamber of Mines.

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