Glencore Xstrata (GLCNF.PK) fires 1,000 workers across three of its chrome mines in South Africa...

|About: Glencore Plc (GLCNF)|By:, SA News Editor

Glencore Xstrata (GLCNF.PK) fires 1,000 workers across three of its chrome mines in South Africa for going on illegal strike last week, bringing those operations to a halt. The dispute adds to long-running friction in the mining industry that has raised concerns about Africa's largest economy and sent the rand to four-year lows. The country is home to ~75% of the world's chromite reserves.