Glencore to cut 124 jobs at Namibia zinc and lead mine

Glencore (GLCNF, GLNCY) says it is cutting ~20% of the workforce at its Rosh Pinah zinc and lead mine in Namibia to control costs.

The Namibian operations has 600 permanent employees.

Rosh Pinah produced ~114K metric tons of zinc concentrate and ~20.5K metric tons of lead concentrate in 2013, up 20% and 17.5% respectively from 2012.

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