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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (59859)10/17/2000 9:21:25 AM
From: lorne  Respond to of 116764
 
Ashanti reduces workforce to save money

Story Filed: Monday, October 16, 2000 1:58 PM EST

OCT 16, 2000, M2 Communications - The Ghanaian gold miner Ashanti Goldfields Co Ltd has fired 80 staff members at its headquarters in the capital Accra in an attempt to reduce costs.

In addition approximately 1,000 workers at the company's Obuasi mine in Ghana's Ashanti region will lose their jobs, bringing the workforce at the mine down to 6,000 against 10,000 only two years ago.

(National Post, 07 Oct 2000; Reuters, 06 Oct 2000.) African Mining Monitor includes paraphrased and abstracted material with the source, which is deemed to be reliable and duly identified. AMM is unable to provide full-text copies of these original documents. ((Comments on this story may be sent to info@m2.com))
library.northernlight.com



To: lorne who wrote (59859)10/17/2000 9:23:57 AM
From: Ken Benes  Read Replies (1) | Respond to of 116764
 
If you have tried to give a succinct definition to the word asshole, your description of the CEO of Harmony does a pretty good job of it. One million more ounces at a lower price resulting is less revenue and less earnings. The bankers and the execs at caterpillar love him.

As we speak gold down 1.70. It will go down a lot more with all of these additional ounces of gold hitting the market.

Ken


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