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Mozambique’s coal mines shed 4,000 jobs as coal price drops

By TJ Strydom
Posted on Friday, 19 August 2016 10:12

Vale, which operates an open cast coal mine in the northwestern part of one of the world’s poorest countries, shed 2,348 workers, according to Portasio Aurelio, the head of Tete province’s mineral resources department.

Lower coal prices have forced mining companies to cut costs and the province has lost 3,937 jobs in the past year, Aurelio added.

Unless the coal price recovers, companies will face further losses, he said, adding taxes collected from mining companies have declined in the first half of the year to a fraction of the government’s target.

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