In South Africa Sibanye Gold to cut jobs at loss-making Cooke 4 mine

"It is unfortunate that, despite the joint efforts of stakeholders, the Cooke 4 operations have been unable to meet required production and cost targets and has continued to operate at a loss,"

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A sign board is seen near the Sibanye gold mine in Westonaria play A sign board is seen near the Sibanye gold mine in Westonaria, west of Johannesburg, South Africa, April 6, 2016. (REUTERS/Siphiwe Sibeko/File Photo)
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South Africa's Sibanye Gold said on Monday it started talks with unions for job cuts at its Cooke 4 mine as it had failed to stem heavy losses at the operation.

"It is unfortunate that, despite the joint efforts of stakeholders, the Cooke 4 operations have been unable to meet required production and cost targets and has continued to operate at a loss," said the chief executive of Sibanye's Gold operations Wayne Robinson.

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