Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
ASX-listed Cape Lambert on Wednesday announced cost cutting measures to save an estimated A$3.5-million a year, which included letting go of 117 staff members. The company told shareholders that the measures were incorporated following a review of the company’s capital management strategy and projected expenditure, taking note of the recent deteriorating market conditions and the substantial fall in the iron-ore price.
ASX-listed Cape Lambert on Wednesday announced cost cutting measures to save an estimated A$3.5-million a year, which included letting go of 117 staff members. The company told shareholders that the measures were incorporated following a review of the company’s capital management strategy and projected expenditure, taking note of the recent deteriorating market conditions and the substantial fall in the iron-ore price.
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