Lonmin says likely to cut 6,000 jobs in South Africa

By AFP

South Africa South African miners are pictured on a march near Lonmin's platinum mine in Marikana in January 2014 during a series of strikes by workers. By Alexander Joe AFPFile

JUL 24, 2015 LISTEN

South African miners are pictured on a march near Lonmin's platinum mine in Marikana in January 2014 during a series of strikes by workers. By Alexander Joe (AFP/File)

Johannesburg (AFP) - Lonmin, the world's third largest platinum producer, is set to cut 6,000 jobs in South Africa due to falling prices and high production costs, the company said in a statement Friday.

"A total of 6,000 employees including contractors are likely to be affected by (shaft) closures," Lonmin said. "It is our intention to achieve this outcome in partnership with our employees, unions and other relevant stakeholders."