Evraz Highveld Working Hard to Maintain Positive Labour Relationships

Mining Weekly reported that Evraz Highveld is working proactively to resolve labour disputes after a four-week work stoppage in the summer that negatively impacted their financial results.

As quoted in the market report:

The group reported a major decline in full-year production of both steel and vanadium, primarily as a result of the strike, and also announced a 22.4% slump in revenue to R4.4-billion and a massive 2 195% fall in net profit from R45-million in 2011 to a loss of R943-million last year.

To view the whole Mining Weekly report, click here.