Mining

Maria Jose, the administrator of Moatize district where most companies exploring coal are based, said the majority of laid-offs are from the Indian company, ICVL, which bought shares from the Australian company Rio Tinto.

MiningThe administrator regretted that the situation has left families devoid from salaries, particular now that the country’s economy is going through a shock with the inflation now at double digits.

However, Jose said that there are hopes that the companies will re-hire when the prices stabilize and companies resume to full operations.

Mozambican president Filipe Nyusi had been informed when he visited Tete province in the first semester of this year that some of the companies had partially reduced their production, forcing them to restructure. Enditem

Source: Xinhua/News Ghana

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