As Mining Profits Fade, So Do Luxuries
Kinross Gold workers in Mauritania, in West Africa, are seeing the impact of China’s cooling demand for minerals in an unlikely place: their break rooms. To cut costs, the Toronto-based miner’s African employees are losing their posh Nespresso coffee machines, the ones advertised by George Clooney. That comes on the heels of Rio Tinto cutting back on the number of meat pies for workers at its Australian mines.
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