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Buffalo flags layoffs at Magdalena coal mine in South Africa

Buffalo Coal Corp. is initiating a restructuring process at its Magdalena coal operations in South Africa after mining contractor, STA Coal Mining Co. Pty. Ltd., said it does not want to renew its contract mining services agreement which was entered in October 2015.

The company said Sept. 3 that given its current financial position, it may have to retrench workers and close the mine if no feasible alternatives are found.

A consultation process has begun in South Africa with organized labor and relevant stakeholders.