Pay cut decision, page-3

As I read the announcement - it concerns MINING only.
Mill based mining, pellet stream and port -YES to cuts.
MBR mining enterprise agreement contract -NO

I take it two thirds of the cuts in mining have been achieved,especially those affecting the blast furnace cost base and some port costs UNLESS it was an all or nothing vote????

MBR Export Miners probably feel the company generating $5 a ton cash is good enough.
Next month it may be a far different story if the IO price trends back.

The SA treasurer stating publicly the Govt would offer some funding provided the steelworks stayed open.

All more positive than negative.

DYOR +DYODD