This is an extract from a CHN (mining) announcement this morning:
22 January 2024
Corporate update
Highlights
« In light of current weak market conditions, a further expenditure review has been completed and
2024 expenditures are expected to reduce by ~40% relative to 2023:
« Material reductions in executive salaries, director fees and other corporate costs, plus a
rationalisation of the Company’s management structure, has driven a ~$2.2Mp.a. decrease
in corporate overheads.
This is responsible governance, no?
PAR. SP, page-757
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