An internal memo by Paladin (Africa) Limited is set to retrench  65 Malawian workers at Kayelekera Uranium Mine in Karonga as an effort to reduce operational costs.

In the memo issued to all employees, the company said the affected staff will be retrenched 30 days from Thursday 26 March, which is the issued date. The company has therefore invites all employees to apply for voluntary redundancy, as signed by the mine’s General Manager Theo Keyter. “The company reserves the right to reject certain applications based on the operational requirements of the business.” outlines part of the memo.

Recently, Paladin Africa offloaded 65% interest to Lotus Resources Limited and the remaining 20% stake to Lily Resources Pty Limited, which was aimed at reducing the company’s cash expenditure by approximately $5 million (about K3.7 billion) per year.