Orion Minerals directors and executives to take paycuts

JOHANNESBURG – Junior mining company Orion Minerals has reported that all directors and executives, including the chief executive,  Errol Smart, had agreed to pay cuts effective Friday due to the  Covid-19 national lockdown.
The JSE and Australian listed company which is developing the Prieska Copper-Zinc mine in the Northern Cape said non-executive directors had agreed to reduce director fees to zero. It said executives had agreed to reduce the cash component of their remuneration or fee packages by 20 percent.
It said Smart’s remuneration package would now include a significant reduction in the cash component of his package.

Source: iol.co.za