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Hochschild Mining cuts executive pay

London - Hochschild Mining said chairperson Eduardo Hochschild would become non-executive chairperson from January 1, and that it was further slashing executive pay as part of ongoing cost cuts to steady itself against falling silver and gold prices.

The company said it would pay non-executive directors 30% less, and that Deputy chairperson Roberto Danino had waived the fee payable to him as special adviser to the company.

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Rand - Dollar
18.90
+0.2%
Rand - Pound
23.86
+0.2%
Rand - Euro
20.36
+0.3%
Rand - Aus dollar
12.31
+0.3%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
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+1.8%
Top 40
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0.0%
All Share
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Resource 10
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Industrial 25
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0.0%
Financial 15
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0.0%
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