ARTICLES RELATING TO SIBANYE

SA loses African gold crown to Ghana

2019-06-10 05:00

South Africa, which led global gold production for a century and extracted about half the bullion ever mined, is now Africa’s second-largest gold producer.

Public Investment Corp faces dilemma over backing Lonmin deal

2019-05-23 07:42

The state-owned asset manager faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner.

Court dismisses AMCU's job loss appeal on Sibanye-Lonmin merger

2019-05-17 15:46

Judge Dennis Davis on Friday dismissed an appeal by the Association of Mineworkers and Construction Union (AMCU) who wanted an aproval by the Competition Tribunal for a merger between mining companies Sibanye-Stillwater and Lonmin set aside.

Lonmin CEO still backs Sibanye offer even as profit rebounds

2019-05-10 14:43

While some analysts have questioned the value of Sibanye’s offer, Lonmin Chief Executive Officer Ben Magara continues to recommend it, saying the rebound in earnings isn’t sufficient to resolve the company’s long-term challenges.

SA gold output extends biggest drop in a decade

2019-05-09 13:47

Gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.

JSE weaker as global markets retreat

2019-04-25 18:23

The JSE closed weaker on Thursday on the back of broad-based weakness across most global equity indices.

The JSE just had its best first quarter in 12 years – despite meltdowns in Aspen, Mr Price, and Shoprite

2019-04-01 14:45

The first quarter of 2019 was painful for investors in many companies which make their money from SA consumers, but the bourse in general didn't share their pain – in part thanks to mining shares.

AMCU delays wider mining strike until judgment

2019-02-28 08:05

AMCU issued a notice to at least 15 companies last week about the action that was scheduled to start with the night shift on Thursday.

Lonmin gets strike notice from AMCU

2019-02-21 11:25

Platinum producer Lonmin says it has received a notice for a sympathy strike from the Association of Mineworkers and Construction Union (AMCU) in support of the ongoing stay away at Sibanye-Stillwater.

JSE falls as global stock rout continues

2018-10-11 18:36

Following a tech led sell-off in the USA on Wednesday, Asian markets slumped in Thursday’s trading which saw the Shanghai Composite Index fall 4.8%, while the Hang Seng and Nikkei lost 3.54% and 3.89% respectively.

 

Sibanye is now the world's no. 1 platinum miner

2019-05-30 06:58

With the acquisition of Lonmin, Chief Executive Officer Neal Froneman has completed Sibanye’s transformation to a giant of SA's key platinum sector.

Lonmin plans to cut 4 100 workers as it closes platinum mines

2019-05-21 05:01

Lonmin plans to cut 4 100 workers at mines that have run out of profitable ore and are being closed.

Public Investment Corporation said to be concerned by Sibanye offer

2019-05-17 12:16

The Public Investment Corporation, whose 30% stake in Lonmin is enough to block the miner’s planned takeover by Sibanye Gold, is concerned that the value of the all-share deal has been eroded, according to a person familiar with the matter.

Race for AngloGold assets may pit Sibanye against rival Harmony

2019-05-10 09:58

Sibanye Gold faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti plans to sell.

AMCU's firebrand leader is headed for a showdown with govt

2019-04-29 12:05

One of the most polarizing figures in South African mining, union leader Joseph Mathunjwa has never hesitated to go head-to-head with powerful CEOs. Now he may have to face down the government.

AMCU faces deregistration by labour department

2019-04-24 18:39

The Labour Department has said it intends to deregister one of the country’s biggest mining unions, just weeks before crucial platinum-industry wage talks are expected to begin.

Sibanye freezing new SA capital spend on uncertainty

2019-03-27 14:06

Sibanye Gold, the biggest producer of the metal from South African mines, is not thinking of spending new capital to grow local operations because of an uncertain investment environment.

'Unfathomable' that AMCU wants sympathy strikes - Minerals Council CEO

2019-02-22 12:20

Fifteen mining companies have received notices of secondary strike action from trade union AMCU, the Minerals Council said in a statement on Friday, adding the companies would do 'everything in their power' to avert the sympathy strikes.

We control these mines, defiant AMCU says amid calls for secondary strike

2019-02-19 18:38

The union vowed to meet any attempts to interdict the secondary strike in court.

Sibanye-Lonmin deal gets a boost from competition watchdog

2018-09-18 13:52

The R5bn Sibanye-Stillwater acquisition of Lonmin gets a boost from competition authorities.

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