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Mining Group Sibanye-Stillwater [ has completed the restructuring of its Marikana operations, in a process that saw 1 142 workers lose their jobs.
Sibanye Stillwater said approximately 5 270 jobs were expected to be lost due to the restructuring.
Mining is a sunrise industry? Not so fast, says AMCU president Joseph Mathunjwa.
The struggling gold sector would be forced to close more mine shafts if labour unions’ wage demands were implemented, according to the top producer of the precious metal.
Sibanye-Stillwater expects the gold production from its mines in South Africa to be 6% lower due to the recent spate of underground fatalities that have halted operations.
Three workers have been killed underground at a mine owned by Sibanye-Stillwater and two others are still missing
Sibanye-Stillwater, which is in the process of buying out Lonmin, has vowed to do things differently when it finally takes over the company, but won’t take responsibility for the Marikana massacre.
Investors might be running out of patience with Sibanye Gold’s colourful chief executive, Neal Froneman.
Sibanye-Stillwater preserved employment for 3 282 people and secured over 60 000 jobs in SA through its restructuring, its CEO has said.
If the mining industry sticks to its conventional extraction methods the industry could die out almost completely by 2033, warns the Chamber of Mines.
The group's Chief Executive Officer Neal Froneman says the move would be driven by commercial considerations.
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.
Association of Mineworkers and Construction Union Joseph Mathunjwa says the union never accepted Sibanye-Stillwater's "slave wage" deal and the strike at the mine will continue.
We are working tirelessly towards improving our safe production results and to achieving zero harm for as long as possible, writes Neal Froneman.
"In my entire 40-year career in mining, I have never experienced anything like this. I am deeply saddened and traumatised to have lost so many Sibanye-Stillwater family members in this way," Sibanye-Stillwater CEO Neal Froneman has said.
Sibanye-Stillwater CEO Neal Froneman says the current year has seen a "regression in safety performance" but dismissed reports that the mining industry is doing nothing to prevent seismic incidents.
Sibanye-Stillwater is not ruling out future acquisitions beyond SA, its CEO Neal Froneman has told Fin24, adding that new Mining Minister Gwede Mantashe brings a "huge amount of confidence" to the sector.
Sibanye-Stillwater, which last year announced plans to acquire Lonmin, has bigger plans to compete internationally, and is considering listing on other stock exchanges in future, according to CEO Neal Froneman.
Neal Froneman, who earned the nickname ‘Mr Fix-It’ for his turnaround successes in the 1990s now needs to show he can run Sibaye's new mines profitably and reduce debt.
An independent analyst sees merit in Sibanye's proposed $2.7bn acquisition of US miner Stillwater. Existing and potential investors would do well to listen to this podcast.
Western CapeWest Coast PersonnelR20 000.00 - R25 000.00 Per Month
Western CapeMass Staffing ProjectsR40 000.00 - R55 000.00 Per Month
Western CapeCelsa Properties
R 3 395 000
R 3 900 000
R 4 495 000
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