No 1 source of global mining news and opinion
that the planned reorganization of its four gold operations in South Africa could potentially impact 4,022 people — 3,107 employees and 915 contractors. a business review at its gold mines in the home country, which revealed the need to address losses at Beatrix 1 shaft and Kloof 4 shaft.
The precious metals producer noted Beatrix 1 has failed to achieve the planned production, while Kloof 4 shaft has been already shut. The company has faced headwinds at its US operations beyond issues related to the price collapse of PGMs, used in catalysts that curb toxic vehicle emissions. Those mines have been affected by
Job losses are also expected at the miner’s Kloof 2 plant, which has had insufficient processing material after the Kloof 4 shaft was closed last year, Sibanye-Stillwater added. “We continue to act prudently to protect the balance sheet and ensure the sustainability of the Group. We are committed to constructively engaging with affected employees and through their representatives to minimize job losses,” chief executive Neal Froneman said in the statement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Glencore makes additional investment in Stillwater Critical MineralsNo 1 source of global mining news and opinion
Read more »
Sibanye may seek $500m via metals prepayment deals to boost cashNo 1 source of global mining news and opinion
Read more »
FBI Questions Woman About Online Activity After Facebook ScreenshotsA woman in Stillwater, Oklahoma, said FBI agents came to her home to question her about her online activity after Facebook gave them screenshots of her posts. The woman, identified as Rolla Abdeljawad, was confronted by the agents about the posts. Following the incident, her lawyer, Hassan Shibly, shared a video clip of the encounter.
Read more »
Tracking the virus behind India's lumpy skin cattle crisisIn May 2022, cattle across India began dying of a mysterious illness. Since then, about 1,00,000 cows have lost their lives to a devastating outbreak of what scientists have identified as lumpy skin disease. The outbreak has severely affected India's agricultural sector, leading to staggering economic losses.
Read more »
BHP and Mitsubishi close $4.1bn sale of Queensland coal mines No 1 source of global mining news and opinion
Read more »
Canada’s mild winter disrupts key ice road to remote Arctic diamond minesNo 1 source of global mining news and opinion
Read more »