Sibanye-Stillwater considers potential restructuring of its Kloof 4 gold shaft due to 'ongoing losses'

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Sibanye-Stillwater considers potential restructuring of its Kloof 4 gold shaft due to 'ongoing losses'
France Dernières Nouvelles,France Actualités
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- Mining and metals processing group Sibanye-Stillwater today announced the initiation of S189 consultations regarding the possible restructuring of its SA gold operations due to ongoing losses over an extended period and operational constraints at the Kloof 4 shaft.

This has been compounded by the recent incident at Kloof 4 shaft, which caused significant damage to the shaft infrastructure. The possible restructuring of the Kloof 4 shaft could potentially affect 2,389 employees and 581 contractor employees at Kloof 4 shaft, it added. "We will engage with all relevant stakeholders in an effort to avoid job losses while attempting to limit the impact on the remainder of the operations and employees at the SA gold operations,' said Richard Cox, Executive VP and Head of the SA gold operations.

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