Sibanye-Stillwater warns US mine may close if workers oppose plan
SIBANYE-Stillwater CEO Richard Stewart warned on Wednesday his company would have no option but to shut the 284,000 ounce a year Stillwater mine if a strike launched by employees…
Sibanye-Stillwater triples Q3 profits on back of PGMs
THE standout increase in precious metal prices made all the difference to Sibanye-Stillwater which posted a tripling in third quarter earnings (Ebitda). In addition, the…
NUM refers Sibanye-Stillwater gold talks to CCMA
WAGE negotiations at Sibanye-Stillwater’s gold operations have been referred to mediation, said the National Union of Mineworkers which described the miner’s latest offer as…
For Sibanye-Stillwater, 2024 will go down as a year to forget
SIBANYE-Stillwater has had a bad run of fortune. On October 18 it announced that bushfires in Queensland, Australia, had damaged surface infrastructure at its New Century zinc…
Pressure on PGM output this winter as Eskom warns of unprecedented loadshedding
SOUTH Africa could be plunged into stage 8 loadshedding during winter, according BusinessLive citing a presentation by the government-owned power utility Eskom today. “The system…
Copper 360 lists on the JSE promising big returns for its shareholders and neighbouring communities
COPPER 360’s strategy was to build its copper operations in the Northern Cape and mine them itself to take the profit margins on offer because the “numbers are scary in terms of…
Sibanye-Stillwater reaches agreement with AMCU on five-year wage deal for PGMs
SIBANYE-Stillwater has reached agreement with the Association of Mineworkers & Construction Union (AMCU) on a five-year wage agreement for employees at the platinum group metal…
Talks to resolve Transnet strike set to continue on Wednesday following earlier deadlock
A STRIKE by South African ports and freight-rail workers entered a sixth day on Tuesday as talks to end the labor action that is curbing mineral exports remained at an impasse,…
AMCU calls dispute in PGM wage talks with Sibanye-Stillwater after three months of talks
THE Association of Mineworkers & Construction Union (AMCU) has declared a dispute following nearly three months of wage negotiations with Sibanye-Stillwater regarding the firm’s…
Sibanye-Stillwater gold strike drove 30-fold lift in days lost to strike action in SA
A STRIKE by Sibanye-Stillwater’s gold mine employees played a major part in the 1.6 million work days lost so far this year in South Africa as a result of industrial action, said…
Amplats’ Viljoen says PGM price resilience is helping firm outpace inflation
PLATINUM group metal (PGM) prices had withstood a series of recent crises which would assist Anglo American Platinum (Amplats) in preserving its margins, said the group’s CEO,…
Implats signs five year wage agreement in line with 6.5% inflation
IMPALA Platinum (Implats) today signed a new wage agreement with the Association of Mineworkers & Construction Union (AMCU) representing employees at its Rustenburg and Marula…
Implats to sign first ever five-year wage agreement with AMCU for Rustenburg mines
IMPALA Platinum (Implats) said it had agreed a new five year wage agreement with the Association of Mineworkers & Construction Union (AMCU) for employees at the firm’s Rustenburg…
Sibanye-Stillwater’s Froneman warns PGM wage negotiations “will not have quick outcome”
SIBANYE-Stillwater CEO, Neal Froneman said he “didn’t expect” a speedy outcome to wage negotiations with unions at the firm’s platinum group metal (PGM) mines owing to the…
Wage protests threaten to send SA into deep power rationing Eskom warns
WAGE-related protests threaten to send South Africa into intensified loadshedding, said Eskom which reported disruptions to its fleet yesterday. There were protests at nine power…
Strike called off at Sibanye-Stillwater after 6.3% wage lift over three years accepted
A STRIKE at Sibanye-Stillwater’s gold mines has been called off after unions were mandated by employees to end the three-month action. This followed a process of mediation in…
Amplats agrees 6.6% average wage hike for employees in new, five-year deal
ANGLO American Platinum (Amplats) has signed a five-year wage agreement with unions that will increase the total labour cost to company 6.6% on average over the period. It said…
Sibanye-Stillwater calls on CCMA to help resolve gold strike
SIBANYE-Stillwater has asked the Commission for Conciliation, Mediation and Arbitration (CCMA) to intervene in another effort to bring a three month strike at its gold mines to a…
Amplats agrees five year wage deal with AMCU
ANGLO American Platinum (Amplats) has agreed a new five-year wage deal, said Bloomberg News citing the Association of Mineworkers & Construction Union (AMCU). The deal could be…
Sibanye-Stillwater could offer unions “a back door” to end 10-week gold strike, says CEO
SIBANYE-Stillwater would provide unions with “a back door” in order to end the strike at the firm’s gold mines which will have run for 10 weeks on Thursday. “They need to find a…