Lead South Africa

Sibanye adamant it ensured workers’ safety at Beatrix, unions disagree

WELKOM, February 3 – Sibanye-Stillwater remained steadfast on Friday that it upheld its responsibilities by ensuring the safety of all mineworkers that were trapped underground at its Beatrix gold mine in South Africa’s Free State province, despite mounting criticism from workers’ unions about the company’s conduct. Sibanye confirmed that 955 workers were rescued unharmed in […]

Business In The News South Africa

DRDGold finalises R1.3bln deal for Sibanye-Stillwater gold tailings

JOHANNESBURG, January 8 – Mining company DRDGold Limited said on Monday it was finalising the projected figures of a proposed R1.3 billion deal with Sibanye-Stillwater to acquire gold tailings in the West Rand surface mining operations in Gauteng. “Shareholders are advised that the pro forma financial effects of the proposed transaction are still being finalized,” […]

Business In The News South Africa

Sibanye-Stillwater says reaches agreement to buy Lonmin

JOHANNESBURG, December 14 – Mining group Sibanye-Stillwater said on Thursday it had reached an agreement to acquire the entire issued ordinary share capital of platinum producer Lonmin. “The proposed combination with Lonmin positions the enlarged Sibanye-Stillwater Group as a leading mine-to-market producer of PGMs (platinum group metals) in South Africa,” Sibanye-Stillwater CEO Neal Froneman said. “The […]

Business In The News South Africa

Sibanye-Stillwater announces three year wage agreement with unions

JOHANNESBURG, November 9 – Sibanye-Stillwater said on Thursday that it has signed three-year wage agreements with unions at its Kroondal PGM operations in South Africa.     “It was pleasing to note the acceptance of the wage agreement by all the unions namely the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers […]