Sibanye warns of lower activity from Blitz mine
To further proactively manage the Covid-19 threat at NYSE- and JSE-listed Sibanye-Stillwater’s platinum group metal (PGM) operations in the US, the company has decided to reduce the number of people working at some of its sites.
The company will take specific actions including demobilising contractors involved in growth capital activities, facilitating remote work for personnel that are not required on site, prohibiting face-to-face contact with external parties and restricting site access to employees.
“Sibanye’s Blitz project accounts for the majority of contract workers at the US PGM operations and these decisions are likely to temporarily impact on growth from Blitz in 2020 and delay the project’s development schedule.
“In addition, we have received a force majeure notice from the manufacturer of the mills to be used in the expansion of the concentrator. Further detail will be provided once we have concluded a full impact assessment,” the company stated in a release on Monday.
Sibanye is also working to ensure that these short-term disruptions do not impact longer-term business plans, while ensuring it is well-positioned to safely and efficiently ramp up operations in a timely manner once the worst of the global Covid-19 pandemic passes.
“As the only primary PGMs producer in the US, we will endeavour to maintain current production from our Stillwater and East Boulder mines, while maintaining throughput through our Columbus Metallurgical Complex, to provide PGMs to the critical sectors that use them.
“Aside from the Blitz project activities, our other operations are largely unaffected by the aforementioned decisions,” the company said.
Sibanye owns and operates PGM mines in the US and South Africa and gold mining operations in South Africa.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation