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Sibanye-Stillwater commences consultation with stakeholder’s regarding possible restructuring at its gold operations and associated services (84.5k)

18th February 2019 Sibanye-Stillwater advises that it will enter into consultation with relevant stakeholders in terms of Section 189A (Section 189A) of the Labour Relations Act, 66 of 1995 (LRA), regarding the possible restructuring of its gold operations and associated services, pursuant to ongoing financial... 

Sibanye considers restructuring gold operations; says FY loss to narrow to R1bn  

By: Marleny Arnoldi     14th February 2019 JSE- and NYSE-listed Sibanye-Stillwater will consult with stakeholders about the possible restructuring of its gold operations and associated services, as a result of ongoing financial losses. In a trading statement released on Thursday, the miner said it expects to report an attributable loss... 

Platinum odd one out in expected PGMs growth – analyst

By: Cameron Mackay     8th February 2019 Aside from the relative lag in demand and price for platinum, the other platinum group metals (PGMs) – osmium, iridium, ruthenium, rhodium and particularly palladium – are expected to develop a stronger presence in the markets after a strong 2018, says global precious metals mining company... 

Investec lifts Sibanye shareholding to about 5.19%

By: Marleny Arnoldi     6th February 2019 Financial services company Investec has acquired a further interest in the ordinary shares of Sibanye-Stillwater, taking its overall shareholding to about 5.19% of the company’s issued shares. It previously held 4.91% of Sibanye’s shares.  

Amcu says Sibanye-Stillwater makes new attempt to halt strike

By: African News Agency      31st January 2019 Labour union Association of Mineworkers and Construction Union (Amcu) says mining firm Sibanye-Stillwater has filed another application to the labour court for an interdict preventing its members from continuing with a wage strike dating back to November. Sibanye-Stillwater has argued that Amcu... 

Sibanye considering AMCU memorandum 

By: Tasneem Bulbulia     22nd January 2019 Sibanye-Stillwater is considering the memorandum of demands submitted to the Minerals Council South Africa (MCSA) by the Association of Mineworkers and Construction Union (AMCU) on Tuesday. AMCU marched to the MCSA to submit the memorandum, while its members continue to strike at Sibanye’s gold... 

AMCU threatens to extend strike at Sibanye-Stillwater's platinum mine

By: Reuters     22nd January 2019 Association of Mineworkers and Construction Union (AMCU) will extend a one-day strike at Sibanye-Stillwater's platinum mine if the firm does not return to the negotiating table, its president said on Tuesday. Joseph Mathunjwa made the remarks outside South Africa's Mineral Council in... 

AMCU march: Motorists warned to stay out of Joburg CBD

By: News24Wire      22nd January 2019 Motorists have been warned to avoid certain areas of the Johannesburg CBD on Tuesday morning, due to a march by the Association of Mineworkers and Construction Union (AMCU). According to JMPD spokesperson Wayne Minnaar, the march was due to start at 11:00 at the Westgate Transport Hub and move... 

Sibanye adds global experience to safety panel 

By: Marleny Arnoldi     17th January 2019 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has established a Global Safe Production Advisory Panel, after identifying the need for an additional safety initiative in 2018. The panel consists of a group of leading academics and is chaired by Sibanye group safety head Dr Kobus... 

Union membership verification at Sibanye’s gold operations suspended

By: Tasneem Bulbulia     16th January 2019 The Association of Mineworkers and Construction Union (AMCU) on Wednesday suspended the process of verifying union membership at Sibanye-Stillwater’s gold operations, which it says is aimed at rendering the current strike action unprotected. AMCU explained in a statement that it had filed papers... 

Sibanye, Lonmin extend merger longstop date to June

By: Marleny Arnoldi     15th January 2019 Precious metals miner Sibanye-Stillwater and platinum group metals miner Lonmin have agreed to extend the longstop date for the transaction in which Sibanye will acquire all of Lonmin’s issued share capital from February 28 to June 30. This follows after the Association of Mineworkers and... 

Sibanye banks on US mines, high palladium price as South African strike spreads 

By: Marleny Arnoldi     15th January 2019 In response to the Association of Mineworkers and Construction Union’s (AMCU’s) secondary strike action announcement, Sibanye-Stillwater CEO Neal Froneman on Tuesday said the company had been preparing its local platinum operations for this outcome and had contingency plans in place. AMCU on... 

Investec lifts shareholding in Sibanye above 5%

By: Marleny Arnoldi     15th January 2019 Financial services company Investec has acquired a further interest in the ordinary shares of Sibanye-Stillwater, taking its overall shareholding to 5.0393% of the company’s issued shares.  

Sibanye-Stillwater market update draws AMCU’s fury  

By: Simone Liedtke     11th January 2019 The Association of Mineworkers and Construction Union (AMCU) has accused gold miner Sibanye-Stillwater of “bragging about its profits” and of “shocking arrogance” while the union’s members remain on strike at the miner’s South African gold operations. The union said it viewed Sibanye’s market... 

Sibanye reports good PGMs performance, but gold output falls amid strike 

By: Simone Liedtke     10th January 2019 JSE- and NYSE-listed Sibanye-Stillwater on Thursday said its South African platinum group metals (PGMs) operations continue to do well, with the miner expecting its platinum, palladium, gold and rhodium (4E) PGMs production for 2018 to be about 1.17-million ounces. In a statement detailing... 

AMCU reveals 2019 plans amid ongoing strike at Sibanye-Stillwater 

By: Simone Liedtke     9th January 2019 Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa on Wednesday said the union would continue its protected strike at Sibanye-Stillwater’s gold operations until its demands for a R1 000 increment for the next three-year period are met. He assured members and media... 

AMCU strike continues at Sibanye as union verification process is adjourned 

By: African News Agency      8th January 2019 Sibanye-Stillwater said on Monday that the mediator of the ongoing strike at its gold operations in South Africa would approach the Labour Court to seek guidance about the verification of union membership after it (Sibanye) did not agree with the striking union about terms of reference for the... 

AMCU strike at Sibanye-Stillwater legal - court

By: Reuters     21st December 2018 A court has found that a strike by a union representing just under half of all workers at Sibanye-Stillwater's South African gold operations is legal, despite the company declaring otherwise last week. South Africa's Association of Mineworkers and Construction Union (AMCU) said on Friday that... 

Sibanye secures minimum 20% stake in Argentina copper/gold project 

By: Marleny Arnoldi     26th October 2018 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater on Friday announced the conclusion of a transaction with Regulus Resources and the newly formed Argentinian subsidiary of Regulus, Aldebaran Resources, which was established to unlock value at its Altar copper/gold project, in San Juan... 

Bid to have Lonmin’s mining licence suspended heads to court

By: News24Wire      25th October 2018 The Mining Forum of SA heads to the North West High Court, Mahikeng, this week to have Lonmin's mining licence suspended. The forum says Lonmin has not met the commitments of its Social and Labour Plan (SLP), according to a GroundUp report. It also wants the mining rights of Lonmin-controlled... 

Lonmin undertakes refinancing, delivers on results promise 

By: Simone Liedtke     22nd October 2018 Platinum miner Lonmin has entered into a $200-million metal purchase agreement with Pangaea Investments Management (PIM), an associate company of Jiangxi Copper Company (JCC), which will provide the miner with improved liquidity and remove certain restrictive current lender conditions. Of the... 

Sibanye, Lonmin merger hearing postponed to November 

By: Creamer Media Reporter      17th October 2018 The Competition Tribunal's hearing into the proposed merger between precious metals miner Sibanye-Stillwater and platinum miner Lonmin has been postponed to November, the tribunal reported on Wednesday. The hearing was meant to start on October 18 but has been "postponed in agreement with all... 

Tribunal to consider Sibanye, Lonmin merger at Oct 18 hearing

By: Tasneem Bulbulia     9th October 2018 The Competition Tribunal will hold hearings into the proposed merger between Sibanye-Stillwater and Lonmin on October 18 and 19. Precious metals miner Sibanye in December made an all-share offer to acquire platinum group metals producer Lonmin, with the offer valuing Lonmin at about R5.15-billion. 

Bokamoso Ba Rona Initiative seeks programme manager

By: Tasneem Bulbulia     1st October 2018 Precious metals miner Sibanye-Stillwater, the West Rand Development Agency, the Gauteng Infrastructure Financing Agency and the Far West Rand Dolomitic Water Association (FWRDWA) have issued a request for qualification (RfQ) for a suitability qualified programme manager for the multistakeholder... 

AMCU, NUM granted certificates of nonresolution in wage talks with Sibanye

By: Marleny Arnoldi     27th September 2018 The Commission for Conciliation, Mediation and Arbitration (CCMA) has granted certificates of nonresolution to the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) regarding gold wage negotiations with Sibanye-Stillwater. The wage negotiations... 

Sibanye announces early tender results for bond notes buyback

By: Marleny Arnoldi     18th September 2018 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater announced early tender results of its offer to repurchase up to $350-million of the 6.1% notes due in June 2022 and 7.1% notes due in June 2025. The aggregate purchase price relating to the 6.1% notes amounted to $145-million and the... 

Sibanye, Lonmin still committed to merger after competition watchdog decision

By: Reuters     18th September 2018 Precious metals producer Sibanye-Stillwater said on Tuesday it remained fully committed to a takeover of platinum miner Lonmin after South Africa's competition watchdog imposed conditions on the deal. On Monday, the competition watchdog gave the green light to the all-share transaction as it did... 

Resources Watch  

13th September 2018 DRDGold shares leap on higher-grade fillip And, DRDGold expecting rapid gold output from West Rand tailings project 

Resources Watch  

6th September 2018 Global mining showing interest in Master Drilling’s new technology; And, Sibanye expects Lonmin competition finality October 

DRDGold expecting rapid gold output from West Rand tailings project 

By: Martin Creamer     5th September 2018 The high quality of the gold tailing retreatment infrastructure that surface gold mining company DRDGold has acquired on the Far West Rand in partnership with Sibanye-Stillwater is enabling the company to get into production very quickly, DRDGold CEO Niél Pretorius said on Wednesday. Speaking in... 

Sibanye-Stillwater concludes $450m convertible bonds tender process

By: Marleny Arnoldi     5th September 2018 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has announced the conclusion of its invitation to tender convertible bonds for purchase up to the aggregate principal amount of $50-million in aggregate purchase price to holders of its $450-million 1.8% guaranteed unsecured... 

DRDGold shares leap on higher-grade fillip 

By: Martin Creamer     5th September 2018 A 10% increase in gold production provided an important fillip for surface gold mining company DRDGold, which benefitted from high-grade sand material in the 12 months to June 30. The Johannesburg- and New York-listed company, which saw its share price rise by 6.09% in early morning trade,... 

Sibanye launches $400m bond buyback

By: Reuters     4th September 2018 South African precious metals producer Sibanye-Stillwater, which is headed up by CEO Neal Froneman, said on Tuesday that it was launching a tender offer worth up to $400-million to buy back some of its bonds. Sibanye, which plans to buy platinum producer Lonmin in a deal scheduled to close in the... 

Gwede Mantashe tweet is sentiment boost for problem ridden South African mining

By: Martin Creamer     31st August 2018 Shakespeare noted that there is a tide in the affairs of men, which taken in the flood, leads to a fortune. Last week’s great tweet by Mineral Resources Minister Gwede Mantashe urging South Africans to celebrate their wonderful treasure chest of mineral wealth has been taken in the flood and... 

Young company to take on mining machinery rivals; sets sights on local assembly

30th August 2018 Although still a new and fairly small company, Itirele Mokwena Construction has lofty ambitions for the mining machinery business that it has set up to service the South African, and potentially, African markets. 

Sibanye expects Lonmin competition finality October 

By: Martin Creamer     27th August 2018 Precious metals mining company Sibanye-Stillwater expects Competition Commission finality on its proposed acquisition of platinum company Lonmin in October, following the closure of its transaction with surface gold mining company DRDGold, which is expected to make a positive contribution to... 

Nothing comes before safe production – Sibanye-Stillwater 

By: Martin Creamer     23rd August 2018 Precious metals mining company Sibanye-Stillwater on Thursday spent the most part of its half-year presentation of financial results reiterating ongoing commitment to safe production and taking safety to the next level. The Johannesburg- and New York-listed company, which reported 26%-higher... 

Sibanye-Stillwater to swing to H1 profit

By: Marleny Arnoldi     3rd August 2018 Precious metals producer Sibanye-Stillwater’s Southern Africa platinum group metals (PGMs) operations have produced about 569 000 oz of platinum, palladium, rhodium and gold (4E) PGMs at an all-in sustaining cost (AISC) of about R10 110/oz for the six months ended June 30. This means Sibanye is... 

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