The company fired about half of the underground workers at its Mototolo mine following an illegal strike.
Anglo American Platinum Mining News
A rise in producer profits is likely to provoke higher wage demands from labour unions including the militant AMCU.
Zimbabwe may withdraw mining rights from companies that take too long to dig for minerals.
South Africa’s parliament approved a long-delayed carbon tax bill in February as part of plans to reduce harmful emissions in the country.
Firms to be affected include AngloGold Ashanti, Harmony Gold, Anglo American Platinum and Lonmin.
Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.
Helped by an increase in the rand basket price and improved operational performance.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
Lonmin has been the biggest casualty in South Africa's platinum mining industry.
The Polokwane smelter is becoming environmentally friendlier.
Anglo American Platinum kept the dividend tap flowing as it reaps the benefits of a pivot to mechanised mining that has lifted productivity and cut costs.
The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.
Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa’s mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.
The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.
Last year, the miner sold other coal assets that exclusively supplied South Africa’s power utility Eskom, including New Vaal, New Denmark and Kriel collieries.
The company beat expectations on Thursday with a 5% increase in 2017 production.
The three-year wage agreement was signed by all three unions, the company said.
Company said it would keep its Beatrix West gold mine running for as long as it makes a profit, on average, over any continuous period of three months.
Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.
Precious metals miner said its platinum group metals (PGM) operations had delivered "solid operational results" in the first-half of 2017, prompting an upward revision to its 2017 production forecast and a downward revision to guided costs.
Mine is expected to generate about 300,000 ounces annually by late 2021/early 2022, increasing total PGM production from Sibanye’s operations in the US by more than 50%.
A strong price recovery for the main commodities South Africa mines and exports has helped the country’s sector stage a turnaround in 2017, the first time in five years the industry is back in the black.
The miner warned further reductions could be in store at those operations, which employ 31,000 people.
South Africa holds the world's biggest reserves of platinum, chrome and manganese, but investment in the sector has dropped in each of the past two years as a result of increasing legal uncertainty and labour disputes.