The country’s gold production fell for a ninth straight month in June as rising costs, aging infrastructure and accidents affect profit and output.
Sibanye Gold Mining News
US law firm Bernstein Liebhard said the suit would deal with "misleading statements" made by the precious metals producer, which has had 21 fatalities on its operations so far in 2018.
Additional cuts are to come across mines and towns in South Africa, once the world’s biggest producer of gold.
The Association of Mineworkers and Construction Union (AMCU) said the company failed to take precautions two avoid injuries at its mines earlier this week.
According to the miner, five other rescued employees remain in a stable condition and are making good progress.
The deaths brings the number of people killed at the company's operations this year to at least 10.
Two more quakes were felt Friday near the company's Masakhane gold mine, which cause search and rescue operations to be momentarily halted.
Contact has been made with three of the workers trapped at the company's Masakhane gold mine.
The parties said they believed an out-of-court settlement was far preferable for all concerned than an inevitably lengthy and expensive litigation process .
Most claimants are black miners from South Africa and neighbouring countries such as Lesotho, whom critics say were not provided with adequate protection during and even after the Apartheid ended in 1994.
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 strengthening rand, which squeezes profits for both producers, could make the transaction less attractive for Sibanye.
Investors might be running out of patience with Sibanye Gold Ltd.’s colorful chief executive, Neal Froneman.
A worker died on Monday night while clearing a blocked ore pass at the company’s Driefontein gold operation in South Africa.
South African competition authorities have approved the exchange of selected Sibanye-Stillwater's assets for a 38% stake in DRDGOLD Ltd.
Two employees were trapped underground and later died in a fall of ground incident at the company's Kloof gold mine.
The National Union of Metalworkers of South Africa (Numsa) is demanding that Beatrix gold mine remains closed pending a probe and has asked the South African government to investigate why the operation apparently didn’t have a backup generator.
Originally there were more than 1,000 miners stuck underground, but sixty-four were rescued overnight.
Lawyers acting for thousands of gold miners who contracted lung diseases at work in SA mines say an out-of-court settlement could be reached by December.
The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.
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%.