In partnership with the Wits Mining Institute (WMI) at the University of the Witwatersrand, the company launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).
Sibanye-Stillwater Mining News
South Africa’s top gold producer has secured a 38% stake in DRDGold in exchange for some of its assets, which boosts the mid-tier gold miner’s reserves by 91% to 5.7 million ounces.
The suit was launched around six years ago on behalf of miners suffering from silicosis, contracted by inhaling silica dust in gold mines.
In lieu of the cash dividend, it will undertake a "capitalisation issue" that will see four ordinary shares given to shareholders for every 100 they hold.
South African competition authorities have approved the exchange of selected Sibanye-Stillwater's assets for a 38% stake in DRDGOLD Ltd.
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.
Sibanye said it would cut a third of Lonmin's employees and deliver savings of about $112 million a year by 2021.
The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.
The mining company said gold production rose to 11,576 kg in the three months to September 30 while group operating profit was $216.8 million.