Sibanye-Stillwater Mining News

South African court clears way for Sibanye’s acquisition of Lonmin

The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

Sibanye-Stillwater plans to resume dividend payments in 2020

The company also expects to halve the amount of job cuts previously announced in the gold division to around 3,000.

Platinum firms gear up for tough South Africa wage talks

A rise in producer profits is likely to provoke higher wage demands from labour unions including the militant AMCU.

South Africa's competition court to rule on Sibanye and Lonmin merger

The Association of Mineworkers and Construction Union (AMCU) lodged its appeal in protest against job cuts related to the deal.

Lonmin says delays in Sibanye-Stillwater deal to hurt sales

The London-based company, which operates in South Africa, said total platinum production tumbled 10.3% to 276,020 ounces for the six months ended March 31.

Sibanye-Stillwater in good financial, political position to negotiate wages – report

Despite its fraught relationship with with the Association of Mineworkers and Construction Union, experts say recent developments play in favour of the company.

South Africa's AMCU union says it hasn't broken labour laws

South Africa's labour registrar said in the government gazette this week that he intended to cancel the registration of AMCU.

Africa's Sibanye-Stillwater lowers valuation for miner Lonmin

Sibanye-Stillwater has revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about $77m less than originally proposed.

Five-month strike at Sibanye-Stillwater mines ends with deal

The company, South Africa's largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output because of the labour action.

Sibanye raises more cash with $125m Citi prepayment

This is the second major step by the company this week to build up cash as it faces a drawn-out labor dispute.

South Africa's Sibanye-Stillwater will consider changing primary listing

The precious metals producer is looking into opportunities in gold and the battery metals sectors.

Lonmin warns on cash woes, urges shareholders to back Sibanye takeover

Lonmin Plc has been cutting spending to conserve cash and retain a positive balance sheet required by conditions of South Africa-based Sibanye's offer.

South African court rules extension of wage agreement to AMCU valid and lawful

South Africa's labour court has ruled that the extension of a wage agreement to cover all gold unions and non-unionised employees of Sibanye-Stillwater is valid and lawful.

South African court blocks mine union's plan for industry-wide strike

AMCU has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute.

Zimbabwe to allow foreign platinum miners control of local operations

Foreign platinum and diamond miners have been restricted to only 49 percent ownership of their Zimbabwe operations by the black economic empowerment law.

South African miner Sibanye raises loss estimate by $100 million-plus

"We will further investigate tax planning alternatives to minimise this additional deferred tax," Sibanye's statement said.

South African parliament approves long-delayed carbon tax bill

South Africa intends to play its role as part of the global effort to reduce global greenhouse emissions.

South Africa's AMCU calls on Sibanye platinum workers to join strike

AMCU has been on strike since mid-November over a wage dispute - after losses at some of its mines last year.

Sibanye-Stillwater may cut nearly 6,000 jobs in gold shake-up

Sibanye-Stillwater said it had entered into talks with stakeholders on restructuring its gold operations following financial losses at the Beatrix 1 and Driefontein 2,6,7,8 shafts during 2018.

South Africa's Sibanye-Stillwater may restructure loss-making gold shafts

Gold producers in Africa's most industrialised economy, have seen profits squeezed by rising costs, labour unrest and declining grades.

Sibanye-Stillwater has contingency plans for strike at platinum operations

The new strike would begin on Jan. 22 and involve around 12,500 of its members.

S.Africa's AMCU union to expand Sibanye-Stillwater strike to platinum operations

Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence.

Sibanye-Stillwater expects gold output to miss forecast amid wage strike

The company's gold output in 2018 will be lower than forecast as almost half of the employees stopped working since mid-November in a wage strike.

AMCU strike at Sibanye-Stillwater legal – South African court

AMCU's strike is a protected strike and the AMCU members' constitutional right to strike remains protected.

Lonmin's biggest mining union tries to block Sibanye deal

The all-share deal is likely to lead to more than 10,000 layoffs.