Streaming deal involves production from Sibanye's Stillwater and East Boulder mines, located in Montana.
Sibanye-Stillwater Mining News
Sibanye Canada and Regulus’ newly formed Argentinean subsidiary Aldebaran Resources will create a strategic partnership to unlock value at the copper-gold project, located in the San Juan province.
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.
Sibanye has experienced an increase in safety incidents at its Southern Africa operations, with 20 employees losing their lives since February 2018.
Gwede Mantashe said that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater’s mining sites.
Sibanye-Stillwater has recovered the body of the fifth and final missing mine worker after a three-day search.
Search for the fifth miner continues.
The Company was awarded the ‘Global Resources and Commodities M&A Deal of the Year' under the large-cap segment at the 10th Annual M&A Atlas Awards gala.
Sibanye has faced strong criticism from unions, local media and the government after the earthquake at its Driefontein gold mine that killed the miners.
The Association of Mineworkers and Construction Union (AMCU) said the company failed to take precautions two avoid injuries at its mines earlier this week.
The glacier inventory is now the most authoritative document indicating where the no-go zones are for mining.
Key to closing the deal is Lonmin maintaining its net cash position and achieving certain production targets.
By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye’s were down 4.9% in Johannesburg, even though the companies announced they had received the approval of the South African Reserve Bank (SARB).
The proposed deal with Sibanye is conditional upon Lonmin retaining a positive cash balance by the time it is to close in the second half of the year.
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.
Sibanye-Stillwater said five of 13 miners trapped underground in a South African gold mine were rescued but one of the five had died.
Sibanye-Stillwater's gold output at its South African mines had been hit by by safety and operational disruptions in the first quarter.
In partnership with the Wits Mining Institute (WMI) at the University of the Witwatersrand, the company launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).
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.