View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 26, 2020

Covid-19: Sibanye put South African operations on hold amid pandemic

Precious metals miner Sibanye-Stillwater has started implementing measures to place its South African gold and PGM operations under temporary care and maintenance in wake of nation-wide lockdown for 21 days in the country.

Precious metals miner Sibanye-Stillwater has started implementing measures to place its South African gold and PGM operations under temporary care and maintenance in wake of nation-wide 21-day lockdown in the country.

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

The lockdown will be effective until 16 April, and applies to any citizen or foreign person currently in South Africa (SA). There is an exception for those deemed to provide an essential service, such as medical personnel.

Sibanye-Stillwater intends to proceed with the safe resumption of operations following the lockdown period.

In South Africa, Sibanye’s gold operations comprise underground mining and surface treatment facilities at Beatrix, Driefontein and Kloof in the Witwatersrand Basin. In 2018, these operations together produced about 1.18 million ounces (Moz) of gold.

In a press statement, Sibanye-Stillwater said: “This suspension of operations will adversely impact on production at the SA mines and shareholders are therefore cautioned that production for 2020 may differ from previous guidance.

“Further detail will be provided once there is greater clarity on the possible production impact.”

Earlier this week, the company also reduced the number of people at its US operations on a temporary basis because of the Covid-19 pandemic, which it said would temporarily affect growth and delay its Montana-based Blitz PGM project.

In January this year, Sibanye-Stillwater reduced the number of jobs at its Marikana mine operations in Rustenburg, following the conclusion of a consultation process. This move comes as the company restructures the troubled Marikana operation.

Related Companies

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology