Today's Labour News

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Sibanye StillwaterMiningmx reports that Sibanye-Stillwater is to close the 4B shaft at its Marikana platinum operations near Brits affecting 1,496 employees and 54 contractors, some five years after the group initially proposed closing it down in 2019.

According to a Sibanye statement, the 4b shaft has been unable to meet the profitability conditions set as an outcome of the Section 189A process of the local PGM (platinum group metals) operations which was announced in October last year and has “continued to be loss-making” despite all efforts to restore the shaft to profitability. Out of the affected workforce 643 employees have been granted voluntary separation or early retirement packages and 469 have been transferred to other PGM operations. A further 226 jobs had been removed through natural attrition with workers leaving not being replaced and 93 employees were on fixed term contracts which were not renewed. A total of 65 employees have been retrenched and 54 contractors have been terminated. Sibanye also reported that the Siphumele shaft at the group’s Rustenburg operation was on schedule to resume production during May, as planned following damage to surface infrastructure during February when the surface ore conveyor collapsed.

  • Read the full original of the report in the above regard by Brendan Ryan at Miningmx
  • Read too, Sibanye's Siphumelele shaft on track for May restart; Marikana 4B shaft to be shut, at Mining Weekly

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