Sibanye-Stillwater to shut Kwezi platinum shaft costing 1,000 jobs

South African Mine Shaft Faces Restructuring as Losses Persist Despite Improvement

The consultation machinery of South African labour law is now grinding into motion at Sibanye-Stillwater’s Kwezi shaft, where management has formally opened a Section 189A process tied to the operation’s flagging economics. That legal pathway, embedded in the country’s labour legislation, typically comes into play when employers are weighing major operational overhauls or workforce reductions […] The post South African Mine Shaft Faces Restructu…

Sibanye-Stillwater enters into Section 189A consultations regarding the proposed restructuring of Kwezi shaft at its SA PGM operations

Open the article to view the coverage from resource-capital.ch

Sibanye-Stillwater to shut Kwezi platinum shaft costing 1,000 jobs

SIBANYE-Stillwater is to close its Kwezi platinum group metals shaft near Rustenburg which could affect over 1,000 full time employees and contractors. The miner said on Tuesday that while Kwezi shaft produced positive cash flow in its latest financial statement, declining production would see it return to its long-term trends of lossmaking. Discussions with unions and non-unionised employees were underway in terms of Section 189 of South Africa…