Sibanye-Stillwater to cut 2,600 jobs in South Africa
The precious metals producer kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.
Sibanye-Stillwater
Sibanye-Stillwater posts $3.4B write-down
South Africa’s Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has flagged a 47.5 billion rand ($3.4 billion) impairment on last year’s results due to tumbling platinum, palladium and nickel prices. The company…
Sibanye-Stillwater, Heraeus team up to save palladium in an EV-dominated world
Precious metals producer Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has teamed up with metals trader and recycling company Heraeus Precious Metals to explore new uses for platinum group metals (PGM), particularly…
Energy metals snapshot: Eight companies hunting for green technology metals
Green metals are critical to new decarbonization technologies including lithium-ion batteries, electric and hybrid vehicles, while rising demand for nuclear energy projects is spurring the increase in uranium prices. Here…
The biggest global mining news of 2023
The mining world was pulled in all directions in 2023: the collapse of lithium prices, furious M&A activity, a bad year for cobalt and nickel, Chinese critical mineral moves, gold’s…
Plummeting platinum group prices could worsen shortage: report
The price of platinum group metals (PGM) has fallen by 42% this year and could widen a supply deficit if unprofitable mines are sidelined, according to a new report by…
Sibanye-Stillwater cuts about 300 jobs in US to lower costs
Precious metals producer Sibanye-Stillwater (NYSE: SBSW) said on Wednesday it will proceed with expected job cuts at its U.S. platinum-group metals (PGM) operations, as declines in metals prices make it…
Sibanye-Stillwater eyes cuts at US mines on weak palladium prices
Precious metals producer Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) warned on Thursday of further changes at its palladium operations in the United States to adjust to an ongoing decline in the…
Idris Elba film a gold-infused global adventure through culture, history and industry
Actor Idris Elba takes audiences on a global journey about gold in a new documentary from the World Gold Council, Gold: A Story of Beauty, Power, and Transformation. Premiered on…
Sibanye-Stillwater shake-up puts more than 4,000 jobs at risk
Precious metals producer Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) said a planned restructuring could see it shut down four loss-making platinum group metal (PGM) mines in South Africa, resulting in the…
Sibanye-Stillwater gold mine restructuring to put 3,000 jobs at risk
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) will enter talks with labour unions over a possible restructuring at one of its South African gold mines, it said on Thursday….
Upcoming elections in near-bankrupt Argentina could finally unlock the country’s huge mineral projects
Food, energy and now minerals. In a world where competition for raw materials is only increasing, Argentina is blessed with an abundance of natural resources. But the country’s nationalist politics…