Loading ...South Africa’s Sibanye-Stillwater said on Tuesday it was considering measures, including restructuring if alternative solutions could not be found to bring loss-making gold shafts back to profitability. Gold producers in Africa’s most industrialised economy, which have some of the world’s deepest mines, have seen profits squeezed by rising costs, labour unrest and declining grades.
Sibanye said it was in regular talks with key stakeholders, including the unions, through forums where it highlighted the challenges facing its bullion operations to solicit cooperation to address these challenges.
South Africa’s Sibanye-Stillwater may restructure loss-making gold shafts