Sibanye-Stillwater – the owner of the only platinum and palladium mines in the U.S. – has plans to lay off 700 employees at its operations in Montana due to declining prices for palladium, reported the Associated Press. Full story.
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Sibanye-Stillwater has secured an additional 500 million euros (US$557.30 million) debt financing to complete the majority-owned Keliber lithium mine in Finland, reported Reuters. The South African producer said the financing, partly funded by the European Investment Bank (EIB), will help it bring the project to production in 2026. James Wellsted, spokesperson for Sibanye-Stillwater, said the company will continue to advance…
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Precious metals producer Sibanye-Stillwater said that a cyberattack on its IT system has brought down its server and caused limited disruption to its global operations, reported Reuters, noting that Sibanye has hired external experts to help identify the breach and bring the system back up. “Our global IT infrastructure [has been] impacted since [July 8], some things are working some…
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Sibanye-Stillwater has suspended mining operations at its Kloof 4 shaft in South Africa after it suffered infrastructure damage, reported Reuters.
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Sibanye-Stillwater has concluded its first power purchase agreement (PPA) and achieved financial close for an 89-megawatt wind energy project. The clean energy will be generated by the Castle Wind Farm, located near De Aar, South Africa, and will supply the miner’s South African operations via a wheeling agreement with Eskom. Under the terms of the 15-year PPA, the Castle Wind…
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Sibanye-Stillwater said it is now the controlling shareholder of Australian zinc miner New Century Resources with a nearly 71% stake, two weeks after launching an unsolicited takeover bid, reported Reuters. Full story.
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What is believed to be the world’s first autonomous battery-electric loader is now in operation at Sibanye-Stillwater’s Bathopele operation in Rustenburg, South Africa, thanks in part to supplier RCT. The company said that it, working alongside a South African OEM, installed the RCT ControlMaster Automation system to the machine and delivered its Automation Centre into a surface office. The underground…
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Sibanye-Stillwater, which has been advancing a regionalized leadership structure to strengthen its presence in crucial markets, has tapped Charles Carter as chief regional officer for the Americas. Read full article.
Read MoreThe Solidarity union and the South African workers of Sibanye-Stillwater are no longer at odds after the former accepted the miner’s most recent wage offer. According to a Reuters report, the union has now withdrawn any further labour action and has split from a group of unions negotiating together for the first time. Solidarity and three other union groups –…
Read MoreSouth African miner Sibanye-Stillwater has purchased the Santa Rita and Serrote mines in Brazil from Appian Capital Advisory for US$1.0 billion. The deal adds two low-cost, producing assets to the company’s green metals portfolio. “The transaction is a significant additional step in Sibanye-Stillwater’s ongoing strategy to position the business for continued value creation during our transition into a climate change…
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