Platinum and gold mining giant, Sibanye- Stillwater in retrenchment talks with over 2,380 workers following continued losses at its Kloof 4 gold shaft
Platinum and gold mining company, Sibanye- Stillwater has begun retrenchment talks with more than 2,380 workers and more than 500 contractors as it looks to reduce continued losses at its Kloof 4 gold shaft. Kloof is a large, shallow to ultradeep-level gold mining and processing operation in the Far West Rand Goldfields of the Witwatersrand Basin. The firm said on Thursday in a statement that it has recorded losses even with the recent high gold prices. Udo Carelse spoke to Investor Relations and Corporate Affairs at Sibanye Still Water, James Wellsted.
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