Sibanye weighs cuts at ageing platinum shaft, over 1,000 jobs at risk
08/09/2026 08:41
Sibanye weighs cuts at ageing platinum shaft, over 1,000 jobs at risk Sept 8 (Reuters) - Sibanye Stillwater SSWJ.J said on Tuesday it plans to restructure the Kwezi shaft at its South African platinum group metal (PGM) operations to stem losses, a move that could impact 1,114 jobs.
The diversified miner said the Kwezi shaft is approaching the end of its life and is forecast to make a loss during the second half of 2026 due to declining production.
(Reporting by Nelson Banya. Editing by Mark Potter)
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