Sibanye-Stillwater to shut Kwezi shaft in Rustenburg, over 1,100 jobs at risk
Sibanye-Stillwater has begun Section 189 consultations to close its Kwezi shaft near Rustenburg, putting 781 employees and 333 contractors at risk of losing their jobs.
Sibanye-Stillwater has begun Section 189 consultations to close its Kwezi shaft near Rustenburg, putting 781 employees and 333 contractors at risk of losing their jobs.
Platinum Group Metals Ltd is studying a staged development of the Waterberg JV in Limpopo, with a feasibility study due by November. Implats, which holds just under 15%, says the new thinking is more appealing.
Sibanye-Stillwater declared its first dividend in three years on 1 September 2026, paying R5.7bn after H1 2026 EBITDA rose 111% on the back of a 67% rise in its PGM basket price.
Sibanye-Stillwater's South African PGM division generated R19.2bn of adjusted EBITDA in the first half of 2026, up 302%, as the 4E basket rose 67% to R43,996 an ounce and production held steady.
Sibanye-Stillwater now has about 164MW of contracted renewable capacity operating, part of 835MW of wind and solar deals meant to supply 64% of its South African energy needs by 2028.
Sibanye-Stillwater chief executive Richard Stewart has pivoted the group away from its earlier global diversification strategy back toward its South African PGM operations and a planned doubling of chrome output.
The Zambezi River Authority has raised its 2026 water allocation for Kariba hydropower generation to 36 billion cubic metres, up from 30 billion, as usable storage climbs to 48% from 23% a year earlier.
Sibanye-Stillwater has filed an appeal against the US International Trade Commission's May finding that imports of Russian unwrought palladium did not materially injure the domestic industry.
Gold's steepest monthly fall since 2008 in June 2026 cut nearly 25% off the JSE's precious metals and mining index in the second quarter, with AngloGold Ashanti, Gold Fields and Sibanye-Stillwater all sharply lower.
Swakop Uranium and NamWater have launched a joint venture to build Namibia's second desalination plant, a N$2.1bn facility supplying 20 million m3 a year to the Husab uranium mine and Erongo communities.
Sibanye-Stillwater has outlined R20bn of projects to keep a million ounces a year of underground PGM output going until 2050 and to sustain 1.5Moz a year to 2035, with optional growth to 1.8Moz.
Sibanye-Stillwater warned that the Minerals and Petroleum Resources Development Bill's lack of transitional provisions for past empowerment deals could complicate licensing at its R2.7bn Burnstone gold project.
Mimosa, the Impala Platinum and Sibanye-Stillwater joint venture in Zimbabwe, is reviving a $130m life-extension project after PGM prices recovered from the lows that forced its suspension in 2024.
Rosh Pinah Zinc has commissioned a new water treatment plant at its Namibian mine, adding infrastructure needed to manage water from an expanded underground operation under the RP2.0 project.
Sibanye-Stillwater priced an oversubscribed $500m senior notes offering on 8 May 2026 and used the proceeds to tender for older, higher-coupon Stillwater notes due 2026 and 2029, cutting group debt.
Ghana's Parliament has ratified the mining lease for Atlantic Lithium's Ewoyaa project, a de-risking milestone the company's chief executive called a watershed moment for the country's lithium ambitions.
The US announced a countervailing duty of 109.10% on Russian palladium, on top of a proposed 132.83% anti-dumping duty, after Sibanye-Stillwater and the United Steelworkers alleged dumping had hurt American producers.
Gold touched an all-time high of about $5,589 an ounce on 28 January 2026, and Sibanye-Stillwater shares closed at a record high the same week.
Gold broke through $5,000/oz in January, sending the rand to its strongest level since 2022 and boosting profitability across Harmony, Sibanye-Stillwater, Gold Fields and Pan African.
A Ghanaian parliamentary committee has praised Newmont's Ahafo South mine for its reclamation and water-management practices, noting the mine has paid over $2bn in taxes and royalties since 2006.
Ivanhoe Mines said 2026 copper output at Kamoa-Kakula would fall short of 2024's record, even as dewatering of the flooded Kakula mine passed the halfway mark.
Ivanhoe Mines began the second stage of dewatering at its flooded Kakula copper mine in the DRC, aiming to cut the underground water level by roughly a metre a day.
Ivanhoe Mines raised its Kamoa-Kakula cash-cost forecast by 12% as it began a second stage of dewatering the flood-hit Kakula mine, with submersible pumps arriving on site.