Sibanye may wind down gold mines in South Africa’s fading sector
The company is among the few remaining South African gold producers squeezing profits from mines that are among the deepest in the world and are becoming more costly to run.
The updates will incorporate the results of drilling completed in 2017 and 2019, updated metallurgical test work on the upper part of the sulphide unit and a new geologic model.
The more than 2 million directly employed in small-scale mining in Mali, Burkina Faso and Niger have become a source of financing and recruits for Islamist militants in the region.
The Canadian miner reported that drill results have expanded the Salbora deposit to a high-grade footprint of 600 metres long by 10 to 150 metres wide.