South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.
In partnership with the Wits Mining Institute (WMI) at the University of the Witwatersrand, the company launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).
South Africa’s top gold producer has secured a 38% stake in DRDGold in exchange for some of its assets, which boosts the mid-tier gold miner’s reserves by 91% to 5.7 million ounces.
Producers in South Africa are closing shafts and cutting jobs as a stronger rand combines with stagnating prices for the metal in squeezing profit margins.
Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa’s mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.
