Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Johannesburg, 26 June 2018: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) regrets to report that a colleague has tragically passed away at our Khomanani mine at the Driefontein operation. For reasons still to be determined, he entered a scraper path and was caught by the scraper.
The board and management of Sibanye-Stillwater extend their sincere condolences to the families, friends of our deceased colleague. This is another sad incident and all efforts are being focussed on addressing this perplexing increase in safety incidents.
As per regulatory convention, an investigation into the incident will be carried out by management, together with the DMR and other stakeholders.
We look forward to the support and contribution of all our stakeholders at the second safety summit which has been convened by Sibanye-Stillwater this Friday, 29 June, in order to collectively address these incidents, prevent the loss of lives at our operations and re-establish our safety record.
