Sibanye’s 2018 gold production expected to be marginally below guidance 

Sibanye-Stillwater's Beatrix mine, no. 2 shaft, Free State. Picture: Facebook

Sibanye-Stillwater's Beatrix mine, no. 2 shaft, Free State. Picture: Facebook

Strike plans at Sibanye-Stillwater have been implemented to mitigate losses incurred during the Amcu strike.

Gold producer Sibanye-Stillwater said on Thursday 2018 gold production at its South Africa operations was expected to be just marginallly below guidance, due in part to the successful implementation of measures to mitigate the impact of a strike.

Members of the Association of Mineworkers and Construction Union (Amcu) downed tools last November over wages and have clashed with colleagues from rival National Union of Mineworkers (NUM) which, alongside other unions, signed a deal with Sibanye and whose members are at work.

“Strike plans at the SA gold operations have been implemented in order to limit losses during the Amcu strike action,” Sibanye said on Thursday.

“This has been achieved by optimising production through the active deployment of employees reporting for work to specific production areas and minimising overhead costs by shutting down services (ventilation, refrigeration, etc.) to areas which are not operational.”

It said as a result, gold production for 2018 excluding DRDGOLD output was expected to be approximately 34,600kg, marginally below previous guidance of between 35,000kg and 36,000kg for the year.

– African News Agency (ANA)

For more news your way, download The Citizen’s app for iOS and Android.

 

 

 

 

 

today in print