Sibanye-Stillwater concludes consultations at its SA gold operations

Johannesburg: Sibanye-Stillwater advises that consultations regarding the proposed restructuring at its SA gold operations and its Southern Africa (SA) region services functions as previously announced on 11 April 2024, have been concluded.

As per the announcement on 11 April 2024, 3,107 employees and 915 contractors were potentially affected by the S189 process.

Constructive consultations were held with affected stakeholders, during which various avoidance measures to mitigate possible retrenchments and minimise job losses at the operations and associated services were considered. The outcome of the consultations was:

• The continuation of mining operations at Beatrix 1 Shaft on condition of there being no net losses on an average trailing three-month basis from 1 June 2024. Should this not be sustained, and subject to certain conditions, the shaft will be closed
• Beatrix 1 shaft currently employs 422 employees and 100 contractors
• 629 employees elected voluntary separation packages (VSP) or early retirement packages
• Natural attrition of 116 employees occurred during the period, while 448 employees accepted transfers
• 111 employees could not be accommodated through the agreed avoidance measures, and have been retrenched with an additional 1,130 contractor employees impacted