Reuters reports that Sibanye Stillwater, SA’s biggest mining sector employer, may be forced to close some loss-making shafts.

This was indicated by the producer’s CEO, Neal Froneman, who added that job cuts in platinum mining had become inevitable as prices of the precious metal continued to weaken. “Significant restructuring” was very likely in the platinum sector of the world’s top supplier of the metal as miners tried to remain profitable, Froneman warned. South African platinum group metal miners are battling an electricity crisis that has impacted output and increased costs, amid weak metal prices.

• Read the original of the short report in the above regard by Felix Njini at Moneyweb

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