Sibanye Stillwater on Tuesday reported a $2 billion annual loss and scrapped its final dividend, hurt by a slump in platinum group metal (PGM) prices that is forcing South African mining companies to restructure and cut jobs.

Tuesday, March 5, 2024 - 00:31:43

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Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) flagged on Wednesday a 47.5 billion rand ($2.58 billion) impairment on its upcoming 2023 results due to falling prices for the main metals it mines, including palladium, platinum and nickel.

Wednesday, February 21, 2024 - 01:57:56

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Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) has teamed up with metals trader and recycling company Heraeus Precious Metals to explore new uses for platinum-group metals (PGM), particularly palladium, in the hydrogen market.

Thursday, February 15, 2024 - 17:22:36

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Mining News Pro - Sibanye Stillwater, South Africa’s biggest mining sector employer, may be forced to close some loss-making shafts, its CEO told Reuters, adding job cuts in platinum mining had become inevitable as prices of the precious metals fall.

Thursday, October 5, 2023 - 16:56:49

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Mining News Pro - Sibanye Stillwater, which is among investors bidding to buy Mopani Copper Mines, said the amount of money required to expand output and run the Zambian assets profitably is not “onerous.”

Thursday, October 5, 2023 - 16:54:22

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Mining News Pro - South Africa’s Sibanye Stillwater on Friday said it expects its half-year profit to fall by as much as 53% due to weaker platinum group metal (PGM) prices and lower output from its US operations.

Monday, August 21, 2023 - 18:08:54

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Mining News Pro - South Africa’s output of platinum group metals (PGM) should rebound in 2024 as the country starts to recover from a power crisis that will cut its production by as much as 20% this year, Neal Froneman, CEO of Sibanye Stillwater said.

Thursday, June 15, 2023 - 20:32:16

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Mining News Pro - Sibanye-Stillwater has resumed production at its Stillwater West platinum group metals (PGM) mine in Montana after repairing the shaft infrastructure that was damaged during an incident in March.

Tuesday, April 25, 2023 - 00:03:02

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Mining News Pro - Sibanye-Stillwater has received the environmental permit for its Keliber lithium mining and processing project in Finland.

Monday, February 6, 2023 - 19:31:11

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Mining News Pro - The miner approved a $616.2m investment for the Keliber lithium project, which includes the Kokkola lithium hydroxide refinery.

Wednesday, November 30, 2022 - 10:15:24

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Mining News Pro - The miner owns about 85% of Finnish battery chemical maker Keliber, which in turn owns the namesake lithium project.

Tuesday, November 29, 2022 - 10:13:40

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Mining News Pro - Expansion-minded Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) is interested in Zambia’s Mopani Copper Mines (MCM), as the mine and smelter complex looking for new investors after Glencore sold the asset to the state mining firm ZCCM-IH in January last year.

Wednesday, October 5, 2022 - 22:26:12

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Mining News Pro - South African gold miner Sibanye Stillwater is focused on operational stability and containing costs as market conditions are not conducive for gold mergers and acquisitions, Chief Executive Neal Froneman said on Thursday.

Friday, August 12, 2022 - 13:59:03

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Mining News Pro - Precious metals miner Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) revealed on Thursday it is in talks to take a controlling stake in Finnish lithium firm Keliber, adding that the plan is to have an 80% in the company, which aims to be Europe’s first fully integrated lithium producer.

Friday, July 1, 2022 - 18:39:14

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Mining News Pro - Precious metals miner Sibanye-Stillwater halted production at its two platinum group metals (PGMs) operations in Montana on Monday night after heavy flooding damaged an access road.

Wednesday, June 15, 2022 - 12:48:37

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Mining News Pro - Two South African trade unions have signed a three-year wage agreement with miner Sibanye Stillwater on June 11, one of the unions said on Sunday, removing the last hurdle to restarting operations at its gold mines in the country.

Monday, June 13, 2022 - 15:33:18

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Mining News Pro - Sibanye Stillwater Ltd.’s biggest mining unions agreed to a wage deal that will end nearly 90 days of a workers’ strike at its three gold mines.

Friday, June 3, 2022 - 15:41:37

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Mining News Pro - Sibanye Stillwater Ltd. chief executive officer Neal Froneman plans to resume battery-metals acquisitions within two to three years, once inflated asset valuations come down.

Tuesday, May 10, 2022 - 13:42:02

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Mining News Pro - South Africa’s Association of Mineworkers and Construction Union (Amcu) has resolved to push ahead with intensifying strike action at precious metals miner Sibanye-Stillwater local gold mines.

Wednesday, May 4, 2022 - 15:18:21

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Mining News Pro - Sibanye Stillwater Ltd. halted work at its three gold mines in South Africa from Wednesday evening after workers began a strike over wages.

Thursday, March 10, 2022 - 13:30:01

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South African miner Sibanye-Stillwater reported on Thursday a stronger profit and 20% increase in South African platinum group metals (PGM) production for 2021, buoyed by a surge in commodity prices.

Thursday, March 3, 2022 - 12:38:48

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Mining News Pro - South African labour unions will meet next week to plan a vote over a potential strike at miner Sibanye-Stillwater’s gold operations after the latest bid to resolve a wage dispute failed, a union official told Reuters on Thursday.

Friday, February 18, 2022 - 13:05:17

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Mining News Pro - The biggest mining unions at Sibanye Stillwater Ltd. voted to strike at its gold operations until their wage demands are met, one of the groups said after a collective gathering of members.

Monday, February 14, 2022 - 12:36:20

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Mining News Pro - Anglo American Platinum (Amplats) has agreed to sell its 50% stake in the Kroondal and Marikana platinum group metals mines in South Africa for just 1 rand ($0.0643) to rival Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW), the company said on Monday.

Tuesday, February 1, 2022 - 13:48:15

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Mining News Pro - Sibanye-Stillwater has walked away from a $1 billion deal to acquire the Santa Rita nickel and Serrote copper mines in Brazil, which would have boosted its growing battery metals portfolio.

Tuesday, January 25, 2022 - 13:25:09

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