Precious metals miner Sibanye-Stillwater on Thursday confirmed that 1 142 employees had been retrenched during a now-concluded Section 189 process at its Marikana operation, which it acquired when it bought out troubled platinum group metals (PGMs) miner Lonmin for R5.2-billion in June last year. JSE- and NYSE-listed Sibanye, which operates gold mines and PGMs operations in South Africa and a platinum and palladium mine in the US, embarked on the S189 process after a three-month review of the Marikana operations, some of which had been loss-making for some time.
