EDITORIAL: Crunch time for Sibanye-Stillwater
Mining company's intended job cuts call far more than cost cuts into question
Sibanye-Stillwater stands at a crossroads. The mining giant’s announcement that it plans to cut as many as 3,000 jobs at its SA mines is a stark reminder of the volatility inherent in commodity markets. The move, while painful, is indicative of a broader need for a strategic overhaul to navigate the mining industry’s turbulent waters.
The sector is no stranger to cyclical downturns, and Sibanye has weathered its fair share. Still, the current challenges go beyond mere market fluctuations; they speak to deeper structural issues within the company and the industry at large. For Sibanye, this should not be just about short-term cost cutting but also about reimagining its future in a rapidly changing world...
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