Another death at a Sibanye-Stillwater mine has seen the company’s share price plummet 10% on Tuesday and evoked strong reactions from Parliament and trade unions. Parliament’s mineral resources committee chairman, Sahlulele Luzipo, said it was “high time the company is placed under curatorship”. He went further and suggested that the miner’s operating licence should be withdrawn. Trade unions demanded amendment of legislation to allow for personal liability by executives for safety failures. The fatality at the Khomanani mine on Tuesday morning brought the death toll on company premises to 21 since February. This represented almost half of the 45 fatalities in the industry over this period. But while expressing concern on the fatality rates, the unions pushed back at suspending the operating licence, saying many families relied on the mines for survival. Association of Mineworkers and Construction Union (Amcu) president Joseph Mathunjwa said he was unclear how curatorship would work...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.