Sibanye-Stillwater, the world's largest platinum miner, will lay off up to 5,270 people at the former Lonmin asset, with the restructuring announcement coming in the middle of wage talks.

Sibanye said it is closing the East 1, West 1 and Hossy shafts as well as halting opencast mining, stopping two concentrators and removing duplicated jobs in the merged companies. The cuts will come as the moratorium on retrenchments expires in December.

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