Mantashe warns strike-hit Sibanye it may lose mining right
The minister hinted at action to stop the mining giant’s gold operations because of the prolonged strike
In extraordinary remarks in parliament on Thursday, mineral resources & energy minister Gwede Mantashe threatened Sibanye-Stillwater with the removal of its mining right because the company — in its 10th week of a bitter and prolonged strike in its gold division — is no longer engaged in gold-mining activities.
Sibanye, the world’s largest producer of platinum group metals, is the largest employer in the mining industry, with over 84,000 employees — most of them in SA. It produced a profit of R33bn in the 2021 financial year on revenue of R172bn, contributing significantly to the tax bonanza enjoyed by the fiscus from the commodities boom...