Loading ...Sibanye may wind down gold mines in South Africa’s fading sector
Sibanye Stillwater may wind down its three South African gold mines in the next decade or so as it becomes harder to exploit aging assets in an industry that was once the world’s largest.
The company is among the few remaining South African gold producers squeezing profits from mines that are among the deepest in the world and are becoming more costly to run. Sibanye, which also mines platinum-group metals in southern Africa and North America, may look at gold assets outside South Africa as it winds down the three sites there.
Sibanye may wind down gold mines in South Africa’s fading sector