Sibanye-Stillwater initiated consultations for a potential restructuring of its Kwezi platinum group metals (PGM) shaft in Rustenburg, South Africa. This restructuring may impact 1,114 jobs. The company started a Section 189A process, engaging with unions and employees about the mine's future. This decision follows years of financial losses at the shaft and the depletion of economically mineable reserves.
The Kwezi shaft is a mature operation approaching the end of its life. Its contribution to Sibanye's South African PGM production falls below 3%. Stakeholder objections and approval delays reportedly hindered plans to extend its operation by accessing additional resources. No final decision has been made. The company is exploring alternatives to mitigate job losses.