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Sibanye-Stillwater says miners stage underground sit-in

From miningmx.com

Mining at Sibanye-Stillwater’s Kroondal and K6 platinum group metal (PGM) mines has been disrupted after hundreds of employees staged illegal protest action, the group said on Tuesday. The protest started on June 3 at Kroondal West’s Kwezi shaft involving 211 employees who remained underground after the morning shift. A further 250 night shift employees are assembled on surface at K6 PGM shaft. The protests follow annual payments made to beneficiaries of the Rustenburg and Marikana employee share option schemes (ESOPs) on June 1. The striking Kroondal employees are aggrieved to be excluded from ESOP payments, despite ... (full story)

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  • Category: Fundamental Analysis