Strike forces Sibanye gold output to lowest in seven years

Business

Strike forces Sibanye gold output to lowest in seven years

After waiting out the fruitless Amcu action it took until August for three mines to return to normalised production

Allan Seccombe

Sibanye-Stillwater, once SA’s largest domestic gold producer, will produce half the gold it did a year after it was formed because of a fruitless five-month wage strike.

Sibanye noted that its first-half gold production fell to 262,904oz because of a five-month wage strike called by the Association of Mineworkers and Construction Union (Amcu) towards the end of November 2018.

Under the steely gaze and firm hand of CEO Neal Froneman, Sibanye sat out the Amcu strike, leaving the union’s 14,000 members with virtually nothing to show for five months without pay...

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