The company told shareholders it would swing to a R265million loss in the first half of 2019, compared with an attributable profit of R77m for the six months ended June 30, 2018.
The Association of Mineworkers and Construction Union (Amcu) led the five-month strike that ended on April 17, 2019. Sibanye-Stillwater said yesterday that the strike had affected the entire six-month production period to June.
Sibanye-Stillwater’s gold operations of Driefontein, Kloof and Beatrix mines ground to a halt on November 21 when at least 15000 Amcu members downed tools to demand higher wages despite the company signing agreements with three other unions.
Amcu is currently demanding a R17500-a-month salary at the company’s platinum operations.