Sibanye Stillwater expects a loss due to platinum-group metals price slump and operational issues, leading to $2.5B impairments in South Africa's mining industry.
Sibanye Stillwater Ltd. expects a loss for last year due to slumping platinum-group metals prices and operational issues, resulting in $2.5B impairments. This adds to South Africa's struggling mining industry, following Anglo American Platinum's potential job cuts. Sibanye is addressing loss-making production at unprofitable operations to maintain business sustainability amid low commodity prices.
February 21, 2024
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