Sibanye Stillwater, a South African mining company, announced a $2.5B impairment due to platinum-group metals' declining prices and operational issues.
Sibanye Stillwater, a South African mining company, announced a $2.5B impairment due to declining prices of platinum-group metals and operational issues, adding to the struggles faced by the country's mining industry. The company expects a loss per share for 2023 compared to a profit in 2022 and plans to focus on ensuring sustainability during this period of low commodity prices.
February 21, 2024
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