mining

Sibanye-Stillwater reports equipment failure at Siphumelele shaft

Kitco Media
By Michael McCrae
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Kitco News - Sibanye-Stillwater (JSE: SSW) reported today damage to its Siphumelele shaft, SA PGM operations in Rustenburg, has resulted in suspension of production from the shaft.

An ore collector bin attached to the shaft headgear sheared off and fell to ground, damaging a surface ore conveyor belt system. There were no injuries as a result of the incident. 

The Siphumelele shaft was forecast to produce an average of approximately 4,500 4Eoz per month or 54,000 4Eoz for 2024, which accounts for approximately 3.5% of annual production from the SA PGM operations

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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