Sibanye Gold has reached a formal agreement with all representative unions at Beatrix mine. The unions  have committed to ensuring peaceful co-existence and hence a safe working environment.

This allowed management to resume operations at affected sections from the evening shift on Monday 9th Feb.

Lost revenue
Operations at Beatrix mine were suspended for two working days in the interest of the safety of its employees. The North and South sections produce approximately 25 kg of gold per day, implying lost revenue of approximately R11.5 million per day. However, management is confident that this will be recovered during the course of the year.

Neal Froneman, CEO of Sibanye, commented in a statement: “I commend the unions’ leadership on the mature and cooperative approach that they adopted during a period of high emotion, making the safety and interests of their members their primary consideration. It is in the interests of all stakeholders, that the mines are able to operate safely and in a sustainable manner and this is an encouraging example of how cooperation and understanding can result in a mutually beneficial outcome. This mature attitude bodes well for the future of mining in South Africa”.