Platinum Giant Say Lockdown in South Africa Risks Killing Mines
- Sibanye CEO says President Ramaphosa must reopen economy
- Mines must be allowed to run at full capacity, Froneman says
A pedestrian walks along a street as the Impala Platinum Holdings Ltd. shaft 9 mine tower stands beyond in Rustenburg.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
President Cyril Ramaphosa must allow South Africa’s mines to run at full capacity as a national coronavirus lockdown risks crippling the industry, according to Sibanye Stillwater Ltd.
The government last month permitted miners to restart operations with half their normal workers amid concerns the shutdowns could damage the viability of the nation’s deep-level mines. That isn’t sufficient, Sibanye Chief Executive Officer Neal Froneman said in an interview on Tuesday.