$SBGL : Shrewd Moves from Froneman

Sibanye-Stillwater to mothball, close four gold shafts, but limits job cuts to 3,450…

Shafts that didn’t escape the cull were Beatrix 1 shaft in the Free State, which will be placed on care and maintenance, and plant facilities at Beatrix 2 which will be closed. The Driefontein shafts 6 and 7 will also be closed, while Driefontein 2 shaft will be placed on care and maintenance. [LINK]

See Fahy Capital Management’s Notes and Recommendations for Driefontein and Beatrix from 22 June 2018 for more details: If We Had an Audience with Froneman, This is What We Would Say

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