Sibanye may retrench up to 330 platinum mine employees

Precious metals miner Sibanye on Thursday said it could possibly retrench 330 employees at its platinum operations and that it was entering into a consultation process with labour unions. The company said the retrenchments remained within the scope of the Competition Tribunal’s ruling when it approved Sibanye’s acquisitions of Aquarius Platinum and the Rustenburg Operations in March 2016.