trending Market Intelligence /marketintelligence/en/news-insights/trending/ThfHWHucYK9LbldHtVL8Jw2 content esgSubNav
In This List

Ops resume at Sibanye's Cooke gold mine following union violence

Blog

Lithium prices hold firm, cobalt prices rally

Blog

Profit margins key to Tsingshan's battery nickel supply plans

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

The Future of Risk Management Digitization in Credit Risk Management


Ops resume at Sibanye's Cooke gold mine following union violence

Sibanye Gold Ltd. confirmed that four of its employees were injured, two of them critically, by unknown assailants during the early hours of Oct. 4 at its Cooke gold mine in Gauteng, South Africa.

The two critically injured employees are being treated at local hospitals.

Normal operations resumed at the mine one day after being suspended following the clashes, Business Day Live reported Oct. 5. The incident was related to an illegal industrial action that started Oct. 3 following a union membership verification dispute between rival unions.

Sibanye CEO Neal Froneman blamed the illegal strike on the Association of Mineworkers and Construction Union. "It is regrettable that [AMCU] has taken this course of action when all employees were fully appraised of the verification process," Froneman said.

The company is investigating the assault on its employees and vowed to take "strong action" against the perpetrators.

Sibanye shares were down by over 6% in afternoon trade in Johannesburg.