Stillwater Mine Closing 2025 Closure. Mine Closure and PostMining Transition Intergovernmental Forum Despite the challenges, Froneman described the Montana mine as a "strategic asset" in March, stating that "it was not due for closure at this stage". Sibanye-Stillwater is one of the world's leading international precious metals mining company, with a diverse asset portfolio
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Sibanye Stillwater, the South African company that operates the nation's only major palladium mine in south-central Montana, said Thursday that it plans to lay off about 40% of its Montana workforce as it scales back its operation in an effort to offset losses caused by low metal prices The announcement has raised concerns among its employees and the local community.
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Sibanye-Stillwater has reported its operating and financial results for the six months and year ended 31 December 2024. Citing the continuing plunge in the palladium market, Sibanye Stillwater announced Thursday in a letter to employees that it will undergo restructuring and layoffs at its Montana operations the Columbus warehouse and the Nye mine in Stillwater County, and the East.
Stillwater Mine Closing 2024 Season Marja Shandie. In 2017, the South African mining company acquired the Montana site through the $2.2bn purchase of Stillwater Mining and had already reduced some positions at the mine to reduce expenses Sibanye-Stillwater encourages its stakeholders to participate in the CMSI's first.
Sibanye scraps planned closure of lossmaking South African mines. The company says more cost-cutting is required at its American mining assets, after previously writing down their value by about $2.4 billion. The restructuring is likely to result in platinum and palladium production from the Stillwater assets in the US being reduced by approximately 200,000 ounces from 2025