Sibanye-Stillwater Halts Operations After Shaft Incident

  • Incident at Kloof 4 Shaft: Sibanye-Stillwater suspends operations due to infrastructure damage caused by an unknown obstruction during a safety trial run of the conveyance system on July 30, 2023.
  • Employee Safety Ensured: All employees below the 39th level were safely brought to the surface with no injuries reported during the incident.
  • Production Impact: Kloof 4 shaft's suspension accounts for about 14% of Sibanye-Stillwater's annual gold production from South African operations. The extent of structural damage may significantly delay the resumption of operations below the 39th level.
Published by
Lethabo Ntsoane

Sibanye-Stillwater has announced the suspension of operations at its Kloof 4 (Ikamva) shaft in South Africa following a recent incident. On Sunday, 30 July 2023, during a standard safety trial run of the conveyance system, an unknown obstruction in the shaft caused infrastructure damage, leading to several ballast plates falling down the shaft. As a precautionary measure, all operations have been halted while investigations are underway.

The incident occurred between shifts, and fortunately, all employees below the 39th level were safely brought to the surface without any injuries reported. Power has been restored to the shaft area, allowing the pumping of water from the shaft bottom to begin.

Efforts are already underway to assess the extent of the infrastructure damage below the 39th level and to plan and execute essential repairs within the shaft barrel. However, the full extent of structural damage to the shaft steelwork is yet to be determined, and there is a possibility that this could cause a significant delay in resuming operations below the 39th level.

Kloof 4 shaft plays a crucial role in Sibanye-Stillwater’s gold operations, contributing an average of about 9,650 ounces (300kg) of gold per month or 115,743 ounces (3,600kg) annually. This accounts for approximately 14% of the annual gold production from the company’s South African operations, excluding DRDGOLD.

Table: Key Information About Kloof 4 Shaft Incident

Date of IncidentSunday, 30 July 2023
LocationKloof 4 (Ikamva) shaft, Sibanye-Stillwater’s SA gold operations
Incident DetailsDuring a safety trial run, infrastructure damage occurred when the conveyance’s counterweight encountered an unknown obstruction, resulting in ballast plates falling down the shaft. Access to levels 39-46 is restricted.
Safety MeasuresAll employees below the 39th level were safely brought to the surface with no reported injuries. Operations have been suspended.
Current StatusInvestigations are ongoing to assess the extent of the damage and plan essential repairs. Resumption of operations may be significantly delayed.
Production ImpactKloof 4 shaft contributes about 9,650 ounces (300kg) of gold per month or 115,743 ounces (3,600kg) annually, approximately 14% of the annual SA gold operations’ output.
Stakeholder InformedDepartment of Mineral Resources and Energy and unions have been notified.

Sibanye-Stillwater, known for its responsible mining practices and commitment to safety, has assured stakeholders that the incident will be thoroughly investigated. The company will prioritize the safety of its employees and the integrity of its operations throughout the process.

The Department of Mineral Resources and Energy, as well as the unions, have been informed about the situation. As the investigations progress, further updates will be provided to all stakeholders.

The incident at Kloof 4 shaft has significant implications for the company’s gold production and operations in South Africa. While the immediate focus is on safety and repair efforts, the impact on the company’s financial performance and the overall gold market in the region will also be closely monitored.

Sibanye-Stillwater is a global player in the mining and metals processing industry, with diverse operations spanning five continents. The company’s commitment to environmental sustainability and community engagement has earned it recognition as one of the industry’s leading responsible miners.

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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo