LABOUR
Shortly after adding the Cooke 4 operation to its portfolio, JSE- and NYSE-listed Sibanye Gold is set to restructure the newly acquired operation that has made more financial losses than expected and failed to meet productivity targets. While Sibanye could not be drawn to put a number to the losses, spokesperson James Wellsted said a Section 189, announced officially on Friday, was aimed at finding positive mitigating solutions to the operations challenges and returning the mine to profitability.
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