Sibanye-Stillwater demobilises contractors at U.S. project

Sibanye-Stillwater (JSE:SSW) said today it is reducing activity at its Blitz project due to the COVID-19 threat.

The company said contractors involved in “growth capital activities” are being demobilised.

Workers are also required to work remotely if not required on site.

Sibanye also received a forece majeure notice from one of its equipment suppliers.

“The Blitz project accounts for the majority of contract workers at the US PGM operations and these
decisions are likely to temporarily impact growth from Blitz in 2020 and delay the project’s
development schedule. In addition, we have received a force majeure notice from the manufacturer
of the mills to be used in the expansion of the concentrator. Further detail will be provided once we
have concluded a full impact assessment,” said the company in a statement.

Sibanye said operations may escape total closure since PGM operations are a “critical infrastructure industry” as defined by the Cybersecurity and Infrastructure Agency, with PGMs essential components of many chemical, medical and biochemical

Blitz is a platinum-palladium project in Montana, U.S.

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