Wesizwe Platinum has temporarily closed its Bakubung Platinum Mine in South Africa due to safety concerns caused by the ongoing unprotected strike.
"Management would like to reiterate that it is working hard to resolve this matter and safeguard our employees while also ensuring the protection of the mine’s assets and the sustainability of the mine going forward," the miner said in a note to investors.
No further details were provided.
Bakubung had already been having trouble starting up its processing facilities this year, and the strike would only make things worse, according to local media reports.
The mine is projected to produce 420,000 ounces of platinum group metals and gold annually.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished