Sibanye ‘will have to’ shutter US mine unless palladium recovers

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Sibanye Stillwater Ltd. will be forced to halt operations at its Montana palladium mine if prices don’t recover soon, according to chief executive Office Neal Froneman.

Froneman said in March that the Montana operation remains a “strategic asset” and that it was “not due for closure at this stage.” He said at the time that the company had no option but to ensure that the mine becomes profitable, even with depressed palladium prices.

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