A Sibanye-Stillwater Limited American Depositary Shares (Each representing four) SBGL

Metals & Mining Industrial Metals & Minerals

Sibanye Stillwater Ltd is a South Africa-focused mining company. The Group currently owns and operates four underground and surface gold operations in South Africa: the Cooke, Driefontein, and Kloof operations in the West Witwatersrand region, and the Beatrix Operation in the southern Free State province. In addition to mining, the company owns and manages extraction and processing facilities... see more

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D/B/A Sibanye-Stillwater Limited American Depositary Shares (Each representing four) > Sibanye hit with lawsuit following 21 deaths at SA mines

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Post by TrueCanuck1 on Jul 01, 2018 7:15pm

Sibanye hit with lawsuit following 21 deaths at SA mines

A US law firm has filed a class action lawsuit against South Africa’s Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) on behalf of shareholders over losses suffered after a series of deaths at its mines, which has caused a sharp drop of the stock price.

Bernstein Liebhard LLP said in a statement the suit would deal with "misleading statements" made by the precious metals producer, which has had 21 fatalities on its operations so far in 2018, almost half of the total in South Africa's mining industry.

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