SBSW Sibanye Stillwater

By Joe Hoppe

Sibanye-Stillwater Ltd. said Friday that its mining and metallurgical operations were largely unaffected by flooding in Montana, though operations at its Stillwater mine will remain suspended for around four to six weeks.

The Johannesburg-listed precious metals miner said that several bridges in the vicinity of its Stillwater mine--which accounts for 60% of its U.S. PGM operations--were damaged in the June 13 flooding, and sections of the primary access road from Nye to the Stillwater mine have been severely eroded. This has restricted access to the mine and will require rerouting of water, tailings and other piping.

Remediation work on the east/west access bridge within the mine complex has begun and should be completed in around four weeks, the company said.

Access to the East Boulder mine and Columbus metallurgical facilities remains intact and both facilities have continued operating.

"We will continue to work with the local authorities and other stakeholders to fast-track the recovery of the region and look forward to resuming operations at the Stillwater section in due course," Chief Executive Neal Froneman said.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

June 24, 2022 09:53 ET (13:53 GMT)

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