JSE- and NYSE-listed Sibanye Gold has embarked on a Section 189A consultation process with organised labour and relevant stakeholders as its Cooke 4 operation continues to fall short of production targets and amid mounting financial losses. The gold miner, which bought the Cooke underground and surface assets in 2014, said on Monday that, despite collaborative efforts over the last 17 months, the company had not been able to pull the operation out of the red and back to sustainability.
