This could affect 5,270 jobs. In a statement, Sibanye-Stillwater said this was "pursuant to ongoing financial losses experienced at these operations with certain shafts having reached the end of their economic reserve lives".

"The restructuring will result in the rationalisation of overheads and the realisation of other synergies and efficiencies required to restore profitability and ensure the sustainability of the remaining shafts at the Marikana operations," it added.

ANA