Sibanye says US operation recovering from cyberattack impact
Multinational mining and metals processing group Sibanye-Stillwater confirmed on July 25 that the Columbus metallurgical complex at its US platinum group metals operations has experienced some short-term operational delays as a result of the cybersecurity attack earlier this month.
As a result, IT outages affected the smelting of underground concentrate and the recycling of spent autocatalysts.
Sibanye said the complex was expected to quickly resume full operations, with accumulated stockpiles to be processed in due course.
The group said that, although the cyberattack had limited impact on Sibanye's core operations, it caused temporary system outages which resulted in the implementation of back-up manual processes on certain systems at the operations.
The group's systems have been largely restored, but the publication of its results for the six months ended June 30 will be delayed to September 12.
"We have prioritised the health and safety of our employees as we have worked diligently to remediate the effects of the attack and normalise our operations. We are pleased to have largely secured the sustainability and integrity of our systems and continue to work closely with our customers and suppliers to mitigate any potential business interruptions that may occur in the short term.
"We wish to thank all our partners and advisers for their commitment and combined efforts, which have contributed to this outcome," CEO Neal Froneman said.
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