• JSE:SSW

    R57.71 -6.15%

  • NYSE:SBSW

    US$16.33 -0.06%

  • GOLD:US$/oz

    US$1,772 -4.48%

  • GOLD:ZAR/kg

    R805,002 -1.61%

  • PLATINUM:US$/oz

    US$1,057 -7.93%

  • PALLADIUM:US$/oz

    US$2,675-4.77%

  • RHODIUM:US$/oz

    US$22,000-3.30%

  • ZAR:US$

    R14.13 +2.72%

  • Last updated

    6:59pm on Jun 17, 2021

Sibanye-Stillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal (PGM) operations in the United States and Southern Africa, gold operations and projects in South Africa, and copper, gold and PGM exploration properties in North and South America.

More recently, Sibanye-Stillwater has advanced its global diversification strategy to encompass the battery metal space by investing in a lithium hydroxide project in Finland. With the acquisition of a 30% shareholding in Keliber Oy in February 2021, Sibanye-Stillwater now has a substantial interest in the Keliber lithium project currently in development phase in the Kaustinen region of Finland.

Established in 2013, the Group has grown and diversified into one of the world’s largest primary producers of platinum, palladium and rhodium and is also a top tier gold producer, ranking third globally on a gold-equivalent basis. It also produces other PGMs, such as iridium and ruthenium, and chrome copper and nickel as by-products.

Not only does the Group mine PGMs, it is also the world’s leading global recycler and processor of spent PGM catalytic converter materials. In 2020, 840,000 oz of our total PGM output was recycled at our Columbus metallurgical business in Montana, in the most environmentally friendly manner possible.

ESG Credentials

FTSE4GOOD [logo]
JSE Responsible Investment Index [logo]
CDP A-list [logo]
Bloomberg Gender Equality Index 2021 [logo]
LPPM Responsible Platinum and Palladium Guidance [logo]
ICMM [logo]
UNGC participant [logo]

Refer to the sustainability page for more detail on our ESG credentials.

A Closer Look

  • Our products
    PGMs

    Platinum groups metals is a group of six essential and precious metals highly prized for their purity, high melting points and unique catalytic properties. In addition to their oxidation and reduction properties, they are also extremely resistant to corrosion. Their unique and enduring properties make PGMs suitable for a wide variety of industrial and commercial applications, not least of which include automotive catalytic converters, jewellery, investment, electrical and electronics, glass and medical necessities.

    As PGMs are used in the manufacture of catalytic converters, they play a fundamental role in reducing global greenhouse gas and environmental emissions, particularly through the removal of noxious exhaust gases and hydrocarbons from automobile exhausts, and are therefore vital elements in the fight against climate change and global warming.

    + See About PGMs for more information

    Gold

    Gold’s significance both culturally and economically has endured throughout history and continues today. Other than its cultural significance where it plays an important role in traditional ceremonies, gold has been used as a store of value, for trading and investment purposes, for jewellery and for various industrial purposes for the past 6,000 years. Demand for gold is as sustainable as are its characteristics.

    + See About Gold for more information

    Lithium

    Lithium and lithium compounds are used widely, for example in the glass and ceramics industry as well as the medical industry. The battery industry became the most significant user of lithium during the 2010s. The demand for rechargeable batteries has grown significantly as various portable devices, such as smart phones, tablets, laptops, and wireless tools, have become common.

    + See About Lithium for more information

  • Purpose, vision & values

    At Sibanye-Stillwater, we believe our mining improves lives. Our vision is superior value creation for all our stakeholders through the responsible mining of our mineral resources.

    Everything we do is driven by our CARES values:

    • Commitment: We are committed to operational excellence, to the highest standards of corporate governance, ethical conduct and regulatory compliance, to the protection of life, health and the environment and to adhering to industry and international disclosure and reporting standards which align with our values
    • Accountability: We are accountable to our stakeholders for delivering on our key operational targets and strategic objectives, for identifying, managing and mitigating the risks inherent in our business and for maximising the return on all of the capital we deploy
    • Respect: We treat people fairly, respect each other, value those from all backgrounds, promote and support diversity and seek to help all our employees realise their full potential
    • Enabling: We enable prosperous and sustainable operations by engaging with our stakeholders, empowering our employees and ensuring our communities benefit from our operations and are equipped with skills and resources that will endure after mining ceases
    • Safety: We make safety our top priority because everyone has the right to a safe working environment and nothing is more important than the health, safety and well-being of our people
  • Strategy
    Strategy diagram

    Our strategy is intended to strengthen Sibanye-Stillwater’s position as a leading international precious metals group. Delivering on this strategy will in turn enable us to fulfil our purpose to improve lives through our mining and continue to deliver on our strategic intent of creating superior value for all our stakeholders.

    Given the rapidly changing world in which we operate and the successful delivery on various strategic goals, our strategy was reviewed and revised during 2020. Two key changes were made:

    • Following delivery on the strategic focus area of “Deleveraging our balance sheet”, this pillar evolved into “Optimising capital allocation”, representing the progression of our focus from reducing debt to optimising allocation of capital in a manner which ensures sustainable creation of superior value to all stakeholders.
    • The focus area “Addressing our South African discount” was refined and amended to “Prospering in South Africa’s investment climate”, thus encompassing a more constructive and pragmatic approach to operating in South Africa, where the bulk of our assets are located.

    Embedding ESG excellence in the way we do business

    Rationale
    • Superior ESG credentials and performance are necessary to maintain our licence to operate – both social and regulatory – as well as to maintain a strong investment rating
    • ESG performance is increasingly critical in how companies are evaluated

    Aim: to manage and mitigate our impacts – operational safety, occupational health and well-being, socio-economic and environmental – underpinned by thoughtful stakeholder engagement and complemented by supply of commodities that confer global social and environmental benefits

    Priorities
    • Establish holistic sustainable leadership capacity to enhance ESG management structures at all levels
    • Strengthen capacity at an operational level to lead social and environmental performance with occupational health and safety being immediate priorities
    • Align ESG performance with stakeholder expectations, with an emphasis on their most material issues and concerns
    • Secure increasing involvement in commodities that are of benefit to people and the planet

    Focusing on safe production and operational excellence

    Rationale
    • The continuous improvement of our safety performance and global cost competitiveness are key to the delivery of superior operating and financial performance
    • Safe production is aligned with our CARES values
    • Optimised efficiencies and productivity will ensure cost effectiveness and business viability

    Aim: to operate safely, without causing harm while optimising cost-efficiency

    Priorities
    • Attain safety performance comparable to ICMM peers
    • Ensure depth of technical expertise to support safe production and operational excellence, particularly at our SA operations
    • Incorporate technical requirements into succession planning while realising opportunities to enhance demographics
    • Ready teams and capabilities for growth outside of South Africa

    Building a values-based culture

    Rationale
    • A strong values-based, ethical organisational culture provides a solid foundation for values-based decision making and conduct in support of our purpose that reads, “Our mining improves lives”
    • Having our CARES values as the primary driver of our decisions and actions facilitates cohesion and unity of purpose under the banner of ‘We are one’
    • Such a culture is the foundation of a high-performance organisation and is conducive to operational excellence

    Aim: to instil an organisational culture based on our culture growth programme, CARES values and Code of Ethics

    Priorities
    • Ensure we live our CARES values in the ethical conduct of our business and in line with good governance
    • Promote values-based behaviour to support operating excellence
    • Promote diversity and inclusivity

    Optimising capital allocation

    Rationale
    • Having successfully reduced debt, the focus is now on efficient capital allocation to support growth
    • Enhanced and sustained returns on capital will support strategic growth and the continued viability of our business, and deliver sustained value to shareholders and other stakeholders over time

    Aim: to ensure effective use of capital and thus long-term organic growth and value creation

    Priorities
    • Transition to enhanced and structured capital allocation with a focus on returns
    • Prioritise continued shareholder returns
    • Structure capital allocation to enhance organic growth projects and corporate activity, while minimising debt

    Prospering in South Africa’s investment climate

    Rationale
    • Given the extent of our South African presence, it is essential to operate optimally and realistically with appropriate systems and processes in place to manage and mitigate any risks and challenges arising as a result of the local socio-economic context

    Aim: to optimise the value of our orebodies and operational life of mine, given prevailing risks and challenges

    Priorities
    • Operate optimally and realistically, given prevailing investment risks
    • Nurture the South African investment climate by advocating for favourable policy, regulations, and infrastructure services
    • Work to improve social cohesion within host mining communities by establishing socio-economic partnerships with local stakeholders
    • Address the Marikana legacy (refer to Marikana renewal fact sheet)

    Pursuing value-accretive growth

    Rationale
    • Sustaining competitiveness in the longer term in dynamic commodity markets helps to ensure continued strategic growth
    • Diversified geographic and commodity footprints are critical to growth and delivery on our purpose and strategy, particularly given evolving market requirements for precious and industrial metals

    Aim: to establish a diversified international resource base that enhances our relevance as a global leader in meeting demand for precious metals and green commodities

    Priorities
    • Lay the groundwork for greater geographic and product diversity – initially an entry into battery-related materials such as lithium, nickel and cobalt
    • Secure international gold acquisitions
    • Establish global leadership to manage diversification
    • Enhance customer relations in readiness for diversification into “tomorrow’s industrial mix of new and evolving technologies”

Reference

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Our business

Ore-from-the-SA-PGM-operations

We are a leading international precious metals mining company with operations and projects in the Americas and Southern Africa.

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Sustainability

Our vision at Sibanye-Stillwater is to create superior value for all our stakeholders through the mining of our mineral resources.

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Innovation and technology

We invest in digitisation and innovative technologies to make the future of mining safer, more efficient and more sustainable.

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