Sibanye-Stillwater is a global mining and metals processing group with a diverse portfolio of operations, projects and investments across five continents. The Group is also one of the foremost global recyclers of a suite of metals and has interests in leading secondary mining operations.
Sibanye-Stillwater is one of the largest producers and refiners of platinum group metals (PGMs: platinum, palladium, rhodium, iridium and ruthenium) and is a top-tier gold producer. It also produces nickel, chrome, copper, silver, cobalt and zinc. The Group has also diversified into mining and processing battery metals and has increased its presence in the circular economy by expanding its recycling and secondary-mining exposure globally.
A Closer Look
Our purpose
Creating a better future for people and planet through our metals
Our vision
To be a leader in creating shared value for all stakeholders
Our iCARES values
- Innovation: Intentionally finding new ways to do things better.
- Commitment: Delivering on our promises to all stakeholders
- Accountability: Accepting responsibility and consequences for our actions.
- Respect: Showing regard and consideration for others.
- Enabling: Making it easy to work productively and safely.
- Safety: Prioritising the safety of ourselves and our colleagues.
The Sibanye-Stillwater Umdoni tree
The Sibanye-Stillwater Umdoni tree symbolises our approach to stakeholder capitalism. The roots of the tree hold our values, signifying that below the surface of success and competition, Sibanye-Stillwater iCARES.
How the indigenous South African Umdoni tree represents our business ethos:
- Our values are the roots of our organisation, which provide a solid basis for the way we do business
- The trunk of the tree is represented by our people, the material foundation and strength of the Group
- Quality results from our operations – safe production at competitive cost – are the source of value created through our business activities and necessary for shared value and sustainability
- The canopy/leaves on the branches represent our stakeholders – each of them of equal importance
- The tree’s seeds and fruits signify the varying benefits and value that our success allows us to share with all stakeholders
Our strategy centres on performance excellence, delivering future-focused metals that power clean energy and drive global progress. We’re uniquely positioned to supply these metals responsibly — through primary mining, secondary mining, and recycling — embracing the circular economy and building partnerships across the value chain.
Our approach will enhance capital returns for our shareholders, ensure long-term supply resilience for customers, deliver sustainable growth and shared value for all our stakeholders, while driving returns today and positioning us to deliver into the economy of tomorrow.
We will strengthen our fundamentals…
Short term (immediate focus)
Performance excellence
Increase operating margins through operational excellence
Increase efficiency through simplified operating model
Simplify our portfolio towards highest return assets
Underpinned by enabling systems and our performance culture of care
Solidify business essentials
Disciplined capital allocation framework to drive shareholder returns, balance sheet strength and sustainability
…to deliver flexibility for growth
Medium to longer term
Delivering value accretive growth
Sustain a precious metals underpin with growth in commodities enabling the energy transition
Geographies in which we have a competitive advantage
Build on our resource stewardship across primary mining, secondary mining and recycling
Unlock inherent resource value through organic growth projects
The four pillars of our refreshed strategy prioritise unlocking unrealised value
Simplification
Simplification of operating model and asset portfolio to enhance accountability, agility and management focus
Performance excellence
Through holistic improvement to drive higher margins
Growth
Focused on value creation that is anchored in returns and unlocking organic value as a priority
Capital allocation
Prioritising returns and securing sustainability through a disciplined framework
Operational excellence
- Productivity enhancements
- Cost efficiency
- Consistent, reliable delivery
- Capital project execution
Safe production
- Fatal Elimination programme
- Critical controls, behaviours and management routines
- Empowered and enabled teams
- Best-practice systems
- Instilling a values-driven and safe performance culture
Embedded sustainability
- Social compacting (GNA, Marikana renewal)
- Sustainable water strategies
- ~765MW planned renewable energy portfolio
- Subscribe to global best sustainability practices
- Development of local economies, fixed capital investment
Resource optimisation
- Enhance strategic mine planning process
- Digital and technology innovation
- Value chain optimisation
We produce gold, PGMs and battery metals through primary mining, secondary mining (tailings retreatment) and metals recycling. These activities generate a variety of impacts, depending on the markets in which they are sold, and their use and application.
74%
GREEN REVENUE FACTOR
The FTSE Russell green revenue factor; defined by FTSE Russell as the percentage of revenue that is derived from products that have a positive environmental utility which help prevent, restore and/or adapt to issues deriving from climate change, natural resource limitations and environmental degradation.
SA PGM operations
Platinum, palladium, rhodium and gold (4E) are the primary metals produced from our SA PGM operations. Secondary PGMs produced consist of iridium and ruthenium, as well as the by-products of chrome, copper and nickel
SA gold operations
Primary product is gold
US PGM operations
Primary metals produced are palladium and platinum (2E). Recycling of PGMs – platinum, palladium and rhodium (3E)
Keliber lithium project
Primary product will be lithium hydroxide, a compound used in lithium-ion batteries
Recycling operations
Recycling of PGMs – platinum, palladium and rhodium (3E) at Columbus and recyclers of a suite of metals including gold, silver, 4E PGMs, copper, and industrial e-scrap at the North Carolina and Pennsylvania sites
Century tailings retreatment
Sibanye-Stillwater owns and operates the zinc tailings retreatment operation in Queensland, Australia
Sandouville nickel refinery
Placed on care and maintenance, primary product is nickel and related salts. Gallicam study underway
PGMs market
Sibanye-Stillwater sells PGMs and by-products produced to primary markets in Germany, Hong Kong, Japan, the United Kingdom and the United States. PGMs are mostly sold in the form of refined bars, powder, or sponge. Primary uses of PGMs:
Autocatalysts
Jewellery
Chemical industry
Glass manufacture
Electrical industry
Medical applications
Gold market
Gold ore is processed at the mines’ gold plants to produce doré (unrefined gold bars). The doré is refined by Rand Refinery to a purity of at least 99.5%, in accordance with the London Bullion Market Association’s standards of “good delivery”. The refined gold bars are sold directly to international bullion banks. Principal areas of gold demand are:
Jewellery, mainly
India and China
Technological applications,
especially nanotechnology
Central banks
Investment – mostly
institutional, including
exchange traded funds
Lithium, nickel and zinc markets
Lithium and its compounds have long been used in pharmaceuticals and the manufacturing of high-temperature lubricants, high strength-to-weight alloys, heat-resistant glass and ceramics. Over the past decade it has found major new market applications in lithium-ion batteries. Our Keliber lithium project is strategically located in Finland close to the growing European market for electric vehicles (EV). The Sandouville nickel processing facility in France, placed on care and maintenance in 2025 served the European EV battery market. Nickel-based cathodes are also essential components in Li-ion batteries, enabling high-performance and recyclable batteries. Zinc is highly recyclable and can be recovered and reprocessed with very minimal losses.
