Since its inception in 2013, Sibanye-Stillwater has created shared value for stakeholders as it has evolved and grown by diversifying its portfolio by commodity and by geography.
Sibanye-Stillwater was established in 2013 as and independent entity following the unbundling by Gold Fields Limited’s of a subsidiary company which owned and operated three of its mature South African gold mines. Today Sibanye-Stillwater is a globally diversified mining and processing company with a unique portfolio of assets on 5 continents and in addition to remaining a top tier gold producer, is one of the world’s largest primary producers and recyclers of platinum group metals (PGMs) and by by-product metals including chrome, copper, nickel, and cobalt. The Group has further diversified its asset portfolio into battery metals mining and processing, and increased its presence in the circular economy by adding to the recycling and tailings reprocessing exposure. Our market capitalisation at 3 October 2025, is R139 billion (US$7.8 billion). Since 2013, we have also returned over R46 billion (US$3 billion) in additional value to investors in the form of dividends and share buybacks, which is over four times our initial market capitalisation on listing of R10 billion (US$1.2 billion).
TIMELINE OF NOTEWORTHY OCCURRENCES
2026
- Presentation of refreshed strategy with focus on four pillars: simplification, performance excellence, growth and capital allocation (January)
2025
- Entered into enhanced and new chrome agreements with Glencore (February)
- Castle wind farm (89 MW renewable energy) in South Africa started commercial production (March)
- Acquires 100% of Metallix recycling (September)
- Richard Stewart starts as CEO post the retirement of Neal Froneman (1 October 2025)
- Springbok solar PV project attains commercial production (of which 75MW (50%) offtake procured) (October)
2024
- Acquired 100% of Reldan in 2024 (March)
- Secured up to €500m in green financing package for the Keliber lithium project (August)
- Entered into a US$500m streaming agreement with Franco Nevada (December)
2023
- Celebrated a decade of shared value
- Acquired 100% of New Century Resources, and executed an option to take ownership of Mt Lyell copper project (March)
- Keliber rights issue results in Finnish Minerals Group holding increasing to 20%, our share ∼80% (April)
- Acquisition of 50% of Kroondal from Anglo American Platinum (November)
2022
- Acquired 100% of Sandouville nickel refinery (February)
- Increased Keliber holding to 85% through exercise of rights and acquisition of minority interests (November)
2021
- Acquired 30% stake in Keliber Oy for €30m (March)
- Acquired 19.99% in New Century Resources, an Australian zinc tailings reprocessing facility (December)
2020
- Increased holding in DRDGOLD to 50.1% by exercising the option to acquire new issued ordinary shares (January)
- Relisted on the JSE and NYSE as Sibanye-Stillwater Limited (February)
2019
- Acquired Lonmin Plc, (referred to as the Marikana operations under Sibanye-Stillwater) (South Africa), which includes processing and smelter plants, as well as base and precious metals refineries (June)
2018
- Concludes US$500m streaming agreement with Wheaton International on the gold and palladium of the US PGM operations (July)
2017
- Acquired Stillwater Mining Company, Montana, US (May)
- Rebranded as Sibanye-Stillwater (August)
2016
- Entered PGM sector with South African acquisitions:
- Aquarius Platinum PLC (April)
- Rustenburg operations (November)
2015
- Announced the first PGM transactions: Rustenburg operations (from Anglo American Platinum) and Aquarius Platinum PLC (September and October respectively)
2014
- Acquired Wits Gold, including Burnstone and other projects in Free State province, South Africa (April)
2013
- Gold Fields unbundled three of its South African gold assets (Kloof, Driefontein and Beatrix)
- Listed on the Johannesburg stock exchange (JSE) and New York stock (NYSE) exchanges as Sibanye Gold Limited with a market cap of R10 billion US$1.2 billion (February)
- Acquired Cooke operations from Gold One (August)
Our shared value in numbers
2013
2025
36,274 employees
incl. contractors
72,668 employees
incl. contractors
R6.16 billion paid
in salaries and benefits
R31 billion paid
in salaries and benefits
R1.05 billion invested in
socioeconomic development
and CSI
R2.7 billion invested in
socioeconomic development
and CSI
R554 million taxes
and royalties
R3.8 billion taxes
and royalties1
R316 million invested in
training and development
R1 billion invested in
training and development
R5.1 billion spent on total
discretionary procurement
R29.9 billion spent on total
discretionary procurement in South Africa
1 Taxes and royalties paid as per the consolidated statement of cash flows in the Group Annual financial report
