9:34am on May 28, 2020
Since our founding, Sibanye-Stillwater has grown from being a South African gold mining company to an internationally competitive, globally diversified precious metals miner, producing gold and the full suite of PGMs.
We were formed in February 2013 as Sibanye Gold Limited following the unbundling by Gold Fields Limited of a South African subsidiary company which owned Kloof, Driefontein and Beatrix gold mines. Upon completion of that transaction, our common shares and American depository receipts were listed on the JSE and the New York Stock Exchange, respectively.
We subsequently pursued a strategy of organic and acquisitive growth, including acquiring the Cooke operations from Gold One International in 2013 and the Burnstone project from Wits Gold in 2014, in order to create a more sustainable gold business.
In 2016, we completed the acquisition of Aquarius Platinum Limited’s stakes in the Kroondal mine and the Platinum Mile retreatment facility, both in the Rustenburg area, South Africa and the Mimosa Joint Venture with Impala Platinum in Zimbabwe. Later in the same year, we acquired Anglo American Platinum Limited’s Rustenburg operations.
In late 2016, we made a formal US$2.2 billion offer to acquire the Stillwater Mining Company in the United States. The Stillwater transaction, which constituted the largest PGM transaction globally in over a decade, was completed in May 2017, following which we began trading as Sibanye-Stillwater.
In 2018, we concluded a US$500 million stream financing with Wheaton International, significantly strengthening our balance sheet and reducing net leverage. We also closed an agreement with DRDGOLD to establish an industry-leading surface mining tailings retreatment partnership.
In early 2019, we acquired of SFA Oxford, a leading metal market analytical consulting company and globally recognised authority on PGMs, to provide in-depth market intelligence on battery materials and precious metals for industrial, automotive and smart city technologies.
In June 2019, we acquired the entire share capital of Lonmin Plc. Lonmin’s assets include the Marikana PGM mining operations and associated retreatment, smelter, base metal refinery and precious metal refinery assets in South Africa. Completion of this acquisition in 2019 represented the culmination of our “mine to market” South African PGM strategy.
In February 2020, an internal restructuring process was concluded, changing the group holding company from Sibanye Gold Limited to Sibanye-Stillwater Limited. The Group is now trading under the tickers JSE: SSW and NYSE: SBSW.
We are the world’s largest primary producer of platinum, the second largest producer of palladium and a top-tier gold producer.
We are committed to providing a safe, inclusive work environment, where employees are valued.
Our community initiatives seek to create enduring value for our host communities beyond the operating lives of our mines.