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  • Last updated

    1:22am on May 14, 2021

Power [icon]

2020 Responsible and preferential procurement

R12.6bn
spent in South Africa

US$398m
spent in the US

Warning [icon]

84,775
permanent and contract employees

Increase [icon]

900
doorstep suppliers

Taxes and royalties

US$396m /R6.5bn paid in taxes and royalties in 2020

As one of the world’s leading precious metals companies, we are focused on creating value for all of our stakeholders including providing employment opportunities and driving economic growth wherever we operate.

Our social performance is guided by our socio-economic development strategy and roadmap, which is aimed at ensuring that we meaningfully contribute to the upliftment of the communities and environments in which we operate during and beyond mining activities. While the social context of all of our operation environments differs, the Group’s social uplift strategies are designed to address their specific social needs.

  • United States

    In the U.S., our operations represent a sizable generator of economic prosperity, not only for the communities in which they are located but for Montana as a whole. We are the largest private industrial employer in Montana and the state’s largest taxpayer.

    In 2019, the Bureau of Business and Economic Research of the University of Montana conducted a study of the economic contributions of our Stillwater and East Boulder operations and found that our operations ultimately support:

    • almost 6,000 permanent year-round jobs across a wide spectrum of industries
    • US$500 million in annual, recurring income received by Montana households, of which US$438 million is disposable, after-tax income
    • state tax and non-tax revenues of approximately US$95 million annually
    • over US$1.5 billion in added economic output annually
  • South Africa

    In South Africa, we employ 81,862 people including contractors, making Sibanye-Stillwater the country’s largest employer outside government. It is estimated that each person employed in mining in South Africa supports 10 direct dependents and up to seven additional indirect dependents. That means that, in South Africa, our jobs support close to 1.2 million people – close to three percent of the country’s population.

    Many of our community engagement programs focus on local economic development, including our agriculture and portable skills programs, designed to create jobs outside of mining and ensure the long-term sustainability of current mining communities.

    We devote significant resources to local procurement. In 2020, procurement of goods and services in South Africa totalled R12.6 billion, of which R10.6 billion was expended on the purchase of goods, services and consumables from local Black Economic Empowerment entities.

Reference

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