Sibanye-Stillwater
#3880
Rank
$2.49B
Marketcap
South Africa
Country
Mr. Neal John Froneman B.Sc(MechEng), B.Sc., BCompt UNISA, PR Eng. (CEO & Exec. Director)
Mr. Charl A. Keyter A.C.M.A., B.Com., CGMA, M.B.A. (CFO & Exec. Director)
Mr. Robert Van Niekerk (Chief Technical & Innovation Officer)
Summary
History
In 2012, Gold Fields Limited unbundled its subsidiary, GFI Mining South Africa Proprietary Limited , which was then renamed Sibanye Gold Limited , and consisted of the KDC and Beatrix mines, as well as an array of support service entities in South Africa. "Gold Fields stockholders were given one share in Sibanye for each of their Gold Fields shares." The three South African mines transferred from Gold Fields to Sibanye are:
Beatrix gold mine
KDC mine
Driefontein mineThe company immediately embarked upon a strategic growth plan which saw the 2013 acquisition of the Cooke operations from Gold One as well as the WitsGold acquisition of 2014.
In April 2016 the company entered the PGM space, with an all-share offer for Aquarius Platinum. , as well as the acquisition of the Rustenburg operations from Anglo American Platinum Limited.On 30 August 2017, following the successful purchase of the Stillwater mine in Montana, Sibanye Gold Limited began trading as Sibanye-Stillwater and reorganized its operations by region – Southern Africa and the United States.In June 2019, Sibanye-Stillwater acquired Lonmin Plc, London, UK, a top tier PGM producer. The enlarged group is the world’s largest primary producer of platinum and rhodium, one of the largest producer of palladium and the leading recycler and processor of spent PGM catalytic converter materials.February 2021 saw the Group enter the battery metals industry with an investment into and partnership with Keliber, a leading European Lithium project based in Finland.
According to their 2020 annual report, the company produced 3 million ounces of PGM and 0.98 million ounces of gold.In 2020, the group employed 84,775 people, mostly in South Africa. Thus, Sibanye-Stillwater is one of the top four private sector employers in South Africa and the largest industrial employer in the state of Montana.
Sibanye-Stillwater’s primary listing is on the Johannesburg Stock Exchange in South Africa. The company trades under ticker codes JSE:SSW and NYSE:SBSW as of its relisting on February 19, 2020.
Mission
Vision
Key Team
Mr. Lerato Legong (Chief Legal Officer)
Mr. Dawid J. Mostert (Chief Organizational Growth Officer)
Dr. Richard Andrew Stewart B.Sc., BSc (Hons), M.B.A., Ph.D., Pr.Sci.Nat. (Chief Regional Officer of Southern Africa)
Mr. Themba George Nkosi BA Hons (Chief Sustainability Officer)
Mr. Laurent Charbonnier (Chief Commercial & Devel. Officer)
Mr. Mika Seitovirta M.Sc.(Econ.) (Chief Regional Officer - Europe)
Mr. James R. Wellsted (Exec. VP of Investor Relations & Corp. Affairs)
Recognition and Awards
References
Mr. Neal John Froneman B.Sc(MechEng), B.Sc., BCompt UNISA, PR Eng. (CEO & Exec. Director)
Mr. Charl A. Keyter A.C.M.A., B.Com., CGMA, M.B.A. (CFO & Exec. Director)
Mr. Robert Van Niekerk (Chief Technical & Innovation Officer)