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Sibanye-Stillwater

#3721

Rank

$2.85B

Marketcap

ZA South Africa

Country

Sibanye-Stillwater
Leadership team

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)

Products/ Services
Mining, Precious Metals
Number of Employees
Above 50,000
Headquarters
Westonaria, NA - South Africa, South Africa
Established
2013
Company Registration
SEC CIK number: 0001786909
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SBSW
Social Media
Overview
Location
Summary
Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome. It owns the East Boulder and Stillwater mines located in Montana, the United States; and Columbus metallurgical complex, which smelts the material mined to produce PGM-rich filter cake, as well as conducts PGM recycling activities. The company is also involved in the Kroondal, Rustenburg, Marikana, and Platinum Mile operations situated in South Africa; Mimosa located on the southern portion in Zimbabwe; the Driefontein, Kloof, and Cooke surface operations located on the West Rand of the Witwatersrand Basin; and the Beatrix situated in the southern Free State. In addition, it owns an interest in surface tailings retreatment facilities; the Marathon PGM project in Ontario, Canada; the Altar and Rio Grande copper gold projects in the Andes in north-west Argentina; the Hoedspruit; and the Burnstone and southern Free State gold projects in South Africa. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevreden Park, South Africa.
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
Our mission is to create long-term value for all our stakeholders through the discovery, acquisition, development and operation of precious metal resources.
Vision
Our vision is to build premier global precious metal mining company.
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
In 2020, Sibanye-Stillwater won the Mining Company of the Year award at the South African Mining and Metals Industry Awards. In the same year, it was also named the Mining Company of the Year at the SABC Business Reporter Awards.
References
Sibanye-Stillwater
Leadership team

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)

Products/ Services
Mining, Precious Metals
Number of Employees
Above 50,000
Headquarters
Westonaria, NA - South Africa, South Africa
Established
2013
Company Registration
SEC CIK number: 0001786909
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SBSW
Social Media