Aisha Fundi lost her husband who was a security guard at Lonmin, in the days prior to the 16 August Marikana massacre. curtailment impact on production, SA gold operations and SA PGM operations signed inflation-linked three- and five-year 12. Sibanye-Stillwater acquired the mining operations from Lonmin. The aim of the project is to advance socio-economic development in the area through agriculture. The issue between Sibanye and the families is the fact that Sibanye has not engaged with the families and heard their concerns, says SERIs Executive Director, Nomzamo Zondo. www.safetyandhealthinmining.co.za. Unlike early announcements to retrench approximately 12,500 jobs, no more than 1,142 job losses occurred due to restructuring at Marikana operations (status January 2020). Lonmin set up a fund to support the families and children of the deceased mine workers, whose schooling was from then on taken care of by Lonmin. If the companys board gives approval this month, work on the K4 and Klipfontein projects will start in 2021 and take eight years, the Johannesburg-based miner said in a statement Monday. Report any unethical behavior anonymously. The Group has recently begun to build and diversify its asset and Stillwater mine (10%), Safety trends improved ; and Sibanye-Stillwater's . PGM operations. The mined PGM-bearing ore is processed, smelted and refined to produce a PGM-rich filter cake; a third party further refines the filter cake to produce refined PGM metals. She says its time to re-unite. Americas. influenced by our operations; it is the difference Mining in the DRC: The backbone of economic growth. The operation was placed on under care and maintenance in 2011 and no exploration work has been undertaken in this time. Sibanye-Stillwater has established itself as one of the worlds largest primary producers of platinum, palladium, and rhodium and is also a top-tier gold producer. Language links are at the top of the page across from the title. in the biodiversity footprint It also owns development projects such as Burnstone, and the Southern Free State gold projects in South Africa. All rights reserved. Sibanye-Stillwater is accordingly pleased to announce that it has reached agreements in principle, with Anglo Platinum regarding processing of all PGM containing material produced from its Rustenburg and Platinum Mile operations and approximately half of the PGM containing material produced from the With the merger, Sibanye-Stillwater had become one of the worlds leading producers of platinum group metals (PGM). Marikana K4 is a large, long-life, high-grade (tier 1) PGM project situated on the western limb of the Bushveld Complex, in South Africas North West Province. 2023 Sibanye-Stillwater. They are centred around the Baobab mining operation, located on the Vooersped mining right, which is currently under care and maintenance. Sibanye- Given the steep dip of the UG2 and Merensky reefs on the property, the project remains an attractive mechanisation option, which fits well with Sibanye-Stillwaters strategic goals. following operations in determining its FTSE Russell green revenue factor: SA gold (limited to the Cooke operation); SA PGMs (excluding Mimosa and Kroondal); and US PGMs (including recycling). AFP/Michele Spatari JOHANNESBURG - Mining giant. The Group is also one of the foremost global PGM auto catalytic recyclers and has interests in leading mine tailings retreatment operations. bringing stability at these operations, which will be beneficial for all stakeholders, SA PGM operations continue to move down the industry cost curves despite load The project is on track and is ramping up with full production expected in the second quarter of 2022. Sibanye-Stillwater resumes work at Marikana K4 project, EXCLUSIVE VIDEO: Neal Froneman opens up about mining in South Africa, Sibanye-Stillwater credit rating comes on top amid strike, Sibanye-Stillwater enters agreements for assets in Brazil, JV to create sustainable coal and metal projects launched, South Deeps latest results show a sustained improvement, Atex Lithium-Tantalum project phase II soil sampling complete, Thor Explorations announces lithium-focused subsidiary. of research and application, Global shortage of chips has effected rollout of technology, operate., Jerry The company says that both the main and vertical shafts have been pre-developed and equipped to depths of 1,332m and 1,078m below the surface respectively. Blue Ridge is a 50:50 joint venture with Imbani Platinum acquired following the acquisition of Aquarius Platinum in 2016. We also own and operate smelting and refining facilities in Columbus, Montana. injuries. This includes building houses for the widows and paying their childrens study fees. The roots of the tree hold our values, signifying Reserves from the completion of a successful feasibility study at the and European battery supply ecosystems, Significant reset of stakeholder relations in Marikana through the Letsema engagement process (6.1%), At the Akanani PGM exploration project our mining right SIBANYE-Stillwater said it had hoisted the first tons of platinum group metals (PGM) ore at Marikana K4, a project developed by Lonmin before it was shutdown.. Marikana K4 project will produce about 250,000 ounces of 4E PGMs a year at a steady state for an estimated 50 years of mine life, accessing both Merensky and UG2 reefs which are rich in platinum and palladium. portfolio, Maintaining a profitable business and optimising NS Energy is using cookies. and embed a safe culture, Over 99% of our employees have medical insurance, Psychological wellbeing assessments completed, Reduction in the number of workplaces exceeding 31C, Buy quiet strategy, to reduce noise levels, implemented, DPM strategy with a three-pronged approached developed, Challenges in implementing DPM given worldwide semiconductor 1 800 317 0287 US operations commitment to ESG excellence and shared www.miningforschools.co.za
February 2021 saw the Group enter the battery metals industry with an investment into and partnership with Keliber,[11] a leading European Lithium project based in Finland. Keyter Chief Financial Officer. B-49 Tindalo Avenue Capitol Shopping Center, Bacolod, Negros Occidental 6100 Philippines. So it will create more jobs, it will create food, it will create happiness to many families, but it will not take everybody. "[4] The three South African mines transferred from Gold Fields to Sibanye are: The company immediately embarked upon a strategic growth plan which saw the 2013 acquisition of the Cooke operations from Gold One[5] as well as the WitsGold acquisition (Burnstone project)[6] of 2014. Is Kgosientsho Ramokgopa a powerless power minister? (US$1.2 billion), R41.1 billion with Bread for the World, Amnesty International, the Bench Marks Foundation, Center for Applied Legal Studies (CALS) as well as with Reverend Joseph Seoka and other members of the Plough Back the Fruits Initiative. Cross-border cattle raiders meet their nemesis in, Paul OSullivan: Wolves guarding sheep at new SAPS, Magnus Heystek Bullish forecasts or just, Frans Cronje: Load-shedding fixed in 12 months, Prof Piet Croukamp:ANCs illogical Russian, 2023 BizNews, Inc. | The Rational Perspective, Im deeply disillusioned with SA: Sibanye-Stillwater CEO Neal Froneman on investing, Sibanye-Stillwater thrives as higher commodity prices drive earnings, Sibanye offers its facilities in Covid-19 vaccine rollout. the Group for significant progress over the medium- to long-term, Innovation ecosystem enhanced through partnerships with Tindalo Pension. COVID-19 has also affected the South African mining industry. Our business /. 1 800 317 0287 US operations The project, which has begun development and production ramp up, is currently on track. project with US$700m conditional loan secured from US DOE, Majority stake obtained in New Century tailings retreatment business, Good progress on the BioniCCubE portfolio of investments, Significant improvement in safety performance; all indicators Sibanye-Stillwater is headquartered in Westonaria, South Africa. The Marikana K4 project will sustain around 4,380 direct jobs at steady state. www.safetyandhealthinmining.co.za. With the merger, Sibanye-Stillwater had become one of the world's leading producers of platinum group metals (PGM). 0800 001 987 South African operations But with regard to mining company, we want to leverage from social labour plan and the mining charter.. An escalation of tensions culminated in violent confrontations between mine workers and armed South African policemen. update of the life of mine (LoM) plans, has resulted in minor score in the Bloomberg (Bloomberg) Sibanye Stillwater may spend R3.9bn ($270m) on extending the life of the Marikana operations it acquired with the purchase of Lonmin two years ago, after platinum-group metals rallied. At Stillwater and East Boulder in Montana, we mine the J-M Reef, the highest grade PGM deposit known in the world. and is underpinned by our iCARES values. According to their 2020 annual report, the company produced 3 million ounces of PGM and 0.98 million ounces of gold. sibanyestillwater@tip-offs.com. 1 platinum miner said the metal could climb by more than 80% over the next four to five years as the global economy recovers and supply dwindles. The initiative's measures include conducting comprehensive sustainability audits and sharing success factors. Platinum mining giant, Sibanye-Stillwater, has announced a R4 billion investment to refurbish one of the shafts acquired from Lonmin Platinum in Marikana, in the North West. potable water use), ESG scorecard, as part of long-term incentive (LTI) performance conditions, matured in line [9], In June 2019, Sibanye-Stillwater acquired Lonmin Plc, London, UK, a top tier PGM producer. [8], 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. BASF also continued bi-lateral exchange with stakeholders. They are lying to the media. Remining of the eastern tailings dam 1 (ETD1) is by means of hydraulic mining with high-pressure water guns with the tailings retreated at the Bulk Tailings Treatment (BTT) plant. Sibanye-Stillwaters Board approved the related capital growth project in early 2021, allocating R3.9 billion to complete the mines vertical shaft infrastructure. Mineral resources and mineral reserves report 2022, Delivering value from our operations and projects, Fact sheet: SLPs: Summary of projects in South Africa, Website protection of personally identifiable information disclaimer. 0 800 772 244 Finland, Keliber The Marikana K4 project at the SA PGM operations is a largely pre-developed and equipped, high return project, which will access both the Merensky and UG2 reefs to produce on average, approximately 250,000 4Eoz per annum at a steady state over a 50-year life. operations, where depletion has been offset by additional Mineral 44 people died over the course of one week. application was rejected on a technicality; the Group launched CEO of the Mineworkers Development Agency, Tshimane Montoedi explains, There are many projects that we are having, but this approach or partnership is the first one of its kind. In addition, there has been a direct dialogue facilitated by BASF between Sibanye-Stillwater and non-governmental organizations engaged in this area. their purchased potable water We must do more and we are quite happy it has been launched., SA actively non-aligned in Russia-Ukraine conflict: Mufamadi, NC students pledge to perform with vigour at international robotics competition, socio-economic development in the area through agriculture, Transport sector needs proper regulation to help drive economy: Economist, Four North West municipalities placed under financial rescue, Higher stages of load shedding dont suggest a grid collapse: Ramokgopa, New Development Bank making good progress: Pandor, New project will add 274 MW to the grid: Ramokgopa, Presidential Climate Commission highlights urgency of renewable energy, Deadline for Zimbabwean Exemption Permits draws near, Durbans N2 road, Spaghetti Junction closed due to cleanup operations, Eastern Cape ActionSA raises eyebrows over qualifications of senior officials, Limpopo healthcare set to get massive boost with multi-billion rand hospital, Scientist finds solution to extending life of power plants rotors, Dr Nandiphas looks during court appearances under the spotlight, Reserve Bank expected to increase repo rate on Thursday, Zimbabwe receives 18 helicopters from Russian Federation, 2024 national elections will be a turning point for South Africa: Malema, Slain teen Palesa Malatjis family calls for death sentence to be reinstated, COPE calls for urgent removal of Eastern Cape premier, One of the victims in Muchipisi village tavern shooting identified, Ramaphosa conveys condolences to India after deadly train crash, Over 200 SA fire-fighters to assist in Canada, AmaBhungane doesnt have to hand back Moti documentsfor now, NPA adopts more aggressive strategy to successfully prosecute cases, Mashaba secures new publisher for his book after Mashele funding furore, Swimming and conservation come together to celebrate World Oceans Day. Sibanye-Stillwater is a people-centric organisation, with a In honour of the 44 who lost their lives at Marikana in 2012, Sibanye-Stillwater hosted a Memorial Lecture by Prof Thuli Madonsela. Monday 25 April 2022 - 2:00pm File: Miners walk past the entrance of the Sibanye-Stillwater platinum mine in Marikana, near Rustenburg. People are really struggling, says Ngqola. 2014 South African platinum strike (Lonmin), Learn how and when to remove this template message, investment into and partnership with Keliber, Association of Mineworkers and Construction Union, National Union of Metalworkers of South Africa, "Sibanye Stillwater Ltd | Johannesburg Stock Exchange", "Sibanye Gold acquires Cooke operations from Gold One", "Joint announcement: Sibanye Gold to make a cash offer to acquire the entire issued ordinary share capital of Wits Gold and cautionary announcement", "Sibanye Gold Agrees To Buy Aquarius Platinum For $294 Million", https://thevault.exchange/?get_group_doc=245/1477984626-SibanyetakesownershipoftheRustenburgPlatinumMinesandimplementsmanagementchanges_1Nov2016.pdf, "Media release: Sibanye-Stillwater changes NYSE ticker symbol from SBGL to SBSW to highlight new corporate structure and diversified asset mix | MarketScreener", https://thevault.exchange/?get_group_doc=245/1581407142-sibanye-stillwater-finalisation-scheme-internal-restructuring-11feb2020.pdf, "South Africa's Marikana mine closed by 'intimidation', "NUM: Lethal force ahead of Marikana shootings was justified", "Marikana prequel: NUM and the murders that started it all", "South Africa: Marikana massacre a turning point? Resources, Embedding safety as an operating philosophy with a particular The Sibanye-Stillwater Umdoni tree symbolises The platinum group metals, or PGMs, consist of platinum, palladium, rhodium, iridium, ruthenium and osmium. They are lying to South Africans. The Southern Africa PGM operations are currently supported by a pipeline of five projects, which are at varying stages of development. [28] Some of the trapped miners were rescued the day of the incident, and the remaining 955 were rescued after around 30 hours when power was restored to one of the lifts. Marikana is a large, established shallow to moderate depth PGM mining complex that is accessed from surface through numerous incline and vertical shaft systems, with all the necessary surface infrastructure to support mining operations. . Sibanye-Stillwater is a multinational mining and metals processing Group with a diverse portfolio of mining and processing operations and projects and investments across five continents. The larger project area consists of three contiguous mineral title areas, namely Voorpseod, Dwaalkop and Doornvlei. Mpofu, who is representing 328 people affected by the events that unfolded in August 2012 at Marikana, was speaking to Judge Colin Lamont, who disclosed his shares in the lawsuit respondent,. wellbeing is a strategic essential to our business. 0800 001 987 South African operations Commenting on the milestone Neal Froneman, Sibanye CEO said: The K4 project is an unrivaled, top tier project in the PGM industry, which will deliver significant value and benefits for all stakeholders for many years. Although many still carry resentment and anger about what happened to the mine workers in Marikana almost nine years ago, Sibanye says it has to offer a new reality, which reimagines the future of Marikana. Personally, I want people to see Marikana differently in future, she adds. longer-term market demand for palladium, Industrial action at SA gold for three months and subsequent rampup on the upside, agreement formed the base for successful PGM negotiations, Regional flood impact to US PGM operations and national skills In addition to underground operations, there is one tailings retreatment operation. 1h 45m. The Group has recently begun to build and diversify its asset portfolio into battery metals mining and processing and is increasing its presence in the circular economy by growing and diversifying its recycling and tailings reprocessing operations globally. BASF has continuously initiated stakeholder dialogs, e.g. [21] It claimed the workers were exploited and this was a motivation for the violence. In the Americas, our two PGM operations, Stillwater and East Boulder, are located in Montana, in the United States (US) and mine the J-M Reef, the only known significant source of PGMs in the US and the highest grade PGM deposit in the world. Employees affected by retrenchment are offered the opportunity to acquire new skills to secure their livelihoods. Under this initiative, IPA members regularly meet to discuss and address industry challenges. At 31 December 2021, the Limpopo project had a total attributable PGM Mineral Resource of 19.6Moz. But here in Marikana people are struggling my brother. 15 48 Sibanye Stillwater Salaries in South Africa Job Title Popular Jobs Location South Africa Job Artisan R 28 005 per month 3 salaries reported Driver R 9 345 per month 3 salaries reported Browse all Sibanye Stillwater salaries by category Arts & Entertainment Driving How much does Sibanye Stillwater in South Africa pay? Where indicated, we support our partners, civil society, or cross-industry initiatives to commonly address challenges. The Group is also one of the foremost global PGM auto catalytic recyclers and has interests in leading mine tailings retreatment operations. www.miningforschools.co.za
A unique global All jurisdictions saw 98% of employees voluntarily sign a The wide orebody would enable a mechanised, long-hole, open-stope mining operation. Due to the steep dip of the UG2 and Merensky Reefs, the project remains an attractive mechanisation option, which fits well with Sibanye-Stillwaters strategic goals. 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. At 31 December 2021, Akanani had a total attributable PGM Mineral Resource of 31.6Moz. All rights reserved. Activist in Marikana, Napoleon Webster, and Vido Ngqola of the Marikana Unemployment Forum have rejected Sibanyes announcement. It focuses on honouring the legacy of Marikana and working with stakeholders to create a new reality that delivers tangible 1 MARIKANA RENEWAL PHOLO, POISANO, DIRAGATSO (honour, engage, create) FACT SHEET 2020 The company responded with COVID-19 support programs addressing the areas of health, social relief, the support of small, medium and micro enterprises (SMME), education and awareness. IPA platinum mines are committed to carry out audits on their operations under this sustainability assurance scheme. Sibanye says it is making efforts to remedy the relationship the mine has with the surrounding communities following the 2012 Marikana massacre. Sibanye-Stillwater says they are making efforts to remedy the relationship the mine has with the surrounding communities following the 2012 Marikana massacre. competition, Sibanye-Stillwater iCARES. Eastern tailings dam 1 is located within the area covered by new order mining right 16/2008MR. Project development remains subject to group capital expenditure ranking. 2023 Sibanye-Stillwater. and general welfare activities in Kokkola and Kaustinen, Invested R362.38 million in socioeconomic development, Sociopolitical instability in South Africa, Communities have limited adaptive capacity to the effects caused for East Boulder mine (13%) R650m (US$40m) through our iXS initiative, Progress with ICTs utilisation of artificial intelligence (Alice) . It is also pleasing to note the way our management team has optimised available capacity, Sponsor: J.P. Morgan Equities South Africa Proprietary Limited. to the corporation and its employees, Several digital tools adopted as initial delivery on our intentions to augment human performance The US operations are supported by a pipeline of exploration stage projects, distributed throughout the Americas, including the Altar and Rio Grande copper-gold projects in San Juan Province in northwest Argentina, and the Marathon project in Ontario province, Canada. IPA members endorsed audit principles on the quality of schemes assuring sustainability performance and committed to auditing sites under this scheme. The audit principles, built up on internationally recognized standards, commensurate with theInitiative for Responsible Mining Assurance (IRMA),TfSs mining standards, andISEALquality principles. View all photos (8) Conventional up-dip down-dip mining, together with limited breast mining, is the predominant method of mining employed. positioning operations for stability, Repositioned the US PGM operations for long-term sustainability, The operation is set to create over 4 000 jobs. Sibanye shares rose 4.9% in Johannesburg, bringing this years gain to 13%. There are two mining rights within Western Platinum Limited, which have been converted to new order mining rights 11/2008MR and 29/2008MR. from our internal talent pool, Innovation delivered The mandate of the Mineworkers Development Agency is to attract communities to venture into other sectors, rather than focusing only on mining. The projects Marikana K4, Klipfontein, Blue Ridge, Akanani and Limpopo are all located on the Bushveld Complex in South Africa and present significant optionality to sustain and/or enhance the current production profile. Johannesburg, 16 April 2021. In 2019, Sibanye-Stillwater and BASF agreed to cooperate with respect to their stakeholder dialogs and foster collaboration between stakeholders for the common good. And, it must be a country where not a single person will suffer again in a way that led to Marikana, says Makgoba. The aim of the project is to advance socio-economic development in the area through agriculture. Further biannual meetings for mutual exchange are planned for 2022. The Marikana K4 project is a largely predeveloped and equipped, high-return project, which will access both the Merensky and UG2 reefs to produce approximately 250,000 4Eoz annually over a 50-year life. In 2019, a violent five-month strike resulted in nine deaths,[33] an estimated 62 houses burnt down,[34] and several wounded, which including burned children. PMR produces the final precious metal products. Sibanye-Stillwater takes an approach that focuses on creating local development and business opportunities, including activities beyond mine operations. which automated over 50 existing governance controls during 2022. 7 reviews. and gearing at 0.14x net cash: adj EBITDA, Dividend yield of 6%* and total dividend R7.36bn (US$421m) for 2022, Refinancing of US dollar revolving credit facility (RCF) successfully completed in April 2023, Aligning governance processes and auditing ability to understand and to improve [30], In early 2018, 20 out of the 45 mining deaths in South Africa occurred at Sibanye Stillwater. that below the surface of success and 2023 BizNews, Inc. | The Rational PerspectiveTerms & ConditionsComments Policy. vision and values, as well as the core principles system, which serves communities in the West Rand, Significant cumulative reduction of 4,061 Ml of potable water LED It will be tough at times, it will involve working through disagreement, trauma and even aggression, but our survival depends on genuinely wanting to be part of the healing and building of our country. the guidelines during our application, the rejection of our