Sector: Basic Materials
The company is available at Interactive Brokers
Sibanye-Stillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal (PGM) operations in the United States (US), South Africa, and Zimbabwe, gold operations and projects in South Africa, and copper, gold and PGM exploration properties in North and South America.
The company is the world 2019s largest primary producer of platinum, the second largest primary producer of palladium and a top-tier gold producer, ranking third globally on a gold-equivalent basis, as well as a significant producer of rhodium and other PGMs and associated minerals such as chrome. The company is also a globally leading recycler and processor of spent PGM catalytic converter materials.
PGMs are unique precious metals used in a wide variety of applications, including automobile catalysts, jewelry, fuel cells, hydrogen purification and electronics. Together, in 2019 autocatalytic converters and jewelry accounted for around 75% of platinum, palladium and rhodium demand; autocatalysts alone accounted for 34% of platinum demand, and 84% of palladium demand and 88% of rhodium demand.
PGMs are vital to a cleaner atmosphere, since palladium, platinum and rhodium are essential components in catalytic converters that reduce harmful automotive emissions.
Gold 2019s significance both culturally and economically has persevered throughout history and continues today. In addition to playing an important role in traditional cultural ceremonies, gold has been used by central banks and others as a store of value, for trading and investment purposes, for jewellery and for various industrial purposes.
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South African businesses have had to respond to the coronavirus and lockdown restrictions since March. At the same time, the country’s economy is in crisis. Here’s how companies are coping.
2020-09-18 07:20 +02:00JSE:AGL JSE:AMS JSE:FSR JSE:MTN JSE:SBK JSE:VOD JSE:IMP JSE:SSW JSE:ABG JSE:SHP JSE:NED JSE:PPH JSE:AVI JSE:SPG JSE:MSM JSE:SUI
Sibanye Stillwater`s planned restructuring, which could see it close four loss-making platinum group metal (PGM) shafts in South Africa, could potentially result in the loss of 4,095 jobs, the mining firm said on Wednesday.
2023-10-25JOHANNESBURG (Reuters) -Anglo American Platinum`s CEO said he expected the low metal prices companies in South Africa are currently grappling with to persist, and he was aligning the business for the possibility that they would not rise for some time.
2023-10-05Anglo American Platinum`s CEO said he expected the low metal prices companies in South Africa are currently grappling with to persist, and he was aligning the business for the possibility that they would not rise for some time.
2023-10-05
The South African rand traded slightly higher on Wednesday following several days of weakness as the softening of the U.S. dollar supported risk sentiment.
2023-10-04
JOHANNESBURG (Reuters) -Sibanye Stillwater, South Africa`s biggest mining sector employer, may be forced to close some loss-making shafts, its CEO told Reuters, adding job cuts in platinum mining had become inevitable as prices of the precious metals fall.
2023-10-04
At least three South African miners are in the running to buy Botswana`s Khoemacau copper mine that is home to one of Africa`s largest copper deposits, several sources told Reuters, as growing demand for the metal ensures strong competition for the sought-after asset.
2023-09-05
South Africa`s Sibanye Stillwater plans to bring in a Chinese investor to form a partnership if it wins its bid to buy Zambia`s Mopani Copper Mines, its Chief Executive Neal Froneman told Reuters.
2023-08-29South Africa`s mining output has fallen further below pre-pandemic levels due to persistent electricity outages and rail disruptions, industry data shows, threatening dividend payouts to investors.
2023-08-07
Anglo American Platinum (Amplats) expects half-year profit to slump as much as 75%, hit by weaker metal prices and the impact on production from power shortages in South Africa, the company said on Monday.
2023-07-17
Zambia`s government has shortlisted companies that have submitted binding offers for Mopani Copper Mines and wants to select a new investor by July 31, its mines minister said on Friday.
2023-07-14South African miners have increased their efforts to bring on new solar and wind generation, renewables company JUWI said, as they seek to cut costs and emissions and address an electricity crisis that has hit their output and the wider economy.
2023-06-27
South Africa`s output of platinum group metals (PGM) should rebound in 2024 as the country starts to recover from a power crisis that will cut its production by as much as 20% this year, Neal Froneman, CEO of miner Sibanye Stillwater, said.
2023-06-15
Sibanye Stillwater on Tuesday said its platinum group metal (PGM) output declined nearly 10% during the first quarter, impacted by power cuts in South Africa and operational disruptions in the United States.
2023-05-09
South Africa`s Public Investment Corporation (PIC) will soon announce whether it will back one of the two companies that have vied to acquire platinum group metals (PGM) producer Royal Bafokeng Platinum for over a year, Implats CEO said on Thursday.
2023-03-02
(Reuters) -South Africa`s Public Investment Corporation (PIC) will soon announce whether it will back one of the two companies that have vied to acquire platinum group metals (PGM) producer Royal Bafokeng Platinum for over a year, Implats CEO said on Thursday.
2023-03-02
(Reuters) -Impala Platinum`s shares fell more than 5% on Thursday after the South African miner reported a 2.1% drop in half-year profit, saying power cuts and a furnace rebuild had hit platinum group metal (PGM) production.
2023-03-02
(Reuters) -South Africa`s Impala Platinum reported a 2.1% drop in half-year profit on Thursday as power cuts and a furnace rebuild hit smelter operations, lowering platinum group metal (PGM) production.
2023-03-02(Reuters) -Gold mining sector mergers and acquisitions are inevitable due to the need to replace depleting mineral reserves, Harmony Gold Chief Executive Peter Steenkamp said on Wednesday.
2023-03-01(Reuters) -Power cuts could reduce the output of platinum group metals (PGM) in South Africa, the world`s leading supplier of the minerals, by up to 15% this year, diversified miner Sibanye Stillwater said on Tuesday.
2023-02-28(Reuters) -Sibanye Stillwater shares fell by more than 3% on Tuesday, after the company said full-year 2022 profit almost halved due to a lengthy strike at its South African gold mines and flooding at its U.S platinum operations that hit production.
2023-02-28
South Africa`s rand weakened against the dollar on Thursday after the central bank hiked its main lending rate by 75 basis points to tame rising inflation.
2022-11-24South African gold miner Sibanye Stillwater is focused on operational stability and containing costs as market conditions are not conducive for gold mergers and acquisitions, Chief Executive Neal Froneman said on Thursday.
2022-08-11
* Floods to cut 60,000oz production from 2022 production (Recasts with CEO comments on M&A)
2022-08-11South African precious metals miner Sibanye Stillwater said on Friday that trade unions leading a strike at its gold operations had a mandate from their members to accept a three-year wage deal.
2022-06-03
(Reuters) -South Africa`s two biggest mineworkers` unions said on Tuesday that workers at Sibanye Stillwater`s platinum operations plan to go on strike to show their support for gold miners locked in a wage dispute with the company.
2022-04-12
South Africa`s two biggest mineworkers` unions said on Tuesday that workers at Sibanye Stillwater`s platinum operations plan to go on strike to show their support for gold miners locked in a wage dispute with the company.
2022-04-12
South Africa`s Sibanye Stillwater Ltd has received a notice of strike at its local gold mining operations from two unions starting on March 9, the company said on Tuesday.
2022-03-08
South African gold and platinum group metals (PGM) miner Sibanye Stillwater is forecasting annual gold production at the lower end of its target range after it had to close some operations due to fatal accidents and safety audits.
2021-12-15(Reuters) -South Africa`s Sibanye Stillwater has continued its push into battery metals with an announcement on Tuesday it would buy the Santa Rita nickel mine and Serrote copper-gold mine in Brazil, its biggest investment yet in the sector.
2021-10-26
* Sibanye-Stillwater`s biggest deal yet in battery metals push
2021-10-26
South Africa`s rand steadied against the dollar in afternoon trade on Wednesday, with market attention pinned on the release of minutes from the U.S. Federal Reserve later in the day.
2021-07-07JSE:AGL JSE:AMS JSE:SSW JSE:SLM JSE:NPH JSE:AVI JSE:JSE JSE:HUG
South Africa`s National Union of Mineworkers (NUM) said on Wednesday it planned to seek a hike of at least 15% in a three-year wage deal at upcoming negotiations with gold miners and state utility Eskom.
2021-04-01
South African miner Royal Bafokeng Platinum reported on Tuesday an almost 30-fold jump in annual profit, driven by higher platinum prices, increased output and a weak rand exchange rate.
2021-03-09South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest.
2020-08-07
South Africa`s rand firmed on Tuesday, shaking off a batch of poor domestic data recently, as moves by several countries to ease coronavirus lockdowns lifted global risk appetite.
2020-05-05
South African mining companies are setting up shared quarantine facilities for miners testing positive for COVID-19 and are discussing other ways to cooperate, as the vital national industry gradually restarts operations halted since late March.
2020-04-28
South African mining company Sibanye-Stillwater reported a near 80% surge in full year earnings on Wednesday following a rebound in the second half on the back of rising precious metals prices and the inclusion of its Marikana operations.
2020-02-19
* Gold stocks gain from risk-off sentiment (Updates stocks, adds trader comment)
2019-08-14South African lender Nedbank said on Monday it would appoint Ernst & Young as joint external auditors in May 2019, becoming the latest firm to drop the scandal-hit KPMG`s local unit.
2018-10-29
