. We are investing approximately R4 billion in the future of Marikana through the development of this world-class project, confirming the ongoing commitment to the sustainability of our company and its stakeholders., RELATED:EXCLUSIVE VIDEO: Neal Froneman opens up about mining in South AfricaSibanye-Stillwater credit rating comes on top amid strikeSibanye-Stillwater enters agreements for assets in Brazil. In addition, the K4 concentrator, able to treat approximately 130,000tpm (tonnes per month) of UG2 and Merensky reef is already fully operational. Sibanye-Stillwater hoists first tons from R3.9bn Marikana K4 project Mining in the DRC: The backbone of economic growth. Report any unethical behavior anonymously. Sibanye pursuing rapid self-generation to improve energy supply portfolio, Maintaining a profitable business and optimising In 2014, a five-month-long platinum strike had resulted in the deaths of four people,[22] six stabbings,[23] and 24 billion rand ($2.25 billion) in lost revenue for the South African platinum industry. The Sibanye-Stillwater Umdoni tree symbolises Then Minister of Mineral Resources, Gwede Mantashe, deplored the figure: We are very worried about the fact that out of 45 fatalities thus far 20 are from one company.[31] Another death was reported a few weeks later.[32]. Mining Weekly Editor Martin Creamer discusses Anglo American's "next phase of delivery"; the JSE's hope to attract junior mining and exploration companies to list. application was rejected on a technicality; the Group launched Under the terms of . It embraces our purpose, It produces other platinum group metals (PGMs) such as iridium and ruthenium, along with chrome, copper and nickel as by-products. 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. Report any unethical behavior anonymously. Our US PGM operations primarily produce palladium and platinum (78% Pd and 22% Pt), which are referred to as 2E PGMs. In 2012, Gold Fields Limited unbundled its subsidiary, GFI Mining South Africa Proprietary Limited (GFIMSA), which was then renamed Sibanye Gold Limited (Sibanye Gold), and consisted of the KDC (formerly Kloof) and Beatrix mines, as well as an array of support service entities in South Africa. Lonmin's Marikana platinum mine is located near Brits in the Marikana district, approximately 40km east of Rustenberg, South Africa. IPA members endorsed audit principles on the quality of schemes assuring sustainability performance and committed to auditing sites under this scheme. 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 to death, Achieved our annual benchmark for the Group TRIFR, setting Find more on Sibanye-Stillwater support initiatives during the pandemic here. delivered in March, April and May. We can confirm that Sibanye has continued educating the children and relatives of the mineworkers, in terms of the sixteen-eight trust. We currently have three exploration projects in the Americas, two located in Argentina and one in Ontario, Canada. vision and values, as well as the core principles Important elements of this initiative include comprehensive sustainability audits in the South African PGM sector, exchange on success factors regarding community challenges and best practices. This is a moment to halt and reflect. ", "South Africa: 3 miners killed during strike | Taiwan News | 2014-05-13 17:42:01", "Three workers killed amid platinum belt strike - NUM", "Union says wage deal to end South African platinum strike is imminent", "South African Platinum Miners Agree to End Strike", "Nearly 1,000 miners trapped underground in South Africa", "Workers trapped underground in South Africa gold mine rescued", "Numsa demands closure of Sibanye-Stillwater mine amid probe", "20 out of 45 mining deaths in 2018 have been at Sibanye-Stillwater mines: Mantashe", "Sibanye-Stillwater's safety record under fire", "Deadly cost of Sibanye-Stillwater gold miners' strike", "South Africa's mines minister calls on police to quell violence at Sibanye mine", "Sibanye Stillwater's Annual Report for 2020Q4", "Sibanye Stillwater's Annual Report for 2018Q4", "Sibanye Stillwater's Annual Report for 2019Q4", https://en.wikipedia.org/w/index.php?title=Sibanye-Stillwater&oldid=1155607734, Companies listed on the Johannesburg Stock Exchange, Articles needing additional references from February 2018, All articles needing additional references, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 18 May 2023, at 23:12. The first step in being able to do this was ensuring our sustainability of the Marikana operations, which has now been achieved with the operations restored to profitability. In other cases, we explore business alternatives and reserve the right to terminate business relations. ruthenium, nickel, Sibanye-Stillwater says they are making efforts to remedy the relationship the mine has with the surrounding communities following the 2012 Marikana massacre. Sibanye-Stillwater contributes to the socioeconomic development of communities around its operations. Marikana Pandora (2018-2022) The SLP was submitted to the DMRE in 2018 and is still waiting approval. Sibanye-Stillwater Vacancies 2023 - for Electrician, Supervisor, Driver and Various Careers How to Apply for Sibanye-Stillwater Vacancies 2023: About Sibanye-Stillwater Activist in Marikana, Napoleon Webster, and Vido Ngqola of the Marikana Unemployment Forum have rejected Sibanyes announcement. 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. Project development remains subject to group capital expenditure ranking. internal appeal proceedings, in accordance with the MPRDA; 12. and rhodium and is a top-tier gold producer. Where indicated, we support our partners, civil society, or cross-industry initiatives to commonly address challenges. 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 We dont know what informs their promises and whatsoever. According to their 2020 annual report, the company produced 3 million ounces of PGM and 0.98 million ounces of gold. Bacolod City to Talisay - 2 ways to travel via taxi, car, and foot value proposition to current and potential employees. The FTSE Russell green revenue factor is a non-IFRS measure and it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS, For Adjusted EBITDA reference note, please see, Due to the significant expansion in the area of assessment to resettle the baseline, Lowest fatal injury frequency rate in the Groups history of 0.033 per million hours worked, Unfortunately, we still lost five of our colleagues (2021:21), Achieved our annual benchmark for the Group TRIFR, setting us on a positive trajectory Stillwater is part of the social and environmental ecosystem Both participated in the 2019, 2020 and 2021 Courageous Conversations Dialogue, invited by the Anglican Archbishop of Cape Town to exchange on challenges and success factors of community projects. According to the Bench Marks Foundation, the violence erupted against a backdrop of a lack of employment opportunities for local youth, squalid living conditions, unemployment and growing inequalities. Website protection of personally identifiable information disclaimer. The roots of the tree hold our values, signifying Is Kgosientsho Ramokgopa a powerless power minister? 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 It is also pleasing to note the way our management team has optimised available capacity, Sponsor: J.P. Morgan Equities South Africa Proprietary Limited. PDF SOCIAL AND LABOUR PLANS - Sibanye-Stillwater to meet our 2025 benchmark, Most employees at SA operations (99%) are now on a medical scheme, Implementing the Marikana renewal programme, Ongoing engagement in line with Good Neighbor Agreement (GNA) in the US region, Certified as a level 7 B-BBEE contributor; an improvement from level 8 in 2021, Concluding a five-year wage agreement at Rustenburg and Marikana PGM operations (US$1.2 billion), R41.1 billion The wide orebody would enable a mechanised, long-hole, open-stope mining operation. This defines the impact we aspire to make frequency rate in the gender equality index, 9.4% year on year decrease 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. Theyve started a new project for building houses. Projects | Sibanye-Stillwater 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. PDF Social and labour plans: Summary of projects in South Africa On August 16th2022 BASF will commemorate the sad anniversary of the Marikana incident for the 10th time. Blue Ridge is a 50:50 joint venture with Imbani Platinum acquired following the acquisition of Aquarius Platinum in 2016. Since 2018, BASF has been participating in an exchange on sustainability topics with Sibanye-Stillwater. However, the Socio-Economic Rights Institute, SERI, which represents most widows whose husbands were killed on 16 August 2012, says many of the organisations clients demands, such as the erection of a wall of remembrance at the Marikana koppie and engaging government to declare 16 August a public holiday, have not been addressed. 8 - 18 August 2021: Sibanye-Stillwater commemorates the tragedy with storytelling in the week that changed our lives. 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. that guide our decisions, including our With the merger, Sibanye-Stillwater had become one of the worlds leading producers of platinum group metals (PGM). All rights reserved. Our team from Sibanye-Stillwater, the Keliber lithium project parent company, were pleased to visit and learn more about the rich cultural heritage preserved at the Kaustinen Center. sibanyestillwater@tip-offs.com. The Group has recently begun to build and diversify its asset An organisation tasked with re-skilling former mine workers, people from mining and labour-sending areas, has launched an Agri-Hub in Marikana near Rustenburg in the North West, throughpartnership with Sibanye Stillwater, which operates in the area. In 2021, stakeholder dialogs were held only virtually. 2023 BizNews, Inc. | The Rational PerspectiveTerms & ConditionsComments Policy. operate., Jerry Copyright Sibanye-Stillwater 2023. The Anglican Archbishop of Cape Town, Thabo Makgoba, who is a patron of the Marikana Renewal Programme, says it is time to find closure. Mining Weekly - Weba Chutes Systems secures contract to supply chutes curtailment impact on production, SA gold operations and SA PGM operations signed inflation-linked three- and five-year from our internal talent pool, Innovation delivered Further biannual meetings for mutual exchange are planned for 2022. www.safetyandhealthinmining.co.za. Sibanye Stillwater Salaries in South Africa | Indeed.com in the number of fatal incidents., R19 billion Sibanye-Stillwater says they are making efforts to remedy the relationship the mine has with the surrounding communities following the 2012 Marikana massacre. People are really struggling, says Ngqola. Several organizations including Sibanye-Stillwater have published, plan or are working on contributions to this specific Memorial Day. portfolio into 2023 Sibanye-Stillwater. Sibanye says it is making efforts to remedy the relationship the mine has with the surrounding communities following the 2012 Marikana massacre. (2021: 14.4%), with 30.8% female board representation (2021: 30.8%), Employee share option schemes dividend payouts, Delivered an annualised R650 million (US$40 million) allocated It also owns development projects such as Burnstone, and the Southern Free State gold projects in South Africa. that below the surface of success and Conventional up-dip down-dip mining, together with limited breast mining, is the predominant method of mining employed. The initiative's measures include conducting comprehensive sustainability audits and sharing success factors. As at 31 December 2021, Marikana had 4E PGM Mineral Reserves of 22.3Moz and 4E PGM Mineral Resources. 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. the marked improvement in our safety performance and in particular the sharp reduction Sibanye-Stillwater seeks to contribute meaningfully to the socio-economic development of communities around its operations. [16] On 11 August, NUM leaders allegedly opened fire on striking NUM members who were marching to their offices. (US$2.5 billion). Subscribe to the BizNews Insider for your weekday morning read. It also produces and refines iridium and IPA members agreed to a sustainability initiative under the IPA Sustainability Committee to improve living and working conditions of people in communities around mining operations. Chief Executive Officer Neal Froneman said last month that Sibanye plans further investments to boost PGMs output from South Africa. www.miningforschools.co.za Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg. www.mineralscouncil.org.za at Marikana and Rustenburg, Strategy advanced for growth of the Europe and Americas regions, and the recycling The Limpopo project, in which Sibanye-Stillwater has an effective 95.3% interest, is located on the northern section of the eastern limb of the Bushveld Complex, approximately 50km south of the city of Polokwane, in Limpopo, South Africa. score in the Bloomberg At 31 December 2021, the Limpopo project had a total attributable PGM Mineral Resource of 19.6Moz. 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. The audit principles, built up on internationally recognized standards, commensurate with theInitiative for Responsible Mining Assurance (IRMA),TfSs mining standards, andISEALquality principles. 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 AFP/Michele Spatari JOHANNESBURG - Mining giant. to the corporation and its employees, Several digital tools adopted as initial delivery on our intentions to augment human performance 1 - H2 2021 And Y21 Results Snapshot. Our Columbus Metallurgical Complex is one of the worlds largest recyclers of PGMs derived from spent catalytic converters. and Stillwater mine (10%), Physical impact of climate change at our US operations, Geographical concentration of SA operations with the majority The contrasting mesh of natural and industrial landscapes indicates how human progress and prosperity are made possible by the majesty of nature, which demands our respect. The necessary exploration activities to support the initial 20 years of mining has been concluded, and subject to the granting of the Mining Right, Akanani will become a strategic investment and development option. About PGMs Platinum Palladium Rhodium Ruthenium Iridium Business Americas US PGM operations Stillwater & East Boulder Columbus Metallurgical Complex Projects in the Americas Southern Africa SA PGM operations Rustenburg Marikana Kroondal Platinum Mile Mimosa Projects SA gold operations Beatrix Driefontein Kloof Cooke DRDGOLD Rand Refinery Projects behaviours and critical management routines to block the path The assets consist of PGM mining operations located on the Western Limb of the Bushveld Complex, 40km east of the town of Rustenburg, in the North West Province of South Africa. Groups history at 0.033, Achieved 97% disclosure injuries. Quickest way to get there Cheapest option Distance between. NS Energy is using cookies. Five shafts are currently in operation, 4Belt, K3, Rowland, Saffy and E3. 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. Akanani, acquired as part of the Lonmin transaction, is an advanced stage exploration project located on the northern limb of the Bushveld Complex, 30km northeast of the town of Mokopane in the province of Limpopo, South Africa. The GDP of South Africa contracted in the first quarter of 2014, pulled down by the steepest drop in mining production (25% of which 19% was directly attributable to the strike) in 50 years. At the heart of the Marikana renewal is a commitment to invest in and sustain our operations, our people and our communities. Changes at Anglo, the JSE, Sibanye make headlines We also own and operate smelting and refining facilities in Columbus, Montana. (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. positioning operations for stability, Repositioned the US PGM operations for long-term sustainability, allocated cost optimisation, The FTSE Russell green revenue factor is defined by FTSE Russell as the percentage of revenue that is derived from products that have a positive environmental utility which help prevent, restore and/or Our vision is to make sure that we replicate this programme in other mining communities in other provinces. 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. The platinum group metals, or PGMs, consist of platinum, palladium, rhodium, iridium, ruthenium and osmium. our approach to stakeholder capitalism. of 128.0Moz. Extensive exploration drilling, targeting the Platreef, has been conducted on the property, confirming significant Mineral Resources which offers the potential for a long-life, low-cost 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. But here in Marikana people are struggling my brother. Marikana K4 project will create significant value for all stakeholders for many decades, providing more than 4,000 direct jobs over its operating life and meaningful opportunities for local businesses, developing small and medium enterprises, as well as ensuring significant local economic development and skills transfer for local communities. If we all come together and acknowledge that whatever happened in Marikana in 2012 was wrong and we want to unite and we start again. in some cases causing delays of 6-9 months, Worldwide threat of cyber attacks on companies, where attackers Keyter Chief Financial Officer. www.safetyandhealthinmining.co.za. (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. [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.
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