Sibanye-Stillwater

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.[https://www.sibanyestillwater.com/investors/news/company-announcements/2012/item/48-the-creation-of-sibanye-gold-limited-through-the-unbundling-and-separate-listing-of-gfimsa Sibanye-Stillwater]{{Dead link|date=January 2024 |bot=InternetArchiveBot |fix-attempted=yes }} "Company Announcements", Sibanye-Stillwater, November 29, 2012. Retrieved April 11, 2018. "Gold Fields stockholders were given one share in Sibanye for each of their Gold Fields shares."[https://www.ft.com/content/b63fe56e-afe7-348e-b71e-5f6cf55bdf65 Minto, Rob] "Gold Fields and Sibanye: low start", Financial Times, February 11, 2013. Retrieved April 11, 2018.] The three South African mines transferred from Gold Fields to Sibanye are:

• Beatrix gold mine
• KDC mine (formerly Kloof)
• Driefontein mine

The company immediately embarked upon a strategic growth plan which saw the 2013 acquisition of the Cooke operations from Gold One{{cite web|url=https://www.sibanyestillwater.com/news-investors/news-releases/2013/sibanye-gold-acquires-cooke-operations-from-gold-one|title=Sibanye Gold acquires Cooke operations from Gold One|date=21 August 2013}} as well as the WitsGold acquisition (Burnstone project){{cite web|url=https://www.sibanyestillwater.com/news-investors/news-releases/2013/joint-announcement-sibanye-gold-to-make-cash-offer-acquire-entire-issued-ordinary-share-capital-wits-gold|title=Joint announcement: Sibanye Gold to make a cash offer to acquire the entire issued ordinary share capital of Wits Gold and cautionary announcement|date=11 December 2013}} of 2014.

In April{{cite web |title=Sibanye takes ownership of the Rustenburg Platinum Mines and implements management changes |url=https://thevault.exchange/?get_group_doc=245/1477984626-SibanyetakesownershipoftheRustenburgPlatinumMinesandimplementsmanagementchanges_1Nov2016.pdf |website=thevault.exchange |access-date=25 June 2023 |archive-url=https://web.archive.org/web/20230407225507/https://thevault.exchange/?get_group_doc=245/1477984626-SibanyetakesownershipoftheRustenburgPlatinumMinesandimplementsmanagementchanges_1Nov2016.pdf |archive-date=Apr 7, 2023 |location=Westonaria |language=en |date=1 November 2016 |url-status=live}} 2016 the company entered the PGM space, with an all-share offer for Aquarius Platinum.{{cite web|url=http://www.kitco.com/news/2015-10-06/Sibanye-Gold-Agrees-To-Buy-Aquarius-Platinum-For-294-Million.html|title=Sibanye Gold Agrees To Buy Aquarius Platinum For $294 Million|date=6 October 2015|publisher=Kitco|accessdate=13 May 2016}} (comprising Kroondal, Platinum Mile, a 50% shareholding in Zimbabwe's Mimosa mine and a number of exploration projects), 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 Mining Company in Montana, Sibanye Gold Limited began trading as Sibanye-Stillwater and reorganized its operations by region – Southern Africa and the United States.[https://www.sibanyestillwater.com/about-us/history Sibanye-Stillwater] "History", Sibanye-Stillwater, November 29, 2012. Retrieved April 11, 2018.

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.{{Cite news|last=MarketScreener|title=Media release: Sibanye-Stillwater changes NYSE ticker symbol from SBGL to SBSW to highlight new corporate structure and diversified asset mix {{!}} MarketScreener|language=en|url=https://www.marketscreener.com/quote/stock/SIBANYE-GOLD-LIMITED-12575446/news/Media-release-Sibanye-Stillwater-changes-NYSE-ticker-symbol-from-SBGL-to-SBSW-to-highlight-new-corp-30076449/|access-date=2021-01-03}}

February 2021 saw the Group enter the battery metals industry with an investment into and partnership with Keliber,{{cite web|url=https://www.sibanyestillwater.com/news-investors/news/transactions/keliber/|title=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.{{Cite web|last=Sibanye-Stillwater, Financial Annual Report (2020)|date=|title=Annual reports|url=https://www.sibanyestillwater.com/news-investors/reports/annual/|access-date=2021-07-21|website=Sibanye-Stillwater|language=en-US}}

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.{{Cite web|last=Sibanye-Stillwater, Integrated Report (2020)|date=|title=Annual reports|url=https://www.sibanyestillwater.com/news-investors/reports/annual/|access-date=2021-07-21|website=Sibanye-Stillwater|language=en-US}}  

Sibanye-Stillwater's primary listing is on the Johannesburg Stock Exchange (JSE) in South Africa. The company trades under ticker codes JSE:SSW (previously SGL) and NYSE:SBSW as of its relisting on February 19, 2020.{{cite web |title=Finalisation of the Scheme relating to the internal restructuring of SGL |url=https://thevault.exchange/?get_group_doc=245/1581407142-sibanye-stillwater-finalisation-scheme-internal-restructuring-11feb2020.pdf |website=thevault.exchange |access-date=25 June 2023 |archive-url=https://web.archive.org/web/20230407225506/https://thevault.exchange/?get_group_doc=245/1581407142-sibanye-stillwater-finalisation-scheme-internal-restructuring-11feb2020.pdf |archive-date=Apr 7, 2023 |language=en |date=11 Feb 2020 |url-status=live}}

{{Main|Marikana massacre}}

In 2012, what started as a peaceful protest resulted in a massacre. The Marikana massacre{{Cite news|date=2012-08-27|title=South Africa's Marikana mine closed by 'intimidation'|language=en-GB|work=BBC News|url=https://www.bbc.com/news/world-africa-19388584|access-date=2022-02-07}} was the killing of thirty-four miners by the South African Police Service (SAPS) on 16 August 2012, during a wildcat strike at the Lonmin platinum mine in Marikana, Rustenburg, North West province, South Africa. The violence started because of a history of antagonism and violence between the African National Congress-allied National Union of Mineworkers (NUM) and its emerging rival, the Association of Mineworkers and Construction Union (AMCU). At the Marikana platinum mine, operated by Lonmin at Nkaneng near Rustenburg, 3,000 workers walked off the job on 10 August after Lonmin failed to meet with workers.{{cite news|date=22 October 2012|title=NUM: Lethal force ahead of Marikana shootings was justified|work=Mail & Guardian|url=http://mg.co.za/article/2012-10-22-lonmin-caused-problem-at-marikana-say-police/|access-date=23 October 2012}} On 11 August, NUM leaders allegedly opened fire on striking NUM members who were marching to their offices.{{Cite web |last=Sacks |first=Jared |date=2012-10-12 |title=Marikana prequel: NUM and the murders that started it all |url=https://www.dailymaverick.co.za/opinionista/2012-10-12-marikana-prequel-num-and-the-murders-that-started-it-all/ |access-date=2022-02-28 |website=Daily Maverick |language=en}}{{cite news|date=27 August 2012|title=South Africa: Marikana massacre – a turning point?|work=Links|url=http://links.org.au/node/3002}}{{cite news|date=2 October 2012|title=NUM shot at us – witness|work=Independent Online|url=http://www.iol.co.za/news/special-features/mining-crisis/num-shot-at-us-witness-1.1394465#.UG_HWWYhz_g}} The killing of two miners was reported in the South African media as a central reason for the breakdown in trust within the union amongst workers.{{cite news|date=21 October 2012|title=Marikana 20 years in the making|publisher=Business Report|url=http://www.iol.co.za/business/opinion/marikana-20-years-in-the-making-1.1407448|access-date=23 October 2012}} Despite earlier contradictory reports, the clashes on the 11th are now acknowledged to be the first incidents of violence during the strike.

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.{{Cite web|title=Lonmin an example of exploitation|url=https://www.iol.co.za/business-report/companies/lonmin-an-example-of-exploitation-1365221|access-date=2022-02-07|website=www.iol.co.za|language=en}} It claimed the workers were exploited and this was a motivation for the violence. It also criticised the high profits when compared with the low wages of the workers.

{{Main|2014 South African platinum strike}}

In 2014, a five-month-long platinum strike had resulted in the deaths of four people,{{Cite web|last=News|first=Taiwan|date=2014-05-13|title=South Africa: 3 miners killed during strike {{!}} Taiwan News {{!}} 2014-05-13 17:42:01|url=https://www.taiwannews.com.tw/en/news/2480780|access-date=2022-02-07|website=Taiwan News|archive-date=7 February 2022|archive-url=https://web.archive.org/web/20220207184043/https://www.taiwannews.com.tw/en/news/2480780|url-status=dead}} six stabbings,{{Cite web|date=2014-05-12|title=Three workers killed amid platinum belt strike - NUM|url=https://mg.co.za/article/2014-05-12-three-workers-killed-amid-platinum-belt-strike-num/|access-date=2022-02-07|website=The Mail & Guardian|language=en-ZA}} and 24 billion rand ($2.25 billion) in lost revenue for the South African platinum industry. 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.{{cite news|date=June 13, 2014|title=Union says wage deal to end South African platinum strike is imminent|work=Reuters|url=http://uk.reuters.com/article/uk-safrica-strike-idUKKBN0EO0HV20140613|archive-url=https://web.archive.org/web/20160305142324/http://uk.reuters.com/article/uk-safrica-strike-idUKKBN0EO0HV20140613|url-status=dead|archive-date=5 March 2016|access-date=June 29, 2014}}{{cite news|date=June 10, 2014|title=Marcus warns on mine strike|work=Business Report|publisher=IOL|url=http://www.iol.co.za/business/companies/marcus-warns-on-mine-strike-1.1701283|access-date=July 1, 2014}} It was the first contraction since 2009.{{Cite news|date=2014-07-01|title=South Africa hit by engineering strike|language=en-GB|work=BBC News|url=https://www.bbc.com/news/business-28103095|access-date=2022-02-07}} Workers, most of whom already lived in poverty, lost around 11 billion rands ($1 billion) in wages.{{Cite news|last=Maylie|first=Devon|date=2014-06-23|title=South African Platinum Miners Agree to End Strike|language=en-US|work=Wall Street Journal|url=https://online.wsj.com/articles/south-african-miners-end-strike-1403538168|access-date=2022-02-07|issn=0099-9660}}

In January 2018, a power outage caused by poor weather resulted in nearly 1000 miners being trapped underground. This occurred at the Beatrix gold mine near Welkom, South Africa.{{cite news|last1=Batchelor|first1=Tom|title=Nearly 1,000 miners trapped underground in South Africa|url=https://www.independent.co.uk/news/world/africa/south-africa-miners-trapped-underground-power-outage-welkom-gold-a8189416.html|accessdate=3 February 2018|work=The Independent|date=1 February 2018}} 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.{{cite news|last1=Heiberg|first1=Tanisha|last2=Macharia|first2=James|title=Workers trapped underground in South Africa gold mine rescued|url=https://www.reuters.com/article/us-sibanye-gold-miners/workers-trapped-underground-in-south-africa-gold-mine-rescued-idUSKBN1FM0FY|accessdate=4 February 2018|work=Reuters|date=2018}} The incident resulted in pressure from labour unions, including the National Union of Metalworkers of South Africa, for mine management to address safety concerns before it can reopen.{{cite news|last1=Motau|first1=Koketšo|title=Numsa demands closure of Sibanye-Stillwater mine amid probe|date=2 February 2018|url=http://ewn.co.za/2018/02/02/numsa-demands-closure-of-sibanye-stillwater-mine-amid-probe|accessdate=4 February 2018|work=Eye Witness News|language=en}}

In early 2018, 20 out of the 45 mining deaths in South Africa occurred at Sibanye Stillwater. 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.”{{Cite web|title=20 out of 45 mining deaths in 2018 have been at Sibanye-Stillwater mines: Mantashe|url=https://www.timeslive.co.za/politics/2018-06-17-20-out-of-45-mining-deaths-in-2018-have-been-at-sibanye-stillwater-mines-mantashe/|access-date=2022-02-07|website=TimesLIVE|language=en-ZA}} Another death was reported a few weeks later.{{Cite news|last1=Cotterill|first1=Joseph|last2=Sanderson|first2=Henry|date=2018-06-26|title=Sibanye-Stillwater's safety record under fire|work=Financial Times|url=https://www.ft.com/content/6fce02c0-7923-11e8-8e67-1e1a0846c475|access-date=2022-02-07}}

In 2019, a violent five-month strike resulted in nine deaths,{{Cite web|date=2019-04-30|title=Deadly cost of Sibanye-Stillwater gold miners' strike|url=https://mg.co.za/article/2019-04-30-deadly-cost-of-sibanye-stillwater-gold-miners-strike/|access-date=2022-02-07|website=The Mail & Guardian|language=en-ZA}} an estimated 62 houses burnt down,{{Cite news|date=2019-03-05|title=South Africa's mines minister calls on police to quell violence at Sibanye mine|language=en|work=Reuters|url=https://www.reuters.com/article/us-sibanye-gold-strike-idUSKCN1QM1PC|access-date=2022-02-07}} and several wounded, which including burned children. The strike started as a dispute over wages but became the center of inter-union violence. Sibanye-Stillwater spokesperson James Wellsted said more than 500 mineworkers, which belonged to NUM and AMCU, and their families had to be evacuated because the situation was so unsafe.

Sibanye Stillwater reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 6,433 Kt (-652 /-9.2% y-o-y).{{Cite web |title=Sibanye Stillwater's Annual Report for 2020Q4 |archive-url=https://web.archive.org/web/20210717232042/https://reports.sibanyestillwater.com/2020/download/SSW-IR20.pdf |url=https://reports.sibanyestillwater.com/2020/download/SSW-IR20.pdf|archive-date=July 17, 2021 }} [https://analytics.exerica.com/App/Name/Sibanye%20Stillwater/Total%20CO2e%20Emissions%20-%20Location-Based%20Scope%201%20%2b%20Scope%202/2020Q4 Alt URL] There is little evidence of a consistent declining trend as yet.

• Umsinde Emoyeni Wind Power Station

{{Reflist}}

• [https://www.sibanyestillwater.com/ sibanyestillwater.com]

{{Witwatersrand companies}}

Category:Mining companies of South Africa

Category:Gold mining companies of South Africa

Category:Companies based in Johannesburg

Category:Companies listed on the Johannesburg Stock Exchange