Wrap Text
Century operations have been suspended due to the impact of a regional bushfire
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW
("Sibanye-Stillwater" or the "Group" or the "Company")
Website: www.sibanyestillwater.com
Century operations have been suspended due to the impact of a regional bushfire
Johannesburg, 18 October 2024: Sibanye-Stillwater (JSE: SSW and NYSE: SBSW) wishes to
inform stakeholders that operations at its Century operation in Queensland, Australia
have been impacted by a regional bushfire.
The safety and well-being of our employees and contractors is our foremost priority and
we are pleased to report that all personnel are safe and accounted for. Our operational
teams have been unwavering in their efforts to help manage the bushfire at the Century
operation and the neighbouring areas.
While the operations team has been able to protect the primary infrastructure at the
Century operation (processing plant, hydro mine, airport, underground slurry pipeline
and camp), there has been extensive loss of surface piping infrastructure, including
the feed and water lines that connect the hydro mine to the processing plant and other
key service lines. Suppliers have been contacted and orders for replacement piping have
been placed. Due to the amount of piping required, operations are expected to remain
suspended until 16 November 2024. As a result, we anticipate production of zinc metal
for Q4 2024 to be approximately 9,680 payable tonnes less than forecast.
CEO, Neal Froneman, commented: "This incident once more highlights the threat posed by
climate change, leading to significant harm from extreme weather-related events
worldwide. This affirms our purpose of "safeguarding global sustainability through our
metals" and the critical importance of resource stewardship and optimising scarce
resources, including through reprocessing of legacy tailings facilities as is done by
the Century operations. This setback is unfortunate considering the Century operation
had recovered well after heavy rains affected Q1 2024."
About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio
of operations, projects and investments across five continents. The Group is also one of the
foremost global recyclers of PGM autocatalysts and has interests in leading mine tailings
retreatment operations.
Sibanye-Stillwater is one of the world's largest primary producers of platinum, palladium, and
rhodium and is a top tier gold producer. It also produces and refines iridium and ruthenium,
nickel, chrome, copper and cobalt. The Group has recently begun to diversify its asset portfolio
into battery metals mining and processing and increase its presence in the circular economy by
growing its recycling and tailings reprocessing exposure globally. For more information refer
to www.sibanyestillwater.com.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted, Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
LinkedIn: https://www.linkedin.com/company/sibanye-stillwater
Facebook: https://www.facebook.com/SibanyeStillwater
YouTube: https://www.youtube.com/@sibanyestillwater/videos
X: https://twitter.com/SIBSTILL
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of the "safe harbour" provisions
of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements
of historical fact included in this presentation may be forward-looking statements. Forward-looking
statements may be identified by the use of words such as "will", "would", "expect", "forecast", "potential",
"may", "could" "believe", "aim", "anticipate", "target", "estimate" and words of similar meaning.
These forward-looking statements, including among others, those relating to Sibanye Stillwater Limited's
(Sibanye-Stillwater or the Group) future financial position, business strategies, business prospects,
industry forecasts, production and operational guidance, climate and ESG-related targets and metrics, and
plans and objectives for future operations, project finance and the completion or successful integration
of acquisitions, are necessarily estimates reflecting the best judgement of Sibanye-Stillwater's senior
management. Readers are cautioned not to place undue reliance on such statements. Forward-looking statements
involve a number of known and unknown risks, uncertainties and other factors, many of which are difficult
to predict and generally beyond the control of Sibanye-Stillwater that could cause its actual results and
outcomes to be materially different from historical results or from any future results expressed or implied
by such forward-looking statements. As a consequence, these forward-looking statements should be considered
in light of various important factors, including those set forth in Sibanye-Stillwater's 2023 Integrated
Report and annual report on Form 20-F filed with the Securities and Exchange Commission (SEC) on 26 April
2024 (SEC File no. 333-234096). These forward-looking statements speak only as of the date of this
presentation. Sibanye-Stillwater expressly disclaims any obligation or undertaking to update or revise any
forward-looking statement (except to the extent legally required). This information has not been reviewed
by the Group's external auditors.
WEBSITES
References in this announcement to information on websites (and/or social media sites) are included as an
aid to their location and such information is not incorporated in, and does not form part of, this
announcement.
Date: 18-10-2024 01:33:00
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