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Update on the impact of regional flooding on the US PGM operations
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
Update on the impact of regional flooding on the US PGM operations
Johannesburg, 24 June 2022. Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW)
wishes to update stakeholders on the impact of the regional floods which, on Monday
13 June 2022, affected a widespread region surrounding its US PGM operations in
Montana, USA.
Following initial assessment of the impact of the flooding on our US PGM operations,
we are pleased to report that despite widespread damage to infrastructure and personal
property across the region, our mining and metallurgical operations were largely
unaffected.
Several bridges in the vicinity of our Stillwater mine were however damaged during
the flooding and sections of the primary access road from Nye to the Stillwater mine
have been severely eroded, restricting access to the mine and requiring rerouting of
water, tailings and other piping. Remediation work on the east/west access bridge
within the Stillwater mine complex has begun and should be completed in approximately
four weeks. It is estimated that operations at the Stillwater mine will remain
suspended for approximately 4-6 weeks before safe access to the mine is restored and
production can resume.
Management continues to engage with all relevant authorities and affected stakeholders
to prioritise the repair of the damaged bridges and roads and to remediate the impact
of flooding of the Stillwater river within the Stillwater mine complex. The Stillwater
mine accounts for approximately 60% of mined production from the US PGM operations.
Access to the East Boulder mine and Columbus metallurgical facilities remains intact
and both facilities continued operating during the flooding events.
CEO, Neal Froneman commented: “We have been encouraged by the positive response to
the flooding by the entire community and are proud of the key role our employees have
played in supporting those worst affected during this difficult period. We will
continue to work with the local authorities and other stakeholders to fast-track the
recovery of the region and look forward to resuming operations at the Stillwater
section in due course.”
About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals Group with a diverse portfolio of
mining and processing operations and projects and investments across five continents. The
Group is also one of the foremost global PGM autocatalytic recyclers and has interests in
leading mine tailings retreatment operations. For more information, visit our website at
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
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 announcement 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”) future business prospects, financial positions, production
and operational guidance, climate and ESG-related statements, targets and metrics, plans and
objectives of management for future operations and ability to complete or successfully
integrate ongoing and future 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 2021 Integrated Annual Report and annual report on Form 20-F filed with
the United States Securities and Exchange Commission on 22 April 2022 (SEC File no. 333-
234096). These forward-looking statements speak only as of the date of this announcement.
Sibanye-Stillwater expressly disclaims any obligation or undertaking to update or revise any
forward-looking statement (except to the extent legally required).
Date: 24-06-2022 03:23:00
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