Sibanye Stillwater : Replace on the affect of regional flooding on the US PGM operations

[ad_1]

Sibanye Stillwater Restricted

Integrated within the Republic of South Africa

Registration quantity 2014/243852/06

Share codes: SSW (JSE) and SBSW (NYSE)

ISIN – ZAE000259701

Issuer code: SSW

(“Sibanye-Stillwater”,”the Firm” and/or “the Group”)

Registered Tackle:

Constantia Workplace Park

Bridgeview Home • Constructing 11 • Floor Flooring

Cnr 14th Avenue & Hendrik Potgieter Highway

Weltevreden Park • 1709

Postal Tackle:

Personal Bag X5 • Westonaria • 1780

Tel +27 11 278 9600 • Fax +27 11 278 9863

Web site: www.sibanyestillwater.com

MARKET RELEASE

Replace on the affect of regional flooding on the US PGM operations

Johannesburg, 24 June 2022: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) needs to replace stakeholders on the affect of the regional floods which, on Monday 13 June 2022, affected a widespread area surrounding its US PGM operations in Montana, USA.

Following preliminary evaluation of the affect of the flooding on our US PGM operations, we’re happy to report that regardless of widespread harm to infrastructure and private property throughout the area, our mining and metallurgical operations have been largely unaffected.

A number of bridges within the neighborhood of our Stillwater mine have been nevertheless broken throughout the flooding and sections of the first entry street from Nye to the Stillwater mine have been severely eroded, proscribing entry to the mine and requiring rerouting of water, tailings and different piping. Remediation work on the east/west entry bridge inside the Stillwater mine complicated has begun and needs to be accomplished in roughly 4 weeks. It’s estimated that operations on the Stillwater mine will stay suspended for roughly 4-6 weeks earlier than protected entry to the mine is restored and manufacturing can resume.

Administration continues to interact with all related authorities and affected stakeholders to prioritise the restore of the broken bridges and roads and to remediate the affect of flooding of the Stillwater river inside the Stillwater mine complicated. The Stillwater mine accounts for roughly 60% of mined manufacturing from the US PGM operations.

Entry to the East Boulder mine and Columbus metallurgical services stays intact and each services continued working throughout the flooding occasions.

CEO, Neal Froneman commented: “Now we have been inspired by the optimistic response to the flooding by all the neighborhood and are pleased with the important thing position our staff have performed in supporting these worst affected throughout this troublesome interval. We are going to proceed to work with the native authorities and different stakeholders to fast-track the restoration of the area and sit up for resuming operations on the Stillwater part sooner or later.”

About Sibanye-Stillwater

Sibanye-Stillwater is a multinational mining and metals Group with a various portfolio of mining and processing operations and initiatives and investments throughout 5 continents. The Group can also be one of many foremost international PGM autocatalytic recyclers and has pursuits in main mine tailings retreatment operations. For extra data, go to our web site at www.sibanyestillwater.com

Investor relations contact:

E-mail: ir@sibanyestillwater.com

James Wellsted

Govt Vice President: Investor Relations and Company Affairs

Tel: +27 (0) 83 453 4014

Web site: www.sibanyestillwater.com

Sponsor: J.P. Morgan Equities South Africa Proprietary Restricted

FORWARD LOOKING STATEMENTS

This announcement comprises forward-looking statements inside the that means of the “protected harbour” provisions of the USA Personal Securities Litigation Reform Act of 1995. All statements apart from statements of historic reality included on this announcement could also be forward-looking statements. Ahead- wanting statements could also be recognized by way of phrases corresponding to “will”, “would”, “anticipate”, “forecast”, “potential”, “might”, “might”, “consider”, “goal”, “anticipate”, “goal”, “estimate” and phrases of comparable that means.

These forward-looking statements, together with amongst others, these referring to Sibanye-Stillwater Restricted’s (“Sibanye-Stillwater”) future enterprise prospects, monetary positions, manufacturing and operational steerage, local weather and ESG-related statements, targets and metrics, plans and targets of administration for future operations and skill to finish or efficiently combine ongoing and future acquisitions, are essentially estimates reflecting the most effective judgement of Sibanye-Stillwater’s senior administration. Readers are cautioned to not place undue reliance on such statements. Ahead-looking statements contain numerous identified and unknown dangers, uncertainties and different elements, lots of that are troublesome to foretell and usually past the management of Sibanye-Stillwater that would trigger its precise outcomes and outcomes to be materially completely different from historic outcomes or from any future outcomes expressed or implied by such forward-looking statements. As a consequence, these forward-looking statements needs to be thought of in mild of assorted essential elements, together with these set forth in Sibanye-Stillwater’s 2021 Built-in Annual Report and annual report on Type 20-F filed with the USA Securities and Trade Fee on 22 April 2022 (SEC File no. 333-234096). These forward-looking statements communicate solely as of the date of this announcement. Sibanye-Stillwater expressly disclaims any obligation or endeavor to replace or revise any forward-looking assertion (besides to the extent legally required).

[ad_2]

Supply hyperlink