Company Directory - Sibanye-Stillwater
Company Details - Sibanye-Stillwater
Sibanye-Stillwater
WebsiteSouth Africa
ISIN: ZAE000259701
Sibanye-Stillwater is a leading South African mining company, primarily focused on the production of gold and platinum group metals. The company operates several mines across South Africa and is known for its sustainable mining practices. Sibanye-Stillwater is committed to creating value for its stakeholders through operational excellence and collaboration.
CCI Score
CCI Score: Sibanye-Stillwater
-2.59
0.01%
Latest Event
Shift to Shared Value & Community Co-Ownership in Mining
Thabisile Phumo, executive vice president of stakeholder relations at Sibanye-Stillwater, highlighted the company’s shift towards a shared value model that recognizes communities as co-owners of the value chain, signaling a move away from traditional extraction practices and towards more equitable stakeholder engagement.
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BYSTANDER
Sibanye-Stillwater is currently rated as a Bystander.
Latest Events
- APR162025
Thabisile Phumo, executive vice president of stakeholder relations at Sibanye-Stillwater, highlighted the company’s shift towards a shared value model that recognizes communities as co-owners of the value chain, signaling a move away from traditional extraction practices and towards more equitable stakeholder engagement.
+60
Public and Political Behavior
April 18
The company's leadership is reframing the conventional mining narrative by actively involving communities in the value chain, thereby promoting greater public trust and democratic engagement. This progressive move contributes to a landscape that is less authoritarian by empowering local stakeholders.
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+70
Business Practices and Ethical Responsibility
April 18
By adopting a shared value model and recognizing communities as co-owners, Sibanye-Stillwater demonstrates improved ethical business practices that benefit marginalized stakeholders and challenge traditional exploitative mining practices. This alignment with progressive business ethics reduces the company’s complicity with authoritarian extractivism.
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- JUL042024
Sibanye-Stillwater's recent restructuring led to the retrenchment of over 2,000 employees at its mine, prompting criticism from labour unions who argue that profit motives are being prioritized over worker rights.
-70
Labor Relations and Human Rights Practices
April 18
The decision to cut over 2,000 jobs amid a restructuring process significantly undermines labor rights and adversely affects worker livelihoods. Labour unions have vocally critiqued the move for prioritizing profits and employing cost-cutting measures that compromise the welfare of employees. This reflects a deplorable business practice in neglecting fair labor standards.
More than 2000 Sibanye-Stillwater mine employees cut as labour unions voice concerns
- APR052024
Sibanye-Stillwater published its annual Conflict-Free Gold Report 2023 detailing its compliance with the World Gold Council Conflict‐Free Gold Standard. The report outlines rigorous due diligence practices, the role of its Responsible Sourcing Committee, and a range of updated corporate policies—including those on human rights, anti‐money laundering, and ethical supply chain management—to ensure that its gold production remains free of conflict influences.
+70
Public and Political Behavior
April 18
The report demonstrates strong public transparency by disclosing detailed compliance measures and corporate governance practices. This openness reinforces accountability and aligns with anti-fascist values by ensuring that the company is not complicit in human rights abuses or clandestine practices.
+85
Supply Chain Ethics
April 18
The comprehensive due diligence process described in the report—covering risk assessments, third-party verifications, and strict counterparty controls—reflects robust supply chain ethics. This proactive approach minimizes the risk of inadvertently supporting conflict-affected areas and underlines the company’s commitment to human rights and anti-authoritarian practices.
- OCT242023
Sibanye-Stillwater has announced it will enter consultations under section 189A of the Labour Relations Act regarding a restructuring of its South African gold mining operations. The proposed restructuring is expected to affect over 3,100 employees and has drawn strong criticism from trade unions, who blame poor management and leadership for the decision.
-80
Labor Relations and Human Rights Practices
April 18
The planned restructuring and potential job losses highlight significant labor rights issues. Trade unions have condemned the decision, arguing that it reflects poor leadership and mismanagement, ultimately harming workers. This neglect of employee welfare is a clear negative in terms of labor relations and human rights practices.
Trade unions slam Sibanye's plan to axe 4000 jobs at its SA gold operations
- SEP182023
On September 18, 2023, Sibanye-Stillwater announced plans to lay off nearly 3,000 workers from its Kloof 4 shaft, with 2,389 regular employees and 581 contract workers affected. Despite the company's strong half-year financial results, the decision has raised concerns by Solidarity about potential unnecessary hardship for mineworkers.
-70
Labor Relations and Human Rights Practices
April 18
The decision to proceed with large-scale layoffs, affecting nearly 3,000 mineworkers, appears particularly harsh given the company's reported strong financial performance. This move raises significant concerns regarding worker rights and fair labor practices, suggesting an authoritarian disregard for the welfare of employees.
Possible layoffs at Sibanye-Stillwater concerning – Solidarity
- JAN012023
In its 2023 Integrated Report, Sibanye-Stillwater detailed extensive socioeconomic development, community engagement, and supplier as well as employee volunteer initiatives. The report outlines partnerships with government, local NGOs, and capacity-building programmes that support marginalized communities, improve labor practices, and promote sustainable post-mining economic models.
+50
Public and Political Behavior
April 18
The report documents proactive engagement with public institutions and local stakeholders through capacity‐building and community development programmes. These actions improve democratic engagement and support marginalized communities, which is positive from an anti‑fascist perspective.
+85
Labor Relations and Human Rights Practices
April 18
The report highlights strong commitments to fair labor practices, human rights due diligence, and comprehensive employee volunteer schemes. The initiatives to support worker rights and provide extensive training underscore the company's ethical approach.
+20
Technology and Services Impact
April 18
Adoption of digital platforms for procurement management and supplier engagement indicates moderate progress in leveraging technology for transparency and community empowerment.
+70
Economic and Structural Influence
April 18
Substantial investments in local infrastructure, economic diversification, and post-mining development projects demonstrate the company's commitment to improving structural conditions in mining regions, supporting long-term socioeconomic stability.
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Corporate Financials
- Revenue
- 2024
- $2.98B
- Total Assets
- 2024
- $5.50B
- Operating Income
- 2024
- $880.00M
- Total Equity
- 2024
- $2.70B
Industries
- 331410
- Nonferrous Metal (except Aluminum) Smelting and Refining
- 331420
- Copper Rolling, Drawing, Extruding, and Alloying
- 212234
- Copper, Nickel, Lead, and Zinc Mining
- 212299
- All Other Metal Ore Mining