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SIBANYE STILLWATER LIMITED - Sibanye-Stillwater Group accepted as an ICMM member

Release Date: 27/02/2020 12:00
Code(s): SSW     PDF:  
Wrap Text
Sibanye-Stillwater Group accepted as an ICMM member

Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share code: SSW
ISIN – ZAE000259701
Issuer code: SSW
(“Sibanye-Stillwater” or “the Group” or “the Company”)

Sibanye-Stillwater Group accepted as an ICMM member

Johannesburg, 27 February 2020: Sibanye-Stillwater (Tickers JSE: SSW and NYSE:
SBSW) is pleased to advise that it has been accepted as a member of the
International Council on Mining and Metals (the ICMM).

Following the acquisition of Lonmin, an existing ICMM member, the Sibanye-
Stillwater Group went through the ICMM’s rigorous company membership assessment
process, conducted over several months and has qualified and been admitted, based
on its high level of standards and practices. For more about the ICMM admission
process, please refer to https://www.icmm.com/admission-process.

Neal Froneman, CEO of Sibanye-Stillwater commented: “It is a proud moment to be
accepted as a member of the ICMM. This confirms our ongoing commitment to
environmental, social and governance best practices throughout our business. The
membership will also provide us an opportunity to learn, define and share best-
in-class mining practices through a common set of international standards.”

Tom Butler, ICMM’s Chief Executive Officer said: “I am delighted to be welcoming
the Sibanye-Stillwater. The Group went through ICMM’s rigorous company membership
assessment process and has received a strongly positive assessment from ICMM’s
Independent Expert Review Panel. The Group will bring to Council its experience
of operating in both southern Africa and North America, alongside knowledge of
managing ESG issues unique to gold and platinum group metals extraction and
processing.”


Ends.

Investor relations contact:

Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

Ends.
FORWARD LOOKING STATEMENTS
The information in this announcement may contain forward-looking statements within the
meaning of the “safe harbour” provisions of the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements, including, among others,
those relating to Sibanye-Stillwater Limited’s (“Sibanye-Stillwater” or the “Group”)
financial positions, business strategies, plans and objectives of management for future
operations, are necessarily estimates reflecting the best judgment of the senior
management and directors of Sibanye-Stillwater.

All statements other than statements of historical facts included in this announcement
may be forward-looking statements. Forward-looking statements also often use words such
as “will”, “forecast”, “potential”, “estimate”, “expect” and words of similar meaning.
By their nature, forward-looking statements involve risk and uncertainty because they
relate to future events and circumstances and should be considered in light of various
important factors, including those set forth in this disclaimer and in the Group’s Annual
Integrated Report and Annual Financial Report, published on 29 March 2019, and the Group’s
Annual Report on Form 20-F filed by Sibanye-Stillwater with the Securities and Exchange
Commission on 5 April 2019 (SEC File no. 001-35785), and the Form F-4 filed by Sibanye
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Stillwater Limited with the Securities and Exchange Commission on 4 October 2019 (SEC
File no. 333-234096) and any amendments thereto. Readers are cautioned not to place undue
reliance on such statements.

The important factors that could cause Sibanye-Stillwater’s actual results, performance
or achievements to differ materially from those in the forward-looking statements include,
among others, our future business prospects; financial positions; debt position and our
ability to reduce debt leverage; business, political and social conditions in the United
States, United Kingdom, South Africa, Zimbabwe and elsewhere; plans and objectives of
management for future operations; our ability to obtain the benefits of any streaming
arrangements or pipeline financing; our ability to service our bond Instruments (High
Yield Bonds and Convertible Bonds); changes in assumptions underlying Sibanye-
Stillwater’s estimation of their current mineral reserves and resources; the ability to
achieve anticipated efficiencies and other cost savings in connection with past, ongoing
and future acquisitions, as well as at existing operations; our ability to achieve steady
state production at the Blitz project; the success of Sibanye-Stillwater’s business
strategy; exploration and development activities; the ability of Sibanye-Stillwater to
comply with requirements that they operate in a sustainable manner; changes in the market
price of gold, PGMs and/or uranium; the occurrence of hazards associated with underground
and surface gold, PGMs and uranium mining; the occurrence of labour disruptions and
industrial action; the availability, terms and deployment of capital or credit; changes
in relevant government regulations, particularly environmental, tax, health and safety
regulations and new legislation affecting water, mining, mineral rights and business
ownership, including any interpretations thereof which may be subject to dispute; the
outcome and consequence of any potential or pending litigation or regulatory proceedings
or other environmental, health and safety issues; power disruptions, constraints and cost
increases; supply chain shortages and increases in the price of production inputs;
fluctuations in exchange rates, currency devaluations, inflation and other macro-economic
monetary policies; the occurrence of temporary stoppages of mines for safety incidents
and unplanned maintenance; the ability to hire and retain senior management or sufficient
technically skilled employees, as well as their ability to achieve sufficient
representation of historically disadvantaged South Africans’ in management positions;
failure of information technology and communications systems; the adequacy of insurance
coverage; any social unrest, sickness or natural or man-made disaster at informal
settlements in the vicinity of some of Sibanye-Stillwater’s operations; and the impact
of HIV, tuberculosis and other contagious diseases. These forward-looking statements
speak only as of the date of the content. Sibanye-Stillwater expressly disclaims any
obligation or undertaking to update or revise any forward-looking statement (except to
the extent legally required).




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Date: 27-02-2020 12:00:00
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