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Appointment of Executive Vice President: SA gold 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”)
Website: www.sibanyestillwater.com
Appointment of Executive Vice President: SA gold operations
Johannesburg, 4 February 2021: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW)
is pleased to advise the appointment of Richard Cox as Executive Vice President (EVP):
SA gold operations, effective 1 February 2021. Richard’s appointment follows the
untimely passing of Shadwick Bessit on 16 January 2021.
Richard has more than 27 years’ experience in the gold and PGM mining industries,
with his last appointment before joining Sibanye-Stillwater being, Senior General
Manager at Anglo American Platinum’s Mogalakwena PGM complex. He has a proven track
record of leading sizeable operations in achieving improved safety, health and
environmental performance, launching cutting edge business solutions, and driving
greater efficiencies. For Richards full biography of please refer to
https://www.sibanyestillwater.com/about- us/leadership/.
Group CEO Neal Froneman commented: “We welcome Richard to the executive team and look
forward to the positive input he will make and leadership he will bring to the very
competent SA gold operational team. We are grateful to be able to draw from an
extensive bench of experienced managers in our talent pool.”
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
www.sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
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.
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, 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; 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 the spread of other contagious diseases, such as coronavirus
(“COVID-19”). Further details of potential risks and uncertainties affecting Sibanye-
Stillwater are described in Sibanye-Stillwater’s filings with the Johannesburg Stock
Exchange and the United States Securities and Exchange Commission, including the
Integrated Annual Report 2019 and the Annual Report on Form 20-F for the fiscal year
ended 31 December 2019.
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).
Date: 04-02-2021 03:40:00
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