Sibanye Stillwater is shifting its strategy to focus on organic, brownfield growth while moving away from mergers and acquisitions. The company announced this strategic pivot during its Capital Markets Day.
Management unveiled R20 billion in projects to extend the lifespan of its South African platinum group metals (PGM) and gold mines. These investments aim to sustain PGM output of at least one million ounces annually until 2050.
New CEO Richard Stewart described the South African PGM portfolio as the best in the world. The strategy also includes expanding the group's chrome business.
Sibanye plans to maintain gold production for at least another decade. The gold division will transition to shallower, lower-risk operations to achieve this target. South African operations remain the primary driver of earnings and value for the group.