Form 6-K Sibanye Stillwater Ltd For: Dec 08
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Dated 8 December, 2021
Commission File Number 333-234096
Sibanye Stillwater Limited
(Translation of registrant’s name into English)
Constantia Office Park
Cnr 14th Avenue and Hendrik Potgieter Road
Bridgeview House, Ground Floor
Weltevreden Park, 1709
South Africa
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F:
Form 20-F or Form 40-F:
Form 20-F
Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
Regulation S-T Rule 101(b)(7):
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Sibanye Stillwater Limited
Date: 8 December, 2021
By:
/s/ Charl Keyter
Name:
Charl Keyter
Title:
Chief Financial Officer
EXHIBIT INDEX
Exhibit
Description
99.1
Press release
Exhibit 99.1
1
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
ISIN – ZAE000259701
Issuer code: SSW
(“Sibanye-Stillwater”, “the Company” and/or “the Group”)
(“Sibanye-Stillwater”, “the Company” and/or “the Group”)
Registered Address:
Constantia Office Park
Bridgeview House • Building 11 • Ground Floor
Bridgeview House • Building 11 • Ground Floor
Cnr 14th Avenue & Hendrik Potgieter Road
Weltevreden Park • 1709
Weltevreden Park • 1709
Postal Address:
Private Bag X5 • Westonaria • 1780
Private Bag X5 • Westonaria • 1780
Tel +27 11 278 9600 • Fax +27 11 278 9863
Website:
www.sibanyestillwater.com
MARKET RELEASE
Sibanye-Stillwater increases its strategic exposure to the circular economy by completing its
19.99% equity investment in New Century Resources
Johannesburg, 8 December 2021: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) is pleased to
announce that it now holds a 19.99% equity interest in New Century Resources Limited (Ticker ASX: NCZ)
(New Century) acquired at A$61million
1
. This follows the overwhelming approval vote of 99.6% by the New
Century shareholders at its Annual General Meeting on 30 November 2021.
Sibanye-Stillwater CEO, Neal Froneman commented: “We are deliberately focused on increasing our
exposure to the circular economy through both recycling and tailings re-treatment. Our investment in New
exposure to the circular economy through both recycling and tailings re-treatment. Our investment in New
Century complements our successful partnership with DRDGOLD Limited, and we look forward to supporting
New Century to build a leading global tailings retreatment business, uniquely positioned to play a key role
New Century to build a leading global tailings retreatment business, uniquely positioned to play a key role
in green metal supply chains.
For more information on the transaction, refer to:
https://www.sibanyestillwater.com/news-investors/news/transactions/new-century-resources/.
1
Being a total subscription amount of A$60.88m, equal to US$42.8m at an assumed exchange rate of AUDUSD of (0.70 at 6 December 2021) and
equivalent to 26.185m shares at a share price of A$2.325 per share (post a 1 for 15 share consolidation completed by New Century on 6 December
2021).
Ends.
Investor relations contact:
Email: [email protected]
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Email: [email protected]
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 document 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 and involve a number of risks and uncertainties that could cause actual results to differ materially
from those suggested by the forward-looking statements. As a consequence, these forward-looking statements should be
considered in light of various important factors, including those set forth in this report.
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 and involve a number of risks and uncertainties that could cause actual results to differ materially
from those suggested by the forward-looking statements. As a consequence, these forward-looking statements should be
considered in light of various important factors, including those set forth in this report.
2
All statements other than statements of historical facts included in this report may be forward-looking statements. Forward-looking
statements also often use words such as “will”, “forecast”, “potential”, “estimate”, “expect”, “plan”, “anticipate” 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
estimates or projections contained in the forward-looking statements include, without limitation, Sibanye-Stillwater’s future financial
position, plans, strategies, objectives, capital expenditures, projected costs and anticipated cost savings, financing plans, debt
position and ability to reduce debt leverage; economic, business, political and social conditions in South Africa, Zimbabwe, the
United States and elsewhere; plans and objectives of management for future operations; Sibanye-Stillwater’s ability to obtain the
benefits of any streaming arrangements or pipeline financing; the ability of Sibanye-Stillwater to comply with loan and other
covenants and restrictions and difficulties in obtaining additional financing or refinancing; Sibanye-Stillwater’s ability to service its
bond instruments; changes in assumptions underlying Sibanye-Stillwater’s estimation of its current mineral reserves; any failure of a
tailings storage facility; the ability to achieve anticipated efficiencies and other cost savings in connection with, and the ability to
successfully integrate, past, ongoing and future acquisitions, as well as at existing operations; the ability of Sibanye-Stillwater to
complete any ongoing or future acquisitions; the success of Sibanye-Stillwater’s business strategy and exploration and development
activities; the ability of Sibanye-Stillwater to comply with requirements that it operate in ways that provide progressive benefits to
affected communities; changes in the market price of gold and PGMs; the occurrence of hazards associated with underground
and surface mining; any further downgrade of South Africa’s credit rating; a challenge regarding the title to any of Sibanye-
Stillwater’s properties by 4 claimants to land under restitution and other legislation; Sibanye-Stillwater’s ability to implement its
strategy and any changes thereto; the occurrence of labour disruptions and industrial actions; the availability, terms and
deployment of capital or credit; changes in the imposition of regulatory costs and relevant government regulations, particularly
environmental, tax, health and safety regulations and new legislation affecting water, mining, mineral rights and business ownership,
including any interpretation thereof which may be subject to dispute; the outcome and consequence of any potential or pending
litigation or regulatory proceedings or environmental, health or safety issues; the concentration of all final refining activity and a
large portion of Sibanye-Stillwater’s PGM sales from mine production in the United States with one entity; the identification of a
material weakness in disclosure and internal controls over financial reporting; the effect of US tax reform legislation on Sibanye-
Stillwater and its subsidiaries; the effect of South African Exchange Control Regulations on Sibanye-Stillwater’s financial flexibility;
operating in new geographies and regulatory environments where Sibanye-Stillwater has no previous experience; power disruptions,
constraints and cost increases; supply chain shortages and increases in the price of production inputs; the regional concentration
of Sibanye-Stillwater’s operations; 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; Sibanye-
Stillwater’s ability to hire and retain senior management or sufficient technically skilled employees, as well as its ability to achieve
sufficient representation of historically disadvantaged South Africans in its management positions; failure of Sibanye-Stillwater’s
information technology and communications systems; the adequacy of Sibanye-Stillwater’s insurance coverage; social unrest,
sickness or natural or man-made disaster at informal settlements in the vicinity of some of Sibanye-Stillwater’s South African-based
operations; and the impact of HIV, tuberculosis and the spread of other contagious diseases, such as the coronavirus disease
(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 2020 and the Annual Report on Form 20-F for the fiscal year ended 31 December 2020.
Stillwater’s properties by 4 claimants to land under restitution and other legislation; Sibanye-Stillwater’s ability to implement its
strategy and any changes thereto; the occurrence of labour disruptions and industrial actions; the availability, terms and
deployment of capital or credit; changes in the imposition of regulatory costs and relevant government regulations, particularly
environmental, tax, health and safety regulations and new legislation affecting water, mining, mineral rights and business ownership,
including any interpretation thereof which may be subject to dispute; the outcome and consequence of any potential or pending
litigation or regulatory proceedings or environmental, health or safety issues; the concentration of all final refining activity and a
large portion of Sibanye-Stillwater’s PGM sales from mine production in the United States with one entity; the identification of a
material weakness in disclosure and internal controls over financial reporting; the effect of US tax reform legislation on Sibanye-
Stillwater and its subsidiaries; the effect of South African Exchange Control Regulations on Sibanye-Stillwater’s financial flexibility;
operating in new geographies and regulatory environments where Sibanye-Stillwater has no previous experience; power disruptions,
constraints and cost increases; supply chain shortages and increases in the price of production inputs; the regional concentration
of Sibanye-Stillwater’s operations; 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; Sibanye-
Stillwater’s ability to hire and retain senior management or sufficient technically skilled employees, as well as its ability to achieve
sufficient representation of historically disadvantaged South Africans in its management positions; failure of Sibanye-Stillwater’s
information technology and communications systems; the adequacy of Sibanye-Stillwater’s insurance coverage; social unrest,
sickness or natural or man-made disaster at informal settlements in the vicinity of some of Sibanye-Stillwater’s South African-based
operations; and the impact of HIV, tuberculosis and the spread of other contagious diseases, such as the coronavirus disease
(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 2020 and the Annual Report on Form 20-F for the fiscal year ended 31 December 2020.
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). These forward-looking
statements have not been reviewed or reported on by the Group’s external auditors.
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