This 2021 Mineral Resources and Mineral Reserves report, along with other reports produced for the fiscal year January 1, 2021 through December 31, 2021, covers Sibanye-Stillwater’s progress and achievements in achieving our strategic goals and our vision to be a leader in the higher realm. shared value for all stakeholders and supporting the reversal of climate change. This report should be read in conjunction with the 2021 Integrated Annual Report, the 2021 Summary Report and Notice of Annual General Meeting, the 2021 Annual Financial Report and the 2021 Company Financial Statements.
Preview 2021
2.7Moz and 0.4Moz
Increase in PGM 2E Mineral Resources (89.6 Moz) and Mineral Reserves (27.3 Moz) respectively from PGM’s US operations.
The U.S. Mineral Resource and Mineral Reserve Base Remains Stable and Strong, Helped by 3D Improvement
1.3Moz
Increase in PGM 4E mineral reserves at the SA PGM Rustenburg (SRPM) operation.
An agreement with Anglo Platinum allows earlier access to SRPM’s ground, across the PSA border, using Kroondal infrastructure at a lower cost,geological modeling practices. improvement in the operating life of Kroondal from 11 to 16 years.
39.6Moz
Mineral reserves (100% basis) from our managed SA PGM operations, which remain stable, net of depletion.
On an attributable basis, a year-over-year decrease of 20.2% is recorded due to an adjustment to the basis for calculating attributable declared interest due to the application of equity.
78.5Kt
Virgin lithium oxide (Li2O) Mineral resource.
Due to the inclusion of attributable interests in the Keliber (26.6%) and Rhyolite Ridge (7.1%) projects in Finland and the United States (US) respectively.
13.1Moz
Mineral reserves attributable to our SA gold segment, down 15.9%.
Driven by the depletion and exclusion of mineral reserves from the De Bron Merriespruit project (pending an updated feasibility study), and partially offset by an increase in secondary reef mineral reserves due to an exploration program succeeded in Driefontein.
1,016.3Mlb
Maiden’s Zinc (Zn) mineral resource.
Due to the inclusion of the attributable interest (19.9%) in the New Century tailings reprocessing operation in Australia.
To note: Some of the photographs used in this report were taken prior to the COVID-19 pandemic and do not reflect Sibanye-Stillwater’s standard operating protocols for the pandemic
OUR 2021 REPORTS
These reports cover the financial year from January 1 to December 31, 2021*
REPORT
GROUP ANNUAL FINANCIAL REPORT
AND REPORT ON MINERAL RESERVES
SUMMARY REPORT AND NOTICE OF ANNUAL
GENERAL ASSEMBLY
STATEMENTS
About our cover designs: Inspired by the earth’s strata and the characteristics of stratified rocks at different depths; an abstract interpretation of the “alchemical” transformation of raw materials into useful commodities. The covers also include images of employees, the people who embody our purpose and our vision.
8
All of our 2021 reports, along with supporting documents, are available on our website at: www.sibanyestillwater.com/newsinvestors/reports/annual
SUPPORTING TECHNICAL SHEETS
AND ADDITIONAL INFORMATION AVAILABLE ONLINE
-
• Advancing the UN SDGs
-
• Environmental incidents in 2021
-
• Biodiversity management
-
• Social and labor plans: summary of projects in South Africa
-
• Care for iMali: taking care of personal finances
-
• GRI content index
-
• Tailings management
-
• Fight against illegal mining
-
• CIMM self-assessment
-
• Working together: the good neighbor agreement
-
• Definitions of sustainability/ESG indicators
-
• Disclosure of King IV
-
• Disclosure related to climate change: TCFD recommendations
*
Including year-to-date information April 22, 2022 and forward-looking guidance
‘01
OUR BUSINESS
Introduction
3
Location of our operations and projects
4
Summary of Group Mineral Resources and Mineral Reserves
7
Basic remarks
17
Corporate Governance and Regulatory Compliance
Audit and risk
18 20
Mineral title
22
Exploration
22
Annual planning process
22
Commodity Price Assumptions
23
sustainability management
24
Declaration and consent of competent persons
27
‘02
AMERICAS
Location
31
PLATINUM GROUP METALS US OPERATIONS
32
32
Stillwater and East Boulder
32
EXPLORATION STAGE
45
Marathon
Denison
45 48
EXPLORATION OF LITHIUM GREEN METALS
51
51
Rhyolite Ridge
51
COPPER
54
Altar
54
Rio Grande
56
‘03
SOUTH AFRICA
Location
59 59
Insight
60
OPERATIONS
Marikana
67 67
Rustenburg
Kroondal
75 82
Mimosa
89
EXPLORATION STAGE
96
Akanani
96
Limpopo
99
Blueridge
103
Location
105
Insight OPERATIONS
105
108
Kloof
108
Beatrix
117
Driefontein
127
cooking
136
DRDGOLD DEVELOPMENT STAGE
145
152
Burn EXPLORATION STAGE
152
160
SOFS
159
‘04
EUROPE
EXPLORATION OF LITHIUM GREEN METALS
Keliber
165 165 165
Your comments are welcome
05
AUSTRALIA
GREEN METALS ZINC OPERATIONS
new century
169 169 169
‘06
AUXILIARY INFORMATION
Professional organizations
SAMREC Code Definitions
Glossary of terms
Abbreviations
Forward-looking statement
Administration and company information
Generic RSA Mining Permit Conditions
Your comments and suggestions are welcome. Please direct them to James Wellsted, Head of Investor Relations: [email protected]
8 www.sibanyestillwater.com
176
177
179
181
184 185 186
OUR BUSINESS
Introduction
3
Location of our operations and projects
4
Summary of the Group’s Mineral Resources and Mineral Reserves Fundamental Notes
7
17
Corporate Governance and Regulatory Compliance Audit and Risk Management
18
20
Exploration mining title
22
22
Annual planning process Commodity price assumptions Sustainability management
22
23
24
Declaration and consent of competent persons
27
Sibanye-Stillwater
Mineral Resources and Mineral Reserves 2021
2
Introduction
Sibanye-Stillwater is a multinational mining and metals processing group with a diversified portfolio of mining and processing operations, projects and investments, across five continents. The Group is also one of the world’s leading MGP automotive catalytic recyclers and has interests in leading tailings reprocessing operations.
Sibanye-Stillwater has established itself as one of the largest primary producers of platinum, palladium and rhodium in the world and is also a leading gold producer. It produces other PGMs, such as iridium and ruthenium, as well as chromium, copper and nickel as by-products. The Group has recently started to develop and diversify its portfolio of assets in the extraction and processing of metals for batteries and is strengthening its presence in the circular economy by developing and diversifying its activities in the recycling and reprocessing of waste to worldwide.
Our fundamental strategic objective is to ensure that we consistently achieve our goal of “preserving global sustainability through our metals and energy solutions”, while strengthening our position as a leading international mining company and ensuring that we are true to our vision “to be a leader in superior shared value for all stakeholders and support the reversal of climate change”. Everything we do is guided by our CARES values of Commitment, Accountability, Respect, Empowerment and Safety.
This is an excerpt from the original content. To continue reading it, access the original document here.
Comments are closed.