Sibanye Stillwater Limited (JSE:SSW)

Neal Froneman
Market Cap (AUD): 136.34B
Sector: Basic Materials
Last Trade (AUD): 47.91 -0.27 (-0.56%)
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1. About

Sibanye-Stillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal (PGM) operations in the United States (US), South Africa, and Zimbabwe, gold operations and projects in South Africa, and copper, gold and PGM exploration properties in North and South America.

The company is the world’s largest primary producer of platinum, the second largest primary producer of palladium and a top-tier gold producer, ranking third globally on a gold-equivalent basis, as well as a significant producer of rhodium and other PGMs and associated minerals such as chrome. The company is also a globally leading recycler and processor of spent PGM catalytic converter materials.

PGMs are unique precious metals used in a wide variety of applications, including automobile catalysts, jewelry, fuel cells, hydrogen purification and electronics. Together, in 2019 autocatalytic converters and jewelry accounted for around 75% of platinum, palladium and rhodium demand; autocatalysts alone accounted for 34% of platinum demand, and 84% of palladium demand and 88% of rhodium demand.

PGMs are vital to a cleaner atmosphere, since palladium, platinum and rhodium are essential components in catalytic converters that reduce harmful automotive emissions.

Gold’s significance both culturally and economically has persevered throughout history and continues today. In addition to playing an important role in traditional cultural ceremonies, gold has been used by central banks and others as a store of value, for trading and investment purposes, for jewellery and for various industrial purposes.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk