Sibanye reports R3 billion annual savings from Marikana consolidation

June 29, 2026

Reported by AI

Sibanye-Stillwater has achieved annual cost savings of R3 billion at its Marikana operations through consolidation of contiguous platinum group metals mines around Rustenburg.

The savings were highlighted during a capital markets day presentation this week. They form part of a broader strategy that began with acquisitions starting in 2015.

Sibanye acquired Lonmin in 2019 and completed 100 percent control of Kroondal Platinum Mines in 2023. These moves created 70 kilometres of contiguous operations along the western limb of the platinum belt.

Since 2016 the PGM acquisitions have produced 15.4 million ounces and generated R161 billion in earnings value. CEO Richard Stewart noted that unified ownership avoids complex boundary arrangements between separate companies.

Wage agreements have also supported stability. Entry-level miners at Marikana will receive R20,813 a month from 1 July this year, up 64 percent since 2019.

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June 26, 2026 01:24