| RAND-REFINERY-PROPRIETARY-LIMITED |
RAND-REFINERY-PROPRIETARY-LIMITED |
90%
|
Sibanye-Stillwater sells the refined gold to its customers who are international and local banks based and a residual amount (below 5%) is sold to Rand Refinery. |
| RELDAN-GROUP |
RELDAN-GROUP |
85%
|
e restructuring undertaken from Q4 2024 in which the Stillwater West mine was placed on care and maintenance, partially offset by 21% higher average 2E basket price of US$ 1,195 /2Eoz. Revenue from t… |
| SIBANYE-RELDAN-HOLDCO-INCORPORATED |
SIBANYE-RELDAN-HOLDCO-INCORPORATED |
85%
|
e restructuring undertaken from Q4 2024 in which the Stillwater West mine was placed on care and maintenance, partially offset by 21% higher average 2E basket price of US$ 1,195 /2Eoz. Revenue from t… |
| DRDGOLD |
DRDGOLD |
80%
|
Revenue from DRDGOLD increased by 29 % to R 9,129 million (2024: R 7,068 million) mainly due to a 40% higher rand gold price received of R 1,967,881 /kg, partially offset by 8% lower sales volumes. |
| ALDEBARAN-RESOURCES-INC |
ALDEBARAN-RESOURCES-INC |
62%
|
replaced by a share-based payment obligation and dividend obligation for entities not forming part of the Group (see note 6.4 and 21.2 ) 7 Sibanye-Stillwater recognises no NCI in Akanani on a similar… |
| AUSTRALIA-THE-GROUP |
AUSTRALIA-THE-GROUP |
62%
|
risk exposure on the Group’s financial assets is further expressed through the credit ratings of the Group's counterparties (source – Fitch ratings, S&P Global and Global Credit Ratings): • Cash and … |
| EASTERN-PLATINUM-PROPRIETARY-LIMITED |
EASTERN-PLATINUM-PROPRIETARY-LIMITED |
62%
|
nts relating to acquisition of a business 6 44 3,689 Other 5 37 Increase in net cash from operating activities 11,294 3,018 1 The increase in cash generated by operations in 2025 was mainly due to hi… |
| FINNISH-MINERALS-GROUP |
FINNISH-MINERALS-GROUP |
62%
|
This complex houses the smelter, BMR and an analytical laboratory which AFR – 58 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued For the year ended 31 December 2025 produces a PGM-rich filte… |
| GLINT-INCORPORATED |
GLINT-INCORPORATED |
62%
|
he following equity-accounted investments: Figures in million – SA rand Notes 2025 2024 2023 Rand Refinery 1 18.1 1,282 766 660 Mimosa 2 18.2 3,784 4,920 5,146 Peregrine 2 18.3 1,191 1,260 1,247 Othe… |
| NEW-CENTURY-RESOURCES-LIMITED |
NEW-CENTURY-RESOURCES-LIMITED |
62%
|
This complex houses the smelter, BMR and an analytical laboratory which AFR – 58 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued For the year ended 31 December 2025 produces a PGM-rich filte… |
| OUTLOOK-STRATEGIC-OVERVIEW-THE-GROUP |
OUTLOOK-STRATEGIC-OVERVIEW-THE-GROUP |
62%
|
of demand for PGMs are for use in autocatalysts, various industrial applications and jewellery. Autocatalysts and jewellery combined accounted for around 60% (2024: 61%) of gross platinum demand in 2… |
| PEREGRINE-METALS-LIMITED |
PEREGRINE-METALS-LIMITED |
62%
|
replaced by a share-based payment obligation and dividend obligation for entities not forming part of the Group (see note 6.4 and 21.2 ) 7 Sibanye-Stillwater recognises no NCI in Akanani on a similar… |
| PRM |
Perimeter Solutions, Inc. |
62%
|
Reciprocal relationship from PRM graph: Reciprocal relationship from SBSW graph: Reciprocal relationship from PRM graph: Reciprocal relationship from SBSW graph: Reciprocal relationship from PRM grap… |
| PROPRIETARY-LIMITED |
PROPRIETARY-LIMITED |
62%
|
replaced by a share-based payment obligation and dividend obligation for entities not forming part of the Group (see note 6.4 and 21.2 ) 7 Sibanye-Stillwater recognises no NCI in Akanani on a similar… |
| SIBANYE-RELDAN-HOLDCO-INC |
SIBANYE-RELDAN-HOLDCO-INC |
62%
|
replaced by a share-based payment obligation and dividend obligation for entities not forming part of the Group (see note 6.4 and 21.2 ) 7 Sibanye-Stillwater recognises no NCI in Akanani on a similar… |
| SIBANYE-RUSTENBURG-MINES-PROPRIETARY-LIMITED |
SIBANYE-RUSTENBURG-MINES-PROPRIETARY-LIMITED |
62%
|
nts relating to acquisition of a business 6 44 3,689 Other 5 37 Increase in net cash from operating activities 11,294 3,018 1 The increase in cash generated by operations in 2025 was mainly due to hi… |
| SIMPLIFICATION-THE-GROUP |
SIMPLIFICATION-THE-GROUP |
62%
|
of demand for PGMs are for use in autocatalysts, various industrial applications and jewellery. Autocatalysts and jewellery combined accounted for around 60% (2024: 61%) of gross platinum demand in 2… |
| SOUTH-AFRICA-PROPRIETARY-LIMITED |
SOUTH-AFRICA-PROPRIETARY-LIMITED |
62%
|
the mine. Accounting policy Goodwill is stated at cost less accumulated impairment losses. Goodwill is not amortised. In accordance with the requirements of IAS 36 Impairment of Assets , the Group pe… |
| STILLWATER-MINING-COMPANY |
STILLWATER-MINING-COMPANY |
62%
|
nts relating to acquisition of a business 6 44 3,689 Other 5 37 Increase in net cash from operating activities 11,294 3,018 1 The increase in cash generated by operations in 2025 was mainly due to hi… |
| TASMANIA-PROPRIETARY-LIMITED |
TASMANIA-PROPRIETARY-LIMITED |
62%
|
replaced by a share-based payment obligation and dividend obligation for entities not forming part of the Group (see note 6.4 and 21.2 ) 7 Sibanye-Stillwater recognises no NCI in Akanani on a similar… |
| VALTERRA-PLATINUM-LIMITED |
VALTERRA-PLATINUM-LIMITED |
62%
|
crap and the North Carolina recycling sites processes and refines a range of precious metals recovered from mainly from industrial waste. These materials are transformed into various low- and high-gr… |
| WESTERN-PLATINUM-PROPRIETARY-LIMITED |
WESTERN-PLATINUM-PROPRIETARY-LIMITED |
62%
|
nts relating to acquisition of a business 6 44 3,689 Other 5 37 Increase in net cash from operating activities 11,294 3,018 1 The increase in cash generated by operations in 2025 was mainly due to hi… |
