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    SSW   ZAE000259701

SIBANYE STILLWATER LIMITED

(SSW)
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Sibanye-Stillwater Inks Wage Agreement With Kroondal Mine Workers

10/23/2020 | 06:26am EDT

By Jaime Llinares Taboada

Sibanye-Stillwater Ltd. said Friday that it has signed a new wage agreement with two unions representing workers from its Kroondal platinum-group-metals mine in South Africa.

The Johannesburg- and New York-listed miner said the deal is for the three years from July 2020 to June 2023.

Sibanye-Stillwater, the National Union of Mineworkers and the Association of Mineworkers and Construction Union agreed to a 5% or a 1,000 rand ($61.38) monthly basic wage increase for the first year--whichever is higher.

"The outcome is in line with our vision and purpose and results in competitive remuneration for our employees while taking into account the longer-term sustainability of our Kroondal operation," Chief Executive Neal Froneman said.

Sibanye-Stillwater employs more than 5,495 employees at its Kroondal underground mine, under a 50%/50% pooling and sharing agreement with Anglo American Platinum Ltd.

Shares in Johannesburg at 1004 GMT were up 1.0% at ZAR52.74.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

10-23-20 0625ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLATINUM LIMITED -0.87% 1552.25 End-of-day quote.7.56%
ANGLO AMERICAN PLC 0.61% 2792 Delayed Quote.15.16%
DOW JONES AFRICA TITANS 50 INDEX -0.03% 526.71 Delayed Quote.-0.10%
DOW JONES SOUTH AFRICA(ZAR) -0.01% 1875.15 Delayed Quote.7.35%
PLATINUM 0.59% 1082.924 Delayed Quote.-1.06%
S&P AFRICA 40 INDEX -0.38% 169.34 Delayed Quote.-1.79%
SIBANYE STILLWATER LIMITED 2.46% 59.13 End-of-day quote.-1.45%
THE PLATINUM GROUP -1.18% 3.34 End-of-day quote.35.77%
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06/15SIBANYE STILLWATER  : Dealings in securities by Executive Directors and Prescrib..
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06/12Miners Try to Get Covid-19 Vaccines Into Areas Where Shots Are Scarce
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06/11SIBANYE STILLWATER  : Dealings in securities by Executive Directors and Prescrib..
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06/08Global mining trade group's members report 44 deaths in 2020
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06/08Global mining trade group's members report 44 deaths in 2020
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06/04SIBANYE STILLWATER  : Director dealings in securities
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06/01Sibanye-Stillwater to buy back up to 5% of shares
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More news
Financials
Sales 2021 177 B 12 391 M 12 391 M
Net income 2021 55 288 M 3 877 M 3 877 M
Net cash 2021 35 979 M 2 523 M 2 523 M
P/E ratio 2021 3,06x
Yield 2021 11,1%
Capitalization 173 B 12 034 M 12 117 M
EV / Sales 2021 0,77x
EV / Sales 2022 0,63x
Nbr of Employees 66 275
Free-Float -
Chart SIBANYE STILLWATER LIMITED
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Sibanye Stillwater Limited Technical Analysis Chart | SSW | ZAE000259701 | MarketScreener
Technical analysis trends SIBANYE STILLWATER LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 58,52 ZAR
Average target price 87,56 ZAR
Spread / Average Target 49,6%
EPS Revisions
Managers and Directors
NameTitle
Neal John Froneman Chief Executive Officer & Executive Director
Charl Keyter Chief Financial Officer & Executive Director
Thabane Vincent Maphai Chairman
Robert van Niekerk Chief Technical Officer
Richard A. Stewart Chief Operating Officer
Sector and Competitors
1st jan.Capitalization (M$)
SIBANYE STILLWATER LIMITED-1.45%12 085
IMPALA PLATINUM HOLDINGS LIMITED13.45%12 579
KOREA ZINC COMPANY, LTD.8.09%6 602
HECLA MINING COMPANY21.60%4 220
SINO-PLATINUM METALS CO.,LTD17.48%2 032
SILVERCREST METALS INC.-22.41%1 285