Sibanye Stillwater Ltd
For the period ended Dec 31, 2024. Filed Apr 25, 2025.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Apr 25, 2025
Use the contents to explore the available documents and sections.
Contents
37. Commitments
- Commitments
| Figures in million - SA rand | 2024 | 2023 | 2022 |
|---|---|---|---|
| Capital expenditure | |||
| Authorised | 18,931 | 26,439 | 43,616 |
| Kloof | 946 | 1,104 | 1,731 |
| Driefontein | 693 | 664 | 990 |
| Beatrix | 131 | 144 | 262 |
| SGL corporate | 297 | 359 | 521 |
| Cooke | — | — | 3 |
| Burnstone | — | 199 | 2,741 |
| Kroondal | 661 | 581 | 332 |
| Platinum Mile | 28 | 30 | 25 |
| Rustenburg operation | 2,514 | 2,280 | 2,697 |
| Marikana | 5,232 | 3,138 | 27,955 |
| Sandouville nickel refinery | 11 | 164 | 290 |
| Keliber | 4,404 | 13,470 | 4,324 |
| Other1 | 4,014 | 4,306 | 1,745 |
| Contracted for | 6,983 | 8,162 | 4,113 |
| Other guarantees2 | 3,918 | 3,647 | 3,314 |
1 Includes authorised capital expenditure relating to DRDGOLD of R 3,700 million (2023: R 3,700 million,2022: R 1,458 million)
2 Included in the amount are guarantees related to the Marikana operations of R 2.3 billion (2023: R 2.2 billion, 2022: R 2.2 billion). The Group has an insurance policy over
these guarantees which includes a pledge of non-financial and financial assets of Sibanye UK, WPL, EPL, Messina Limited and Messina Platinum Mines Limited (collectively
the insured entities) in the event that the insured entities enter liquidation. At 31 December 2024, the insured entities' total assets amounted to R 32,357 million which
includes property, plant and equipment of R 10,745 million, trade receivables of R 1,347 million, inventory of R 9,322 million and cash and cash equivalents of R 2,141 million.
Management does not expect the policy to be triggered due to the financial position and liquidity of the Group
Commitments will be funded from internal sources and to the extent necessary from borrowings. This expenditure primarily relates to mining
activities, infrastructure, hostel upgrades as well as the development of K4 and Keliber.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.