Sibanye Stillwater Annual Equity-Accounted Investees & Mimosa Mining Report

Document Date: 2025-03-13T06:03:11.538Z

This report provides a comprehensive review of the share of results from equity-accounted investees after tax between 2018 and 2023, with a specific focus on the values attributable to Mimosa Mining. The data is derived from Sibanye Stillwater’s annual reports, with details extracted from key sections and notes within each report.

Executive Summary

• 2018:

  • Total Share of Results (After Tax): R344.2 million

  • Mimosa Mining Contribution: Not available

  • Note: The report provided overall figures for equity-accounted investees but did not itemize the contribution from Mimosa Mining.

• 2019:

  • Total Share of Results (After Tax): R721 million

  • Mimosa Mining Contribution: R377 million (reflecting a 50% attributable share)

  • Note: Clear disclosure provided a breakdown by investee.

• 2020:

  • Total Share of Results (After Tax): R1,700 million

  • Mimosa Mining Contribution: R1,300 million

  • Note: Significant growth was driven by the strong performance of Mimosa Mining and detailed disclosure in the report.

• 2021:

  • Total Share of Results (After Tax): Detailed in full disclosures

  • Mimosa Mining Contribution: Not specifically extracted

  • Note: A targeted search did not yield a distinct numeric value, suggesting a gap in reported details regarding Mimosa Mining.

• 2022:

  • Total Share of Results (After Tax): Reported within broader financial disclosures

  • Mimosa Mining Contribution: Requires further review

  • Note: The specific numeric value attributable to Mimosa Mining was not clearly extracted from the available excerpts.

• 2023:

  • Total Share of Results (After Tax): Loss of R1,174 million

  • Mimosa Mining Contribution: Loss of R1,479 million

  • Note: The overall performance turned negative, largely due to the losses recorded from Mimosa Mining.

Detailed Data Table

Trends & Insights

1. Growth & Contribution (2018-2020):

   • The data shows that the total share of results from equity-accounted investees increased from 344.2 million Rands in 2018 to 1,700 million Rands in 2020.

   • Mimosa Mining’s significant contributions in 2019 (R377 million) and in 2020 (R1,300 million) indicate its important role within the equity accounting portfolio.

2. Data Gaps (2021-2022):

   • While overall annual disclosures for these years are available, specific breakdowns isolating Mimosa Mining’s contribution were either not extracted or suggested an additional review for precise figures.

3. Turnaround to Loss (2023):

   • In 2023, the overall results turned into a loss, with a reported loss of R1,174 million.

   • The loss attributable to Mimosa Mining was even greater (R1,479 million), underscoring a significant downturn relative to previous positive contributions.

References

• Sibanye Stillwater 2018 Annual Report

• Sibanye Stillwater 2019 Annual Report

• Sibanye Stillwater 2020 Annual Report

• Sibanye Stillwater 2021 Integrated Report

• Sibanye Stillwater 2022 A.G.M. & Summarised Financials

• Sibanye Stillwater 2023 Integrated Report

Conclusion

The analysis demonstrates a marked evolution in the financial contribution of equity-accounted investees over the period under review. Early years (2018–2020) revealed strong performance and growth, principally driven by Mimosa Mining. However, the recent data from 2023 indicates a period of financial downturn with substantial losses. For the years 2021 and 2022, further detailed review of the full annual reports is recommended to obtain precise breakdowns for Mimosa Mining. This information is essential for stakeholders and analysts aiming to understand the strategic financial performance within the mining industry.

For further details, please consult the original Sibanye Stillwater annual reports via the provided links.

Detailed Version

Sibanye Stillwater 2018 Annual Report: Equity-Accounted Investment Returns

Overview

The 2018 annual report for Sibanye Stillwater provides a consolidated view of the results from its equity-accounted investees. One key section – detailed in the Summarised Report and Notice of Annual General Meeting – presents the share of results of equity-accounted investees after tax. This section is crucial for understanding how different investees contributed to the Group’s overall profit, though not every individual investee is given a separately listed figure.

Key Findings

A table extracted from the report displays a breakdown of the share of results of equity-accounted investee after tax:

Note: The report further lists a separate line item for Rand Refinery Proprietary Limited with its own amounts (e.g. 143.7, 124.5, etc.), but no isolated figure for Mimosa Mining appears in this section.

Specific Value for Mimosa Mining

Based on the extracted content from the 2018 report, there is no separate line item or stated value attributable solely to Mimosa Mining. While later annual reports (for example, the 2020 report) detail Mimosa Mining’s contribution to the overall share of results, the 2018 documentation does not provide an isolated figure for Mimosa Mining. For further details on equity-accounted investees and their financial impact, readers are advised to review Note 18 of the Consolidated Financial Statements in the full report.

References

• Summarised Report 2018 and Notice of Annual General Meeting: https://reports.sibanyestillwater.com/2018/download/SGL-NOM18.pdf

Information current as of 2025-03-13T05:53:43.062Z.

Sibanye-Stillwater 2019 Annual Report: Equity-Accounted Investees After Tax

Overview

The 2019 Annual Report details the share of results from equity-accounted investees after tax. The report breaks this performance into contributions from key associations, providing insight into the profitability derived from these ventures.

2019 Equity-Accounted Investee Results

According to the data extracted from the Group Annual Financial Report, the total profit attributable from equity-accounted investees after tax in 2019 was R721 million. This total comprises:

• Mimosa Mining: Sibanye-Stillwater holds a 50% attributable share, resulting in R377 million contribution.

• Rand Refinery: With a 44% interest, this contributed R344 million.

Data Summary

References

For more detailed information, refer to the relevant annual report section available online: Annual Report Document.

Information current as of 2025-03-13T05:54:46.973Z

Sibanye-Stillwater 2020 Annual Report: Equity-Accounted Investees After Tax

Overview

The 2020 Annual Report for Sibanye-Stillwater provides a detailed breakdown of the share of results from equity-accounted investees after tax. This section specifically highlights how profits from associate companies contributed to the Group’s overall results, with significant emphasis on Mimosa Mining and Rand Refinery.

Key Findings

• Total Share of Results: The profit from the share of results of equity-accounted investees after tax amounted to R1,700 million in 2020.

• Mimosa Mining Contribution: Out of this total, R1,300 million was attributable to the 50% share of profits from Mimosa Mining.

• Other Contributions: The remaining R400 million came from the 44% interest in Rand Refinery.

Data Summary

For additional narrative and details, refer to the section in Note 18: Equity-accounted investments within the Consolidated Financial Statements. Source

Additional Information

• The report also noted a reversal of previously recognised impairments amounting to R121 million in 2020, compared to R86 million in 2019.

• These results underline the importance of strategically placed investments and the positive impact of improved profitability and forecasted returns within associate companies.

This information is based solely on verified details from the Sibanye-Stillwater 2020 Annual Report as of the current date (2025-03-13).

Sibanye-Stillwater 2021 Annual Report: Equity-Accounted Investees After Tax Insights

Overview

The Sibanye-Stillwater report provides detailed figures regarding the share of results from its equity-accounted investees after tax. Although the 2021 Annual/Integrated Report does not separately emphasize these figures within a distinct section, related extracted data from the Group Annual Financial Report shows a clear breakdown from a prior period that remains relevant for analysis.

Key Metrics from the Available Data

The available data (sourced from the Group Annual Financial Report for 2020, which forms part of the ongoing annual disclosures) indicates:

• Total Profit from Equity-Accounted Investees After Tax (2020): R1,700 million

• Profit Attributable to Mimosa Mining: R1,300 million (reflecting a 50% attributable share)

• Profit from Other Equity-Accounted Investees (Rand Refinery, 44% interest): R400 million

These figures are provided alongside the previous year (2019) for comparative context:

Actionable Insights

• The dominant portion of the investees' performance in the reported period stems from Mimosa Mining, underscoring its significant contribution to the overall profitability of equity-accounted investments.

• Monitoring such key revenue sources is imperative for understanding shifts in strategic asset performance, which may influence future operational and investment decisions.

References

• Annual Financial Report excerpt providing these figures: Annual Report 2020

Note: The extracted data originates from available disclosures; while the 2021 Annual Report was the initial point of inquiry, the pertinent section on equity-accounted investees after tax was verified within related group financial commentary from prior reporting periods. All information is current as of 2025-03-13T05:56:14.356Z.

Sibanye-Stillwater 2022 Annual Report: Equity-Accounted Investees Results

Overview

The 2022 Annual Report for Sibanye-Stillwater contains a section that breaks down the share of results derived from its equity-accounted investees after tax. This measure is one of the adjustments made when calculating the company’s normalised earnings and provides insight into the performance of investments which are accounted for using the equity method.

Share of Results Details

In the report, the share of results of equity‐accounted investees after tax is integrated into the broader financial disclosures. This section is critical because:

• It forms part of the adjustments in the calculation of normalised earnings,

• It excludes certain one-off items (such as gains and losses on financial instruments, foreign exchange differences, and impairments), and

• It helps investors understand the operating performance by isolating recurring earnings components.

The report outlines these inclusions clearly, enabling stakeholders to gauge the core operational earnings from various investees. For further reference, the Annual Report is available on Sibanye-Stillwater’s reports portal (e.g., Sibanye-Stillwater 2022 A.G.M. & summarised financials).

Mimosa Mining Contribution

While the report explicitly states the share of results of equity-accounted investees after tax, the specific numerical value attributable to Mimosa Mining was not clearly extracted from the available excerpts. This indicates one of the following possibilities:

• The detailed breakdown for Mimosa Mining might be provided in additional sections or notes that were not captured by the initial search,

• The value may be integrated within a table or narrative elsewhere in the full Annual Report, or

• The extract available through the initial pdfSearch did not include this detailed line item.

Investors or researchers looking for the precise figure for Mimosa Mining’s contribution should consider reviewing the full 2022 Annual Report directly from Sibanye-Stillwater’s disclosure portal.

Key Metrics & Next Steps

Recommendations

• Verify the value by accessing the detailed notes in the full Annual Report.

• Review subsequent sections or appendices that might contain a breakdown by investee names.

• Consider contacting Sibanye-Stillwater’s investor relations for clarification.

All information is based on the data available as of 2025-03-13T05:57:08.160Z. For full context and detailed figures, please review the report directly at Sibanye-Stillwater Reports.

Sibanye Stillwater 2023 Annual Report: Equity-Accounted Investees Results

Overview

The 2023 Annual Report details the performance of equity-accounted investees, with a specific focus on the losses and profits recorded after tax. The report shows that the overall result from equity-accounted investees was a loss of R1,174 million (US$64 million) for 2023. A significant portion of this was driven by the performance of Mimosa Mining.

Key Metrics & Findings

The significant loss from Mimosa Mining was primarily driven by a lower estimated value in use, which also resulted in an after tax impairment of property, plant and equipment amounting to R1,384 million (US$75 million).

Summary

Sibanye Stillwater’s 2023 Annual Report highlights an overall loss in the share of results of equity-accounted investees largely due to a major loss from its 50% interest in Mimosa Mining, offset in small part by a profit from Rand Refinery. Detailed data can be found in the integrated report here.

This information is based on verified data as of 2025-03-13T05:58:37.440Z.

Citations

• Sibanye Stillwater 2023 Integrated Report

• Sibanye Stillwater Annual Financial Report 2023

Numeric Value Breakdown for Mimosa Mining in Sibanye Stillwater’s 2021 Annual Report

Search Objective

The goal of the targeted search was to locate and extract the numeric value specifically attributable to Mimosa Mining in the 2021 Annual Report. Keywords used in the search included:

• Mimosa Mining

• equity-accounted investees after tax

• attributable

Search Parameters and Reference Documents

Key Findings

• A targeted pdf search using the aforementioned keywords on the 2021 documents did not yield a clearly extractable, verified numeric value specifically attributed to Mimosa Mining for 2021.

• In contrast, previous year data (e.g., the 2020 Annual Report) showed that Mimosa Mining contributed a figure of R1,300 million as part of the share of results of equity-accounted investees (with a 50% attributable interest). However, this does not directly confirm the 2021 figure.

Gaps and Recommendations

Conclusion

Based on the targeted pdf search, the specific numeric value attributable to Mimosa Mining for 2021 remains undetermined from the available extracted data. While the 2020 Annual Report provides insight (R1,300 million), further review of the 2021 report is recommended to fill this knowledge gap.

Information current as of 2025-03-13T05:59:32.253Z

Inline Citation: SSW Integrated Report 2021

Consolidated Equity-Accounted Investees Results (2018 - 2023)

This information card summarizes the available data on the share of results of equity-accounted investees after tax from 2018 to 2023, with a focus on the values attributable to Mimosa Mining. It highlights key metrics, statistics, and areas where further clarification is recommended. (Source: Sibanye Stillwater Annual Reports - Investor Reports)

Yearly Data Overview

Key Insights

• The reported total share of results grew from 344.2 million Rands in 2018 to 1,700 million Rands in 2020, before transitioning to a net loss in 2023.

• For 2019 and 2020, Mimosa Mining’s contribution was clearly specified, accounting for a notable portion of the total results.

• Data gaps are evident in 2018, 2021, and 2022 where the precise value attributable to Mimosa Mining was either not available or recommended for further review.

Conclusion

The data reveals strong growth in total returns until 2020, with Mimosa Mining emerging as a key contributor. However, subsequent years show difficulties in extracting distinct values for Mimosa Mining, indicating a need for additional review of the reports. Understanding these disparities is crucial for accurate financial analysis and strategic decision-making.

For more comprehensive details, please refer to the official annual reports available at the provided citation.

Sibanye Stillwater Equity Accounted Investees & Mimosa Mining Overview (2018-2023)

Overview

This information card summarizes the performance of Sibanye Stillwater’s equity-accounted investees from 2018 to 2023, with a focus on the contribution or losses attributable to Mimosa Mining. Data is extracted from Sibanye Stillwater’s published annual reports as of the latest available update (2025-03-13).

Key Metrics & Trends

• 2018: Total share of results was 344.2 million Rands (plus additional disclosed components). The specific contribution from Mimosa Mining was not available.

• 2019: Total share of results reached 721 million Rands with Mimosa Mining contributing 377 million Rands based on a 50% attributable share.

• 2020: Recorded a significant increase with total share of results at 1,700 million Rands, of which Mimosa Mining contributed 1,300 million Rands.

• 2021 & 2022: Although full disclosure was provided in the reports, precise figures for Mimosa Mining’s contribution were not clearly extracted, indicating a need for further review for exact numbers.

• 2023: Marked a downturn with the total share of results turning into a loss of 1,174 million Rands, accompanied by a loss of 1,479 million Rands specifically from Mimosa Mining.

Data Table

Conclusions

The data indicates a substantial positive contribution from Mimosa Mining in 2019 and 2020, indicating growth in the overall equity-accounted investees' performance. However, precise data is missing for 2018, 2021, and 2022. By 2023, the trend reversed, with both total results and the specific contribution from Mimosa Mining turning into notable losses.

Source: Sibanye Stillwater Annual Reports (https://www.sibanyestillwater.com)

Equity-Accounted Investees & Mimosa Mining Contribution Trends (2018-2023)

This information card summarizes key insights on the share of results of equity-accounted investees after tax and the specific contribution attributable to Mimosa Mining, based on Sibanye Stillwater’s annual reports. The data includes total values and the Mimosa Mining share where available, highlighting both positive and negative trends over the years.

Key Findings

• 2018:

  • Total share of results (after tax): 344.2 million Rands

  • Mimosa Mining contribution: Data not available

• 2019:

  • Total share of results (after tax): 721 million Rands

  • Mimosa Mining contribution: 377 million Rands (50% attributable share)

• 2020:

  • Total share of results (after tax): 1,700 million Rands

  • Mimosa Mining contribution: 1,300 million Rands

• 2021 & 2022:

  • Although overall figures for equity-accounted investees are disclosed, separate numeric values for Mimosa Mining were not specifically extracted. These years require further review for precise figures.

• 2023:

  • Total share of results (after tax): Loss of 1,174 million Rands

  • Mimosa Mining contribution: Loss of 1,479 million Rands

Detailed Data Table

Actionable Insights

• Trend Analysis: Mimosa Mining showed a strong positive contribution in 2019 and 2020. However, in 2023 both the overall results and the Mimosa Mining share turned negative, indicating a period of significant decline.

• Data Gaps: Further review is recommended for the years 2021 and 2022 as distinct values specific to Mimosa Mining were not extracted.

• Further Reading: For more comprehensive details, you can refer to the Sibanye Stillwater Annual Reports available at Sibanye Stillwater.

Content current as of 2025-03-13T06:02:09.735Z.

Equity-Accounted Investee Results: Focus on Mimosa Mining

This information card summarizes the annual results for Sibanye Stillwater’s equity-accounted investees with a specific focus on the contribution of Mimosa Mining from 2018 to 2023. The data is derived from verified annual reports as available up to March 2025 Source: Sibanye Stillwater Annual Reports.

Key Findings

• 2018: The overall share of results after tax was 344.2 million Rands, with no separate disclosure for Mimosa Mining.

• 2019: Mimosa Mining contributed 377 million Rands out of a total of 721 million Rands after tax.

• 2020: Performance improved markedly with total results of 1,700 million Rands where Mimosa Mining accounted for 1,300 million Rands.

• 2021 & 2022: Full financial disclosures were provided, but specific breakdowns for Mimosa Mining were not distinctly extractable without further detailed note analysis.

• 2023: A notable downturn occurred, recording a loss of 1,174 million Rands overall, with Mimosa Mining experiencing a larger loss of 1,479 million Rands.

Performance Overview Table

Trends & Insights

• Consistent Reporting: Initial years (2018-2020) show distinct and positive contributions from Mimosa Mining, suggesting strong operational performance when compared to the overall investment results.

• Breakdown Difficulty: For 2021 and 2022, while the numbers are part of comprehensive disclosures, specific extraction of Mimosa Mining data is limited without accessing detailed notes in the reports.

• Impact of 2023 Losses: The shift to a loss in 2023 highlights a significant downturn, with Mimosa Mining contributing markedly to the overall negative results in that period.

For additional context or detailed data review, please refer directly to the Sibanye Stillwater Annual Reports here.