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    SSW   ZAE000259701

SIBANYE STILLWATER LIMITED

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Global mining trade group's members report 44 deaths in 2020

06/08/2021 | 08:03am EDT

LONDON, June 8 (Reuters) - Members of the International Council on Mining and Metals (ICMM) recorded 44 deaths in 2020, compared with 287 in 2019, when the collapse of a mining dam in Brazil killed 270 people.

Mining companies are under pressure from shareholders and governments to meet their own environmental, social, and governance standards (ESG). Some have begun tying executives' bonuses directly to measurable ESG outcomes.

ICMM, which had 28 members in 2021 including the world's biggest listed miners BHP and Rio Tinto , has published their safety performance since 2012 to improve internal reporting and foster a culture of openness.

"As an industry we must do better. 44 people lost their lives whilst at work in 2020 which is a stark reminder of the relentless efforts required to eliminate fatalities and achieve our goal of zero harm," ICMM Chief Executive Rohitesh Dhawan said.

Before 2012 there was no reliable global data on deaths in one of the world's most dangerous jobs, where workers face a range of hazards both above and beneath the ground.

The collapse of a Vale dam in 2019, which unleashed an avalanche of mining waste on the Brazilian town of Brumadinho, pushed boardrooms to shake up the structure and skillset of their senior management to further improve controls.

South Africa had the highest number of fatalities last year, accounting for 50% of the deaths recorded by London-based ICMM.

Precious metals producer Sibanye-Stillwater recorded nine deaths, followed by diversified miner Glencore with eight, ICMM said.

"We are continually working on our safety to try and get to zero harm in the workplace," a Sibanye spokesperson told Reuters.

"We did have a regression in the safety at our gold operations last year...we are trying to address it and we are seeing improvements," the spokesperson added.

In its Sustainability Report 2020, Glencore said it would this year relaunch its 2013 SafeWork initiative to eliminate fatalities and serious injuries, after undertaking a review in 2020.

"All loss of life is unacceptable and we are determined to eliminate fatalities across our business," it said.

(Reporting by Clara Denina in London; Additional reporting by Tanisha Heiberg in Johannesburg; Editing by Alexander Smith, Louise Heavens and Jonathan Oatis)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -2.45% 46.52 End-of-day quote.9.64%
DOW JONES AFRICA TITANS 50 INDEX -0.93% 525.56 Delayed Quote.-0.77%
DOW JONES SOUTH AFRICA(ZAR) -1.01% 1905.73 Delayed Quote.8.05%
GLENCORE PLC -3.47% 295 Delayed Quote.27.70%
RIO TINTO GROUP -1.24% 5809 Delayed Quote.6.20%
S&P AFRICA 40 INDEX -1.27% 168.56 Delayed Quote.-2.69%
S&P GSCI PRECIOUS METALS INDEX -0.85% 2348.354 Delayed Quote.-6.10%
SIBANYE STILLWATER LIMITED 2.46% 59.13 End-of-day quote.-1.45%
VALE S.A. 3.01% 109.09 End-of-day quote.24.75%
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Financials
Sales 2021 177 B 12 370 M 12 370 M
Net income 2021 55 288 M 3 871 M 3 871 M
Net cash 2021 35 979 M 2 519 M 2 519 M
P/E ratio 2021 3,09x
Yield 2021 11,0%
Capitalization 175 B 12 198 M 12 223 M
EV / Sales 2021 0,78x
EV / Sales 2022 0,64x
Nbr of Employees 66 275
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Number of Analysts 11
Average target price 87,44 ZAR
Last Close Price 59,13 ZAR
Spread / Highest target 86,0%
Spread / Average Target 47,9%
Spread / Lowest Target 4,85%
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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
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