Sibanye-Stillwater updated stakeholders on the repairs at its Siphumelele shaft at its Rustenburg operation and its end-of-life 4 Belt (4B) shaft at its Marikana operation. On 29 February 2024, damage to surface infrastructure at the Siphumelele shaft resulted in the suspension of production from the shaft. The incident occurred when an ore collector bin attached to the shaft headgear sheared off and fell to the ground, damaging a surface ore conveyor belt system.

There were no injuries as a result of the incident, however, the incapacitation of the ore collector bin and the collapse of the conveyor system necessitated the suspension of production and employees were placed on leave while the damage was assessed and repair work commenced. Repairs at the Siphumelele shaft have progressed according to schedule. All employees returned from leave on 15 April 2024 for start-up procedures.

The shaft is on schedule to resume production during May 2024, as planned. The Siphumelele shaft was forecast to produce an average of approximately 4,500 4Eoz per month or 54,000 4Eoz planned for 2024, which accounts for approximately 3.5% of annual production from the SA PGM operations (excluding third-party processing and Mimosa).