Sibanye-Stillwater chief executive Richard Stewart has pivoted the group away from its earlier global diversification strategy back toward its South African PGM operations and a planned doubling of chrome output.
South African mining production fell 4% year-on-year in June 2026, Stats SA data published on 13 August showed, worse than the 3.3% decline analysts had forecast.
Tharisa produced 39,600oz of PGMs in its third quarter to June 2026, up from 34,300oz, and kept full-year guidance, while warning that chrome prices had eased on weaker stainless steel demand.
Valterra Platinum's annual reporting suite said the hydrogen economy was set to be a broad, strongly growing demand sector for the PGMs it produces, citing partnerships with TotalEnergies and Johnson Matthey.
Tharisa set FY2026 guidance of 145,000 to 165,000 oz of PGMs and 1.5 to 1.65 million tonnes of chrome concentrate, building on a strong fourth quarter at its South African mine.
Tharisa has guided FY2026 production of 145,000 to 165,000 ounces of platinum group metals and up to 1.65-million tonnes of chrome concentrate, building on a strong fourth quarter at its South African mine.
Financing · PGMsTharisa prices $300m bond to finish Karo Platinum project in Zimbabwe$300mPending
Acquisition · PGMsNortham Platinum opens sale process after unsolicited approach, reportedly from Valterra—Announced
Disposal · PGMsAnglo American sells its last 19.9% of Valterra Platinum for R44.1bn$2.5bnCompleted
JSE: IMPPGMsImplatsOne of the world's largest PGM producers, incorporated in 1966 and headquartered in Illovo, Johannesburg. Implats mines on the two richest PGM ore bodies, South Africa's Bushveld Complex and Zimbabwe's Great Dyke, and also runs Impala Refining Services, which toll-treats metal for other producers.
JSE: NPHPGMsNortham PlatinumA JSE-listed PGM producer founded in 1977 that has grown into a mid-tier miner with its own smelter and base metals removal plant. In August 2026 it disclosed an unsolicited, non-binding approach from another South African PGM producer and opened a competitive process for corporate or asset-level offers.
JSE: SSWPGMsSibanye-StillwaterJohannesburg-based precious metals group built through a run of acquisitions after Gold Fields spun off its older South African gold mines in the early 2010s. It is one of the world's largest primary producers of platinum, palladium and rhodium and a major gold producer. Richard Stewart, who succeeded founding CEO Neal Froneman, has put further dealmaking on hold in favour of cost cuts and organic projects.
LSE: THSPGMsTharisaDual PGM and chrome producer founded in 2008 and incorporated in Cyprus, listed on both the London and Johannesburg exchanges. Its integrated model markets chrome concentrate alongside platinum group metals from the same ore.
