Sibanye Stillwater Ltd (Sibanye-Stillwater) is a mining and metals processing company. It produces platinum, palladium, rhodium, and gold. The company also produces and refines iridium, ruthenium, nickel, chrome, copper, and cobalt. Sibanye-Stillwater has diversified into battery metals mining and processing and has increased its presence in the circular economy through recycling and tailings reprocessing. Sibanye-Stillwater's business portfolio includes operations in precious metals mining, battery metals, and recycling. The company operates PGM mining, processing, and recycling operations in Montana, US, including the Stillwater and East Boulder mines. It has a 13.85% equity holding in Generation Mining Ltd and a 48.61% interest in the Altar copper-gold project in Argentina. In battery metals, Sibanye-Stillwater holds a 6.19% interest in ioneer Limited, related to the Rhyolite Ridge lithium and boron project. In Southern Africa, the company consolidated its SA gold and PGM operations into a single structure, with operations in Marikana, Rustenburg, and Kroondal. It also has a 50% interest in the Mimosa operation in Zimbabwe. The company is involved in tailings treatment operations, including the Platinum Mile, Western Limb, Bulk tailings treatment, and Eastern tailings treatment projects. In Europe, the company is developing the Keliber lithium project in Finland. In Australia, it owns the Century zinc operation and is studying the reopening of the Mt Lyell copper mine in Tasmania.

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Sibanye-Stillwater is involved in several R&D initiatives, including partnerships with the University of the Witwatersrand and the University of Johannesburg to research digital technologies and train professionals for the 'mine of the future.' The company is also collaborating with Heraeus Precious Metals to develop novel PGM-containing catalysts for green hydrogen production. Additionally, Sibanye-Stillwater is an active participant in the Mandela Mining Precinct, contributing to programs focused on real-time information management systems and technology adoption centered around people. The R&D units of the company include the Innovation, Digital Transformation, and Technology portfolios. The Innovation unit is responsible for embedding a culture of innovation within the Group. The Digital Transformation unit focuses on deploying digital solutions to enable strategic objectives, while the Technology unit promotes industry-leading technology to support these objectives. In FY2024, the company spent ZAR73.6 million on R&D, which stood at 0.07% as percentage of total revenue.