Sibanye Stillwater Ltd Secures 10‑Year Renewable Power Agreement
Sibanye Stillwater Ltd., the South African mining operator listed on the Frankfurt Stock Exchange, announced on 6 February 2026 that it has signed a ten‑year power purchase agreement (PPA) with energy trader Etana Energy. The deal will supply “wheeled renewable electricity” to Sibanye’s South African operations, aiming to reduce the company’s exposure to escalating power costs and to support its broader decarbonisation strategy.
Key Points of the Agreement
| Item | Detail |
|---|---|
| Partner | Etana Energy, a renewable‑energy trader |
| Term | 10 years |
| Scope | Wheeled renewable electricity for South African operations |
| Purpose | Lower energy cost volatility and accelerate decarbonisation |
The announcement was reported by multiple outlets, including BusinessDay, LSE.co.uk, and ShareNet, confirming that the agreement aligns with Sibanye’s sustainability objectives. The PPA is part of a broader industry trend in which miners are increasingly committing to renewable energy sources to manage cost uncertainty and comply with tightening environmental regulations.
Company Context
- Market Capitalisation: €10,076,819,456
- Price‑to‑Earnings Ratio: 28.88
- Recent Share Price (2026‑02‑05): €3.56
- 52‑Week Range: €0.73 – €4.50
Sibanye Stillwater Ltd. is a South African mining company listed on the Boerse Stuttgart, operating primarily in gold and platinum mining. The firm has historically faced significant power‑price exposure, a common challenge for South African miners. This new renewable PPA represents a strategic step toward mitigating that risk.
Market Reactions
Following the announcement, Sibanye’s shares were observed to trade within the 52‑week low to high range, reflecting a cautious but stable investor response. The market has noted the company’s ongoing efforts to integrate renewable energy into its operations, a development that could enhance long‑term profitability and investor confidence.
Summary
Sibanye Stillwater’s ten‑year renewable power agreement with Etana Energy is a decisive move to secure a stable and environmentally friendly energy supply for its South African mines. The partnership underscores the company’s commitment to reducing operational cost volatility and advancing its decarbonisation agenda, positioning Sibanye favorably within the evolving mining sector landscape.
