v3.26.1
Commitments (Tables)
12 Months Ended
Dec. 31, 2025
Capital commitments [abstract]  
Schedule of commitments
Figures in million - SA rand
2025
2024
2023
Capital expenditure
Authorised
20,326
18,931
26,439
Kloof
5,261
946
1,104
Driefontein
1,558
693
664
Beatrix
1,221
131
144
SGL corporate
327
297
359
Cooke
178
Burnstone
9
199
Kroondal
661
581
Platinum Mile
26
28
30
Rustenburg operation
567
2,514
2,280
Marikana
5,433
5,232
3,138
Sandouville nickel refinery
11
164
Keliber
1,430
4,404
13,470
Other1
4,316
4,014
4,306
Contracted for
9,866
6,983
8,162
Other guarantees2
6,287
3,918
3,647
1Includes authorised capital expenditure relating to DRDGOLD of R4,000 million (2024: R3,700 million, 2023: R3,700 million)
2Included in the amount are guarantees related to the Marikana operations of R2.3 billion (2024: R2.3 billion, 2023: R2.2 billion). The Group has an insurance policy over
these guarantees which includes a pledge of non-financial and financial assets of Sibanye UK, WPL, EPL, Messina Limited and Messina Platinum Mines Limited (collectively
the insured entities) in the event that the insured entities enter liquidation. At 31 December 2025, the insured entities' total assets amounted to R36,085 million which
includes property, plant and equipment of R12,704 million, trade receivables of R2,242 million, inventory of R9,323 million and cash and cash equivalents of R2,187 million.
Management does not expect the policy to be triggered due to the financial position and liquidity of the Group