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                             August 23, 2023

       Charl Keyter
       Chief Financial Officer
       Sibanye Stillwater Limited
       Constantia Office Park
       Bridgeview House, Building 11, Ground Floor
       Cnr 14th Avenue & Hendrik, Potgieter Road
       Weltevreden Park, 1709
       South Africa

                                                        Re: Sibanye Stillwater
Limited
                                                            Form 20-F for the
Fiscal Year ended December 31, 2022
                                                            Filed April 24,
2023
                                                            File No. 333-234096

       Dear Charl Keyter:

              We have reviewed your filing and have the following comments. In
some of our
       comments, we may ask you to provide us with information so we may better
understand your
       disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Form 20-F for the Fiscal Year ended December 31, 2022

       Mineral Resources and Mineral Reserves Report, page RR-1

   1.                                                   Please disclose the
point of reference that has been utilized in estimating your mineral
                                                        resources (e.g. in
situ, mill feed, or saleable product), and specify the extent to which
                                                        deductions have been
made for mining losses, dilution, and processing losses to comply
                                                        with Item 1303(b)(3)(v)
and Item 1304(d)(1) of Regulation S-K.
       Exhibits, page 64

   2.                                                   We have identified
various disclosure deficiencies in the documents filed as exhibits 96.1
                                                        and 96.7 in the
remaining comments in this letter. Please consult with the qualified
 Charl Keyter
Sibanye Stillwater Limited
August 23, 2023
Page 2
         persons involved in preparing the Technical Report Summary for each
project and arrange
         to obtain and file amendments to these exhibits to resolve the
concerns.
96.1 Technical Report Summary of US PGM Operations, page 65

3.       The abridged cash flow information presented in Table 63 on page 255
should be
         modified or expanded to include further details to comply with Item
601(b)(96)(iii)(B)(19)
         of Regulation S-K, i.e. a cash flow forecast showing annual production
for the life of the
         project and the associated revenue, operating and capital costs,
taxes, and royalties.
96.7 Technical Report Summary of Keliber Lithium Project, page 66

4.       The report should include conversions and explanations of conversions
associated with
         lithium content and lithium quantities, such as Li%, Li2O, lithium
carbonate equivalent
         (LCE), and lithium hydroxide (LiOH).
5.       The disclosure in Table 12-2 on page 149, indicating the total ore
production is expected
         to be 12.5 million tonnes, and the disclosure in Table 11-9 on page
144, indicating the
         declared mineral reserve is 8.20 million tonnes, should be modified as
necessary to clarify
         or resolve this apparent inconsistency.
6.       The disclosure on page 207, indicating there is demand for the 4.5%
spodumene
         concentrate in Europe even though it is not a typical product, should
be expanded to
         include further details of the market studies that were performed
relative to demand and
         pricing to comply with Item 601(b)(96)(iii)(B)(16) of Regulation S-K.
7.       The disclosure on page 208 indicates that cash flows presented in
Table 18-2 and Table
         18-3 include underground tonnes that are not in the declared mineral
reserve. However,
         the volumes underlying the economic analysis of a feasibility or
preliminary feasibility
         study should be limited to the estimated mineral reserves based on the
guidance in Item
         1302(e)(3) and 1302(e)(6) of Regulation S-K. The economic analysis and
estimated
         reserves should be revised as necessary to adhere to these
requirements.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

      You may contact John Coleman, Mining Engineer, at 202-551-3610 or Karl
Hiller,
Branch Chief, at 202-551-3686 if you have any questions regarding the comments.



FirstName LastNameCharl Keyter                                Sincerely,
Comapany NameSibanye Stillwater Limited
                                                              Division of
Corporation Finance
August 23, 2023 Page 2                                        Office of Energy
& Transportation
FirstName LastName