• Sibanye-Stillwater appoints Mduduzi Bhulose as executive VP for business development.
• The move comes as the miner diversifies into copper, nickel, and lithium.
• Leadership changes follow setbacks in lithium and acquisition projects.

Sibanye-Stillwater, the South African mining group known for platinum group metals and gold, has appointed Mduduzi Bhulose as executive vice president for business development. The appointment, announced on October 1, comes as the company expands into copper, nickel, and lithium.

The company said Bhulose will support growth and strategic partnerships but did not provide further details. A mining engineer by training, Bhulose previously worked at Anglo American and at the Public Investment Corporation (PIC), where he oversaw the mining portfolio of the state-owned asset manager, a shareholder in several South African mining firms.

“We (…) welcome Mdu to Sibanye-Stillwater, to guide the next part of our journey, as we continue to deliver superior shared value for all stakeholders,” said CEO Richard Stewart, who officially succeeded Neal Froneman on the same day after 12 years at the helm.

Bhulose replaces Andrew Brady, who has led business development since July 2025 and will remain with the company until year-end to ensure a smooth transition. The management reshuffle comes as Sibanye-Stillwater faces challenges in executing its growth strategy.

In February 2025, the company withdrew from the Rhyolite Ridge lithium-borate project in the United States. Its Keliber lithium project in Finland saw its budget increase by 17% in May 2025. The group also faces a pending court ruling on damages related to the canceled 2022 acquisition of the Santa Rita and Serrote nickel mines in Brazil, after being found liable in October 2024.