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GOLD ONE INTERNATIONAL LIMITED - Gold One, COSATU and NUM Collaborate to Ensure the Sustainability of the Cooke 4 (Ezulwini) Operations

Release Date: 12/11/2012 07:10
Code(s): GDO     PDF:  
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Gold One, COSATU and NUM Collaborate to Ensure the Sustainability of the Cooke 4 (Ezulwini) Operations

Gold One International Limited
Registered in Western Australia under the Corporations Act, 2001 (Cth) with registration number ACN: 094 265 746
(Registered in South Africa as an external company with registration number 2009/000032/10)
ISIN: AU000000GDO5
Share Code on the ASX/JSE: GDO
OTCQX International: GLDZY
("Gold One" or the “company”) 

Gold One, COSATU and NUM Collaborate to Ensure the Sustainability of the Cooke 4 (Ezulwini) Operations

Gold One International Limited advises that the company will lift the operational suspension imposed on 
Cooke 4 on 16 October and will offer employment to workers who were dismissed for participating in illegal
industrial action during October. Workers who cannot be gainfully employed at Cooke 4 due to the unfortunate 
reduction in available positions at the operation will be granted settlement packages. This process is in 
line with the Memorandum of Agreement entered into by Gold One with the National Union of Mineworkers (“NUM”) 
and the Congress of South African Trade Unions ("COSATU”).

Following the mass dismissal of Cooke 4 workers on 15 October 2012, operations at Cooke 4 were
suspended on 16 October 2012 to ensure the safety of remaining employees and assets amidst ongoing
labour unrest in South Africa’s mining industry. Operations at Cooke 4 are now anticipated to resume by the
end of November 2012.

Gold One President and CEO Neal Froneman comments: “The Gold One group is committed to achieving
sustainable production while at the same time addressing the national agenda of creating sustainable jobs.
While it is regrettable that some jobs have been lost, I am pleased that we have been able to offer
employment as far as possible and financially assist workers who remain unemployed.”

ENDS
Johannesburg 
12 November 2012 

Sponsor
Macquarie First South Capital (Pty) Limited

Issued by Gold One International Limited
www.gold1.co.za

Neal Froneman         President and CEO               +27 11 726 1047 (office) +27 83 628 0226 (mobile)   neal.froneman@gold1.co.za

Grant Stuart          VP Investor Relations           +27 11 726 1047 (office) +27 82 602 5992 (mobile)   grant.stuart@gold1.co.za

Carol Smith           Investor Relations              +27 11 726 1047 (office) +27 82 338 2228 (mobile)   carol.smith@gold1.co.za

Derek Besier          Farrington National Sydney      +61 2 9332 4448 (office) +61 421 768 224 (mobile)   derek.besier@farrington.com.au




About Gold One
Gold One is a dual listed (ASX/JSE: GDO) mid-tier mining group with gold operations and gold and uranium prospects across Southern
Africa. Gold One remains focused on developing and mining low technical risk, high margin precious metal resources in diversified
jurisdictions. The company’s flagship Modder East gold mine, commissioned in 2009, distinguishes itself from most other gold mines
in South Africa owing to its shallow nature (300 to 500 metres below surface) and continues to ramp up production, having produced
123,179 ounces in 2011.

At the beginning of 2012, the group expanded further with the acquisition of the Cooke 1, 2 and 3 Underground Operations and the
Cooke surface assets (Randfontein Surface Operations) located in the West Rand, 30 kilometres from Johannesburg. The Cooke
Underground Operations continue to deliver in line with expectations and are currently the subject of a turnaround intervention.
Through Gold One’s purchase of Rand Uranium (Pty) Limited, the group has also acquired one of the world’s most advanced uranium
projects, which envisages recovering uranium, gold and sulphur from the Cooke Tailings Dam and underground ores.

During mid-2012 Gold One also completed its transaction with First Uranium Corporation and acquired 100% of the Ezulwini Mining
Company (Pty) Limited, giving the company access to gold and uranium processing plants with nameplate capacities of 200,000 and
100,000 tonnes per month respectively. Ezulwini is contiguous to the company’s Cooke Underground and Randfontein Surface
operations. Access to the uranium production facility will allow for near term production of uranium from underground ore mined at

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Cooke. In addition, the sharing of services between Ezulwini and the Cooke Underground Operations will facilitate a reduction in
operating costs. An integrated plan has been developed which will see Ezulwini being incorporated into the greater Cooke
Underground Operations as Cooke 4 Shaft.

The Gold One group is majority-owned by a consortium comprising Baiyin Non-Ferrous Group Co. Limited, the China-Africa
Development Fund, and Long March Capital Limited, and has an issued share capital of 1,416,538,989 shares.

This news release does not constitute investment advice. Neither this news release nor the information contained in it constitutes an
offer, invitation, solicitation or recommendation in relation to the purchase or sale of securities in any jurisdiction.

Forward-Looking Statement
This release includes certain forward-looking statements and forward-looking information. All statements other than statements of
historical fact included in this release including, without limitation, statements regarding future plans and objectives of Gold One
International Limited are forward-looking statements (or forward-looking information) that involve various risks, assumptions and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual values, results and future events
could differ materially from those anticipated in such statements. Important factors could cause actual results to differ materially
from Gold One’s expectations. Such factors include, among others: the actual results of exploration activities; actual results of
reclamation activities; the estimation or realisation of mineral reserves and resources; the timing and amount of estimated future
production; costs of production; capital expenditures; costs and timing of the development of Modder East and new deposits;
availability of capital required to place Gold One’s properties into production; the ability to obtain or maintain a listing in South
Africa, Australia, Europe or North America; conclusions of economic evaluations; changes in project parameters as plans continue to
be refined; future prices of gold and other commodities; possible variations in ore grade or recovery rates; failure of plant,
equipment or processes to operate as anticipated; accidents; labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals, permits or financing or in the completion of development or construction activities, economic
and financial market conditions; political risks; Gold One’s hedging practices; currency fluctuations; title disputes or claims
limitations on insurance coverage. Although Gold One has attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.

Any forward-looking statements in this release speak only at the time of issue. There can be no assurance that such statements will
prove to be accurate as actual values, results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. Gold One does not undertake to update any
forward-looking statements that are included herein, or revise any changes in events, conditions or circumstances on which any such
statement is based, except in accordance with applicable securities laws and stock exchange listing requirements.

Date: 12/11/2012 07:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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