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Beatrix 4 Shaft To Resume Production
Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye Gold”)
Beatrix 4 Shaft To Resume Production
Westonaria, 21 February 2013: Sibanye Gold Limited (Sibanye Gold)
(JSE, NYSE: SGL) wishes to inform all stakeholders, that partial
production will resume at Beatrix 4 Shaft (previously the Oryx
Mine), on Monday 25 February 2013.
Operations at Beatrix 4 Shaft were suspended by Sibanye Gold
management on Wednesday 20 February 2013, following a fire which
affected a meaningful part of Beatrix 4 Shaft. Beatrix management
has isolated and plugged the affected area and carbon monoxide
and carbon dioxide levels are declining at a rate which suggests
that operations in the unaffected areas may resume as early as
Monday.
The fire, affecting 2 700m2 of the Zone 5 production area, while
isolated, has not yet been extinguished and the area will remain
contained until the fire is dormant and the full extent of the
damage will then be assessed. Management estimates that 32kg
(1 029oz) of production will be lost during the four day
suspension of operations and approximately 61kg (1 961oz) will be
lost from the affected area every month that production does not
take place.
Beatrix 4 Shaft produces approximately 218kg (7 011oz) of gold
per month or 24% of the total produced by the entire Beatrix
Operations (approximately 898kg or 28 869oz per month), the
affected area, comprises some 24% of production at Beatrix 4
shaft. The Beatrix 4 Shaft Section generated an Operating Loss of
R93 million (a R155 million loss after capex) in 2012.
Further updates will be released when possible
Contact:
James Wellsted
Head of Corporate Affairs
Sibanye Gold Limited
+27 83 453 4014
james.wellsted@sibanyegold.co.za
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Date: 21/02/2013 03:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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