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SIBANYE GOLD LIMITED - Update on Beatrix 4 Shaft - Partial Production Resumes

Release Date: 26/02/2013 09:25
Code(s): SGL     PDF:  
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Update on Beatrix 4 Shaft - Partial Production Resumes

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”)

Update on Beatrix 4 Shaft - Partial Production Resumes

Westonaria, 26 February 2013: Sibanye Gold Limited (Sibanye Gold)
(JSE, NYSE: SGL) wishes to confirm that partial production has
resumed 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 sealed off the affected area. Carbon monoxide
and carbon dioxide levels confirm that there is no leakage on the
seals. The morning shift resumed operations in the unaffected
working areas and crews from the affected area have been
redirected to gold recovery activities in older working areas.

The fire, affecting 2 700m2 of the Zone 5 production area, has
not yet been extinguished and management is unsure when it will
be able to resume operations in that area or the extent of the
damage, which may result in partial sterilisation of the ore
body. Management confirms that 32kg (1 029oz) of production has
been lost during the four day suspension of Beatrix 4 shaft
operations and approximately 61kg (1 961oz) will be lost from the
affected area every month that production does not take place.


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

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