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SIBANYE GOLD LIMITED - Update on Driefontein Power Outage

Release Date: 18/03/2013 16:00
Code(s): SGL     PDF:  
Wrap Text
Update on Driefontein Power Outage

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” or “the Company”)

Update on Driefontein Power Outage

Westonaria, 18 March 2013: On Wednesday 13 March 2013, a failure, post a lightning
strike, at power utility Eskom’s regional 500MVA Midas substation, affected power supply to
Driefontein as well as other gold mines and municipalities in the area. All Driefontein
employees were safely hoisted to surface that evening utilizing backup power sources.
Eskom has managed to reroute power to the area while it commissions a new substation,
which is scheduled for commissioning at the end of March 2013.

On Monday 18 March 2013, production resumed at Driefontein, following the restoration of
200Mva of power which is required to power which is required to power the mine and full
steady state production is expected to be achieved within this week. Management
estimates that production losses, including the three full shifts lost during the power outage
and the ramp up to resume full production, will amount to approximately 294kg (9,452oz)
for the Quarter to 22 March 2013 and approximately 393kg (12,646oz) for the entire period
up to 31 March 2013.

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 (Pty) Ltd

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