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SIBANYE GOLD LIMITED - Sibanye Gold confirms notification from AMCU, of intended strike action at Driefontein

Release Date: 20/01/2014 16:00
Code(s): SGL     PDF:  
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Sibanye Gold confirms notification from AMCU, of intended strike action at Driefontein

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”)

Sibanye Gold confirms notification from AMCU, of intended strike
action at Driefontein

Westonaria, 20 January 2014: Sibanye Gold (JSE: SGL & NYSE: SBGL)
advises stakeholders that the Association of Mineworkers and
Construction Union (AMCU), has given notice that it will call on
its members at Sibanye Gold’s Driefontein Operations to strike,
starting with the morning shift on Thursday,23 January 2014.
Certain mines operated by other South African gold producers have
also been issued with strike notices by AMCU.

The AMCU strike notification relates to the 2013 wage
negotiations, which were concluded on 10 September 2013, when a
two-year wage agreement was reached with three of the four unions
(NUM, UASA and Solidarity), representing 72% of unionised gold
industry employees at the time. AMCU, which represented 17% of
employees at that time, participated in the central level
negotiations, but refused to accept the agreement.

Consistent with over 10 years of accepted practice in previous
wage negotiations, the September 2013 agreement was extended by
the Chamber of Mines and made applicable to all employees who
form part of the industry bargaining unit, irrespective of their
trade union affiliation. All AMCU members have been recipients of
and benefited from the annual increase and other benefits agreed
upon in September 2013 and backdated to 1 July 2013.

The strike certificate issued to AMCU by the Council for
Conciliation, Mediation and Arbitration, was granted in September
2013, prior to the agreement being made applicable to all
employees in the bargaining unit.

The Chamber of Mines, on behalf of the gold producers covered in
the wage agreement will immediately be seeking a court interdict
to prevent AMCU members from embarking upon strike action. The
Chamber of Mines will also request that the court recover the
cost of the application from AMCU and that the union be held
responsible for any and all damages suffered as a result of
strike action.

ENDS

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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