SIBANYE GOLD LIMITED - Strike called at Driefontein by AMCU, suspended pending Labour Court ruling

Strike called at Driefontein by AMCU, suspended pending Labour Court ruling

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”)

Strike called at Driefontein by AMCU, suspended pending Labour
Court ruling.

Westonaria, 23 January 2014: Sibanye Gold (JSE: SGL & NYSE: SBGL)
advises stakeholders that the Labour Court has postponed for 10
days, judgment on the interdict application brought by the
Chamber of Mines and some of its members, including Sibanye Gold,
against the strike notice issued by the Association of
Mineworkers and Construction Union (AMCU) on Monday 20 January
2014.

Furthermore, the Labour Court has prohibited AMCU from engaging
in or promoting a strike, pending judgment on 30 January 2014.

Attendance at all Sibanye Gold’s operations was normal this
morning.

It is unfortunate however that there were two operational
incidents at the Driefontein Operations on 22 January 2014. In
the first incident, employees at Driefontein’s Hlanganani (number
5) shaft were apprehended sabotaging a rail line, which resulted
in tramming equipment being derailed. In a separate incident, a
fire broke out at one of the more marginal, low grade shafts,
necessitating the withdrawal of operating crews from the area.
We have suspended crews in the affected areas pending the outcome
of further investigations.

Should sabotage be proven, appropriate disciplinary action will
be taken and if the perpetrators are found to be members of a
union or association, we will not hesitate to claim for damages
and losses from that union or association, as these are illegal
strike activities.

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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