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No Impact on Production from Eskom Electricity Supply Constraints
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”)
NO IMPACT ON PRODUCTION FROM ESKOM ELECTRICITY SUPPLY CONSTRAINTS
Westonaria, 6 March 2014: Sibanye Gold (JSE: SGL & NYSE: SBGL)
advises shareholders that Eskom has requested it, along with other
large industrial consumers of electricity, to reduce power
consumption by 10%. This follows an initial request to reduce
consumption by 20%, due to a significant loss of generation capacity
from Eskom’s coal fired power stations.
Sibanye Gold has, in cooperation with Eskom, previously developed
contingency plans to accommodate requests of this nature. The
Company is implementing the agreed measures to reduce its power
usage as requested and does not expect to incur any production
losses, unless the situation escalates.
We will continue to assist in the national effort to secure the
electrical grid, while managing the supply constraints to our
business.
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
Certain statements in this document constitute “forward looking
statements” within the meaning of Section 27A of the US Securities
Act of 1933 and Section 21E of the US Securities Exchange Act of
1934.
Such forward looking statements involve known and unknown risks,
uncertainties and other important factors that could cause the
actual results, performance or achievements of the Company to be
materially different from the future results, performance or
achievements expressed or implied by such forward looking
statements. Such risks, uncertainties and other important factors
include among others: economic, business and political conditions in
South Africa and elsewhere; the ability to achieve anticipated
efficiencies and other cost savings in connection with past and
future acquisitions, exploration and development activities;
decreases in the market price of gold and/or copper; hazards
associated with underground and surface gold mining; labour
disruptions; availability, terms and deployment of capital or
credit; changes in government regulations, particularly
environmental regulations and new legislation affecting mining and
mineral rights; changes in exchange rates, currency devaluations,
inflation and other macro-economic factors; industrial action;
temporary stoppages of mines for safety and unplanned maintenance
reasons; and the impact of the AIDS crisis in South Africa. These
forward looking statements speak only as of the date of this
document.
The Company undertakes no obligation to update publicly or release
any revisions to these forward looking statements to reflect events
or circumstances after the date of this document or to reflect the
occurrence of unanticipated events.
Date: 06/03/2014 04:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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