SIBANYE GOLD LIMITED - Sibanye Gold enters into Section 189 consultations on the future of the Cooke 4 Mine

Sibanye Gold enters into Section 189 consultations on the future of the Cooke 4 Mine

Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye” or “the Company”)

SIBANYE GOLD ENTERS INTO SECTION 189 CONSULTATIONS ON THE FUTURE OF
THE COOKE 4 MINE

Westonaria 12 September 2014: Sibanye Gold (JSE: SGL & NYSE: SBGL)
advises shareholders that a consultation process in terms of section
189A of the Labour Relations Act 66 of 1995 ("LRA") will be entered
into with organised labour and other relevant stakeholders, in order
to   initiate  formal   consultations   aimed  at   identifying  and
implementing sustainable solutions to ensure delivery of the
required productivity and profitability levels at the Cooke 4 mine.

The Cooke assets were primarily acquired for the significant gold
and uranium mineral resources and reserves associated with the
surface tailings material. These resources are critical in bringing
to account Sibanye’s West Rand Tailings Retreatment Project or
(“WRTRP”).

The Section 189 process involves a 60 day consultation period with
trade unions and affected employees, facilitated by the CCMA.
Sibanye entered into a similar process at Beatrix West Section in
April 2013 following an underground fire which threatened the
viability of the operation. Remedial action and restructuring
undertaken following the section 189 consultation process, resulted
in a significant improvement in profitability at Beatrix West
Section and an extension of its forecast operating life.

The Cooke 1, 2 and 3 mines continue to operate in line with
forecasts and will not be directly affected by the Section 189
process at Cooke 4.


ENDS


Contact

James Wellsted
Head of Investor Relations
Sibanye Gold Limited
+27 83 453 4014
james.wellsted@sibanyegold.co.za

Sponsor

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

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