SIBANYE GOLD LIMITED - Sibanye confirms resumption of operations at Beatrix

Sibanye confirms resumption of operations at Beatrix

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”, “Sibanye” or “the Company”)

SIBANYE CONFIRMS RESUMPTION OF OPERATIONS AT BEATRIX

Westonaria, 10 February 2015: Sibanye Gold Limited (JSE: SGL &
NYSE: SBGL) is pleased to advise that it has reached formal
agreement with all representative unions at Beatrix, resulting in
commitment from the unions to ensuring peaceful co-existence and
hence a safe working environment. This has allowed management to
resume operations at the affected sections from the evening shift
on Monday 9 February 2015. Management will now focus on
completing its investigations into the cause of the violence in
order to ensure that the perpetrators are identified and
appropriately dealt with.

The unions have agreed, inter alia, to:
   - co-operate fully with the investigation;
   - ensure that their members refrain from any acts of violent
     conduct;
   - ensure the peaceful re-integration of affected employees
     into their places of residence; and
   - participate in future initiatives aimed at ensuring the
     peaceful co-existence of multiple trade unions at Beatrix.

In turn, the Company has agreed, inter alia, to:
   - conduct a thorough investigation into the events of 5 and 6
     February 2015; and
   - institute appropriate disciplinary action against the
     perpetrators of the violence.

Neal Froneman, CEO of Sibanye, commented: “I commend the unions’
leadership on the mature and cooperative approach that they
adopted during a period of high emotion, making the safety and
interests of their members their primary consideration. It is in
the interests of all stakeholders, that the mines are able to
operate safely and in a sustainable manner and this is an
encouraging example of how cooperation and understanding can
result in a mutually beneficial outcome. This mature attitude
bodes well for the future of mining in South Africa”.

Operations at Beatrix were suspended for two working days in the
interest of the safety of its employees. The North and South
sections produce approximately 25 kg (804oz) of gold per day,
implying lost revenue of approximately R11.5 million per day.
Management is confident that this will be recovered during the
course of the year.

“I would also like to commend management at Beatrix for the
strong leadership they demonstrated in dealing with this incident
and securing this agreement, without a further escalation of the
unfortunate violence.” Froneman concluded.

ENDS


Contact

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

Sponsor

Sponsor: J.P. Morgan Equities South Africa Proprietary Ltd

FORWARD LOOKING STATEMENTS
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.

These forward-looking statements, including, among others, those
relating to Sibanye’s future business prospects, revenues and
income, wherever they may occur in this document and the exhibits
to this document, are necessarily estimates reflecting the best
judgment of the senior management of Sibanye and involve a number
of known and unknown risks and uncertainties that could cause
actual results, performance or achievements of the Group to
differ materially from those suggested by the forward-looking
statements. As a consequence, these forward looking statements
should be considered in light of various important factors,
including those set forth in this document. Important factors
that could cause the actual results to    differ materially from
estimates or projections contained in the forward looking
statements include without limitation: economic, business,
political and social conditions in South Africa and elsewhere;
changes in assumptions underlying Sibanye’s estimation of its
current mineral reserves and resources; the ability to achieve
anticipated efficiencies and other cost savings in connection
with past and future acquisitions as well as existing operations;
the success of exploration and development activities; changes in
the market price of gold and/or uranium; the occurrence of
hazards associated with underground and surface gold and uranium
mining; the occurrence of labour disruptions and industrial
action; the availability, terms and deployment of capital or
credit;   changes   in   government   regulations,   particularly
environmental regulations and new legislation affecting water,
mining and mineral rights; the outcome and consequence of any
potential or pending litigation or regulatory proceedings or
other environmental, health and safety issues; power disruptions
and cost increases; fluctuations in exchange rates, currency
devaluations, inflation and other macro-economic factors; the
occurrence of temporary stoppages of mines for safety incidents
and unplanned maintenance reasons; Sibanye’s ability to hire and
retain senior management or sufficient technically skilled
employees, as well as its ability to attract sufficient
historically disadvantaged South Africans representation in its
management   positions;     failure   of  Sibanye’s   information
technology and communications systems; the adequacy of Sibanye’s
insurance coverage; any social unrest, sickness or natural or
man-made disaster at informal settlements in the vicinity of some
of Sibanye’s operations; and the impact of HIV, tuberculosis and
other contagious diseases. These forward looking statements speak
only as of the date of this document.

The Group 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.

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