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SIBANYE GOLD LIMITED - Successfully concludes the acquisition of Stillwater

Release Date: 04/05/2017 17:00
Code(s): SGL     PDF:  
Wrap Text
Successfully concludes the acquisition of Stillwater

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 Group”)


Sibanye successfully concludes the acquisition of Stillwater


Westonaria, 4 May 2017: Shareholders are referred to the announcements released
on the stock exchange news service on 25 April 2017 and 26 April 2017, confirming
the approval of the proposed acquisition by Sibanye of the entire issued share
capital of Stillwater Mining Company (“Stillwater”) (the “Transaction”) by the
shareholders of both Sibanye and Stillwater and that the Transaction, at the time
of those announcements, was still subject to certain customary closing conditions
set forth in the Merger Agreement (“Closing Conditions”).

Sibanye is pleased to announce that all the Closing Conditions to the Transaction
have been satisfied or waived, and that Sibanye has successfully concluded the
acquisition of Stillwater.

For more information on the Transaction, please refer to the Sibanye website at
https://www.sibanyegold.co.za/investors/transactions/stillwater-
acquisition/overview.


Sibanye Investor Relations Contact:


James Wellsted
SVP Investor Relations
Sibanye Gold Limited
+27 (0) 83 453 4014
james.wellsted@sibanyegold.co.za


Sponsor
J.P. Morgan Equities South Africa Proprietary Limited


Forward-looking Statements
This announcement includes “forward-looking statements” within the meaning of the
“safe harbour” provisions of the United States Private Securities Litigation Reform
Act of 1995.


These forward-looking statements, wherever they may occur in this announcement,
are necessarily estimates reflecting the best judgment of the senior management
and directors of Sibanye, and involve a number of known and unknown risks and

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uncertainties that could cause actual results, performance or achievements of the
Sibanye 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 that could cause the actual
results to differ materially from estimates or projections contained in the
forward-looking statements. Further details of potential risks and uncertainties
affecting Sibanye are described in Sibanye’s filings with the JSE and the SEC,
including in Sibanye’s Annual Report on Form 20-F, for the fiscal year ended 31
December 2016 and the Integrated Annual Report 2016. These forward-looking
statements speak only as of the date of this announcement. Neither Sibanye nor
Stillwater undertake any obligation to update publicly or release any revisions
to these forward-looking statements to reflect events or circumstances after the
date of this announcement or to reflect the occurrence of unanticipated events,
except as required by law.


About Sibanye Gold Limited
Sibanye is an independent mining group domiciled in South Africa. It currently
owns and operates gold, uranium and platinum group metals (“PGMs”) operations and
projects throughout the Witwatersrand Basin and the western limb of the Bushveld
Complex in South Africa.     In addition, Sibanye is a 50 percent joint venture
partner in Mimosa, a PGM operation in Zimbabwe. Sibanye is the largest individual
South African producer of gold, one of the ten largest gold producers globally
and the world’s fifth largest producer of PGMs. Sibanye’s corporate office is
located close to Westonaria, in the province of Gauteng, near its West Wits
operations. Sibanye’s shares are traded on the JSE under the symbol “SGL” and its
American Depositary Receipts are traded on the NYSE under the symbol “SBGL”.


About Stillwater Mining Company
Stillwater Mining Company is the only U.S. miner of PGMs and the largest primary
producer of PGMs outside of South Africa and the Russian Federation. PGMs are rare
precious metals used in a wide variety of applications, including automobile
catalysts, fuel cells, hydrogen purification, electronics, jewelry, dentistry,
medicine and coinage. Stillwater is engaged in the development, extraction and
processing of PGMs from a geological formation in south-central Montana recognized
as the J-M Reef. The J-M Reef is the only known significant source of PGMs in the
U.S. and the highest-grade PGM resource known in the world. Stillwater also
recycles PGMs from spent catalytic converters and other industrial sources.
Stillwater owns the Marathon PGM-copper deposit in Ontario, Canada, and the Altar
porphyry copper-gold deposit located in the San Juan province of Argentina.




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