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SIBANYE GOLD LIMITED - Unprotected strike action over illegal mining at Cooke operations

Release Date: 09/06/2017 13:17
Code(s): SGL     PDF:  
Wrap Text
Unprotected strike action over illegal mining at Cooke operations

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”, “the Company” and/or “the Group”)


Unprotected strike action over illegal mining at Cooke operations

Westonaria, 9 June 2017: Sibanye (Tickers JSE: SGL and NYSE: SBGL) wishes to
report illegal and unprotected industrial action at its Cooke operations
(“unprotected strike”), following the implementation of measures to combat
illegal mining which threaten the sustainability of the Cooke operations and pose
a significant risk to the safety of employees and the surrounding communities.

Despite communication with employees and agreement from the National Union of
Mineworkers (“NUM”), the majority union, employees at Cooke embarked on the
unprotected strike prior to the nightshift on Tuesday 6 June 2017. The strike has
been associated with a significant amount of threats and intimidation and sixteen
employees have regrettably been seriously assaulted whilst attempting to report
for work.

Due to the intimidation and violence, we have increased security in the areas
surrounding the mines and routes to the operations in order to ensure the safety
of employees who wish to report for work.

An interdict against the strike was applied and granted by the Labour court on 8
June 2017. Despite the interdict and direct communication of the consequences of
persisting with the strike, employees have not returned to work. As a result,
dismissal procedures have been implemented against striking employees.

“Illegal mining is a significant threat, not only to the safety of our employees
and surrounding communities, but to the viability of operations. Despite adequate
communication with employees and agreement with the major unions, this strike
action supports our view that there is significant collusion taking place
throughout the industry that supports this illegal and dangerous activity. 71
illegal miners have surfaced from underground and been arrested since the
unprotected strike started, highlighting the extent of the problem. We condemn
any violence and intimidation against employees and will take appropriate action
against any perpetrators”, commented Wayne Robinson, CEO of Sibanye’s Gold
Division.


ENDS

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

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



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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. Forward-looking statements may be identified by the use of
words such as “target”, “will”, “forecast”, “expect”, “potential”, “intend”,
“estimate”, “anticipate”, “can” and other similar expressions that predict or
indicate future events or trends or that are not statements of historical
matters. In this announcement, for example, statements related to expected
timings of the Rights Offer, are forward-looking statements. The forward-looking
statements set out in this announcement involve a number of known and unknown
risks, uncertainties and other factors, many of which are difficult to predict
and generally beyond the control of Sibanye, that could cause Sibanye’s actual
results and outcomes to be materially different from historical results or from
any future results expressed or implied by such forward-looking statements. These
forward-looking statements speak only as of the date of this presentation.
Sibanye 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 presentation or to reflect the occurrence of unanticipated events,
save as required by applicable law.




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