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SIBANYE GOLD LIMITED - Significant progress made by Sibanye-Stillwater, organised labour and Department of Mineral Resources

Release Date: 29/06/2018 17:03
Code(s): SGL     PDF:  
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Significant progress made by Sibanye-Stillwater, organised labour and Department of Mineral Resources

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

Significant progress made by Sibanye-Stillwater, organised labour and Department
of Mineral Resources on addressing Safety and Health

Johannesburg, 29 June 2018. Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL)
the Department of Mineral Resources and organised labour comprising Association of
Mineworkers and Construction Union (AMCU), National Union of Mineworkers (NUM),
Solidarity and United Association of South African (UASA) reached a significant
milestone at the second Safety and Health Summit convened by the Group, by
committing themselves to a joint pledge on safety (the Safety Pledge) and a plan
of action to address health and safety at Sibanye-Stillwater.

This Safety and Health Summit follows engagements on the health and safety of
workers between the stakeholders, following a deterioration in the safety
performance at Sibanye-Stillwater’s SA gold operations in 2018. The parties have
committed to working together to make the workplaces safer; protect jobs and
collaborate on all matters pertaining to the health, safety and wellbeing of
workers.

The Safety Pledge establishes the scope and spirit in which stakeholders agree to
work further towards achieving Zero Harm.

‘As Organised Labour, the DMR and the Management of Sibanye-Stillwater, we
acknowledge the parties statutory obligation and workers right that our destiny is
shared and commit ourselves, through constructive, transparent collaboration and
compliance, to achieving Zero Harm’.

Health and Safety Plan of Action:

-   Enabling safe workplaces, compliance and the right of employees to withdraw
    from unsafe workplaces
-   Leadership effectiveness, values and culture transformation
-   Review of safety structures
-   Training and development
-   Research and development (technology, systems and processes)
-   Review of incentive schemes and recognition programmes
-   Trust building, effective engagement and communication

Further engagements to involve all the relevant role players are planned with
operational leadership teams across all Sibanye-Stillwater Operations and cross
sector working groups will be put in place to monitor the implementation of the
Plan of Action. The parties also agreed to partner with Sibanye-Stillwater and its
workers to return those operations to acceptable levels of safety.

CEO, Neal Froneman said, “We are encouraged by the commitment by all the
stakeholders to addressing the safety challenges at our operations. This process
is continuation of activities that are on-going at the operations, to ensure a
step change in safety. The recognition of the shared responsibility on Health and
Safety, and the collaboration of all stakeholders towards a common goal, is a
significant step towards building an industry that is sustainable, and can deliver
value safely.”


Ends.

Investor relations contact:

James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014
Email: ir@sibanyestillwater.com

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


FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements, including “forward-looking
statements” within the meaning of Section 27A of the U.S. Securities Act of 1933
and 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”, “would”, “expect”, “can”, “unlikely”,
“could” and other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These forward-looking
statements, including among others, those relating to our future business
prospects, financial positions, debt position and our ability to reduce debt
leverage, plans and objectives of management for future operations, plans to raise
capital through streaming arrangements or pipeline financing, our ability to
service our Bond Instruments (High Yield Bonds and Convertible Bonds), our ability
to achieve steady state production at the Blitz project and the anticipated
benefits and synergies of our acquisitions are necessarily estimates reflecting
the best judgement of our senior management and 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-Stillwater, that could cause
Sibanye-Stillwater’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. As a consequence, these forward-looking statements
should be considered in light of various important factors, including those set
forth in the Group’s Annual Integrated Report and Annual Financial Report,
published on 2 April 2018, and the Group’s Annual Report on Form 20-F filed by
Sibanye-Stillwater with the Securities and Exchange Commission on 2 April 2018
(SEC File no. 001-35785). These forward-looking statements speak only as of the
date of this announcement. Sibanye-Stillwater 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 announcement or to reflect the
occurrence of unanticipated events, save as required by applicable law.

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