Wrap Text
Appointment of Directors
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” or “Sibanye Gold”)
Appointment of Directors
Johannesburg, 18 December 2019: In terms of Section 3.59 of the Listings Requirements of the JSE
Limited, Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) is pleased to announce the appointment
of Messrs Wang Bin and Lu Jiongjie as Non-Independent, Non-Executive Directors to the Company’s
Board with effect from 1 January 2020. The appointments are pursuant to a written merger agreement
entered into in August 2013 between Sibanye Gold and Gold One International Limited (“Gold One”)
for the acquisition by Sibanye Gold of Gold One’s Cooke and Ezulwini Operations.
Mr Wang Bin has over 20 years of experience in engineering management, operational leadership,
project development, and corporate business development in the mining and metals industry. He is
currently the deputy general manager of Baiyin Nonferrous Group Co. Ltd, in charge of the overseas
investments and assets management. Baiyin is one of the leading mining companies in China with
businesses comprising mining, processing, smelting and refining, downstream manufacturing, research
& development, investment and trading. Mr. Wang Bin was previously the project director for the
acquisition of the 40% minority shareholders’ equity of Gold One Group Limited.
Mr Lu Jiongjie is currently the General Manager of Baiyin International Investment Ltd which he
established in 2013 as Baiyin’s platform for overseas investment and management, and grew to the
current size of approximately US$400m investments under management and US$800m debt financing
under management, on behalf of Baiyin Group. He previously worked as an Associate and Director of
Long March Capital wherein he participated in the various mining transactions, including a $635m
investment by a Chinese consortium led by Baiyin in 2011 to acquire Gold One.
The Board welcomes Messrs Bin and Jiongjie to the Company and looks forward to their valuable
contribution.
ENDS
Contacts:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited
FORWARD LOOKING STATEMENTS
The information in this announcement may contain 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, including, among others, those relating to Sibanye Gold
Limited’s (trading as Sibanye-Stillwater) (“Sibanye-Stillwater” or the “Group”) financial
positions, business strategies, plans and objectives of management for future operations, are
necessarily estimates reflecting the best judgment of the senior management and directors of
Sibanye-Stillwater.
All statements other than statements of historical facts included in this announcement may be
forward-looking statements. Forward-looking statements also often use words such as “will”,
“forecast”, “potential”, “estimate”, “expect” and words of similar meaning. By their nature,
forward-looking statements involve risk and uncertainty because they relate to future events and
circumstances and should be considered in light of various important factors, including those set
forth in this disclaimer and in the Group’s Annual Integrated Report and Annual Financial Report,
published on 29 March 2019, and the Group’s Annual Report on Form 20-F filed by Sibanye-Stillwater
with the Securities and Exchange Commission on 5 April 2019 (SEC File no. 001-35785). Readers are
cautioned not to place undue reliance on such statements.
Date: 18-12-2019 03:25:00
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