Edition:
India

Sibanye Gold Ltd (SGLJ.J)

SGLJ.J on Johannesburg Stock Exchange

1,649.00ZAc
1:59pm IST
Change (% chg)

-51.00 (-3.00%)
Prev Close
1,700.00
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1,682.00
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1,682.00
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1,634.00
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2,297.61
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1,386.27

Latest Key Developments (Source: Significant Developments)

Sibanye-Stillwater and DRDGOLD to create surface mining partnership​
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Sibanye-stillwater ::‍SIBANYE-STILLWATER AND DRDGOLD TO CREATE SURFACE MINING PARTNERSHIP​.SIBANYE-STILLWATER - ‍SIBANYE-STILLWATER TO VEND SELECTED GOLD SURFACE PROCESSING ASSETS AND TAILINGS STORAGE FACILITIES FOR A 38% STAKE IN DRDGOLD​.SIBANYE-STILLWATER - ‍OPTION TO INCREASE EQUITY OWNERSHIP IN DRDGOLD TO 50.1% WITHIN 24 MONTHS​.SIBANYE-STILLWATER - RETAINS FULL OWNERSHIP OF COOKE AND EZULWINI PROCESSING PLANTS AND TAILINGS FACILITIES ENSURING FULL URANIUM OPTIONALITY​.SIBANYE-STILLWATER - ‍IMMEDIATE CRYSTALLISATION OF C.R1.3 BILLION OF VALUE FOR SELECTED ASSETS WHILE RETAINING LONG TERM EXPOSURE TO WEST RAND TAILINGS RETREATMENT PROJECT (WRTRP) ASSETS AND GROWTH IN DRDGOLD​.‍TRANSACTION IS EXPECTED TO CLOSE IN Q2 OF 2018 CALENDAR YEAR​.  Full Article

Sibanye-Stillwater signs 3-yr deal at Kroondal ops‍​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Sibanye-Stillwater :SIBANYE-STILLWATER SIGNS THREE YEAR AGREEMENT AT ITS KROONDAL OPERATIONS‍​.SIGNED A THREE YEAR WAGE AGREEMENT WITH ALL THREE UNIONS AT ITS KROONDAL PGM OPERATIONS IN SOUTH AFRICA.AGREEMENT EFFECTIVE FROM JULY 1, INCLUDES R1,000/MONTH INCREASE YEAR ON YEAR FOR THE NEXT 3 YEARS FOR THE CATEGORY B EMPLOYEES.AGREEMENT INCLUDES CPI RELATED INCREASES FOR THE NEXT 3 YEARS FOR CATEGORY A EMPLOYEES.  Full Article

NUM and COSATU to march at Sibanye Gold Stillwater in Westonaria‍​‍​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - South Africa's NUM::NUM AND COSATU TO MARCH AT SIBANYE GOLD STILLWATER IN WESTONARIA‍​‍​.MARCH COMES AFTER SIBANYE "SENT FORCED RETRENCHMENTS TERMINATION LETTERS TO MORE THAN 2 000 WORKERS AT COOKE 1 TO 3 LAST WEEK"​.  Full Article

Sibanye-Stillwater says PIC holds 10.826 pct stake in group
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Sibanye Gold Ltd (Trading as Sibanye-Stillwater) ::TOTAL INTEREST HELD BY ‍PUBLIC INVESTMENT CORPORATION LIMITED AMOUNTS TO 10.826 PCT OF TOTAL ISSUED SHARES OF COMPANY​.  Full Article

Sibanye-Stillwater reorganises Cooke & Beatrix West ops
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Sibanye-Stillwater::CONCLUDES THE S189 PROCESS RELATING TO THE COOKE AND BEATRIX WEST OPERATIONS.CONCLUDED CONSULTATION PROCESS WITH STAKEHOLDERS ON PROPOSED RESTRUCTURING OF ITS GOLD OPERATIONS AND ASSOCIATED SERVICES‍.UNDERGROUND MINING OPERATIONS AT COOKE 1, 2 AND 3 SHAFTS TO BE PLACED ON CARE AND MAINTENANCE WITH EFFECT FROM END OCTOBER 2017​.‍CONCLUDED CONSULTATION PROCESS WITH STAKEHOLDERS PURSUANT TO ONGOING LOSSES EXPERIENCED AT ITS COOKE AND BEATRIX WEST OPERATIONS​.‍BEATRIX WEST WILL CONTINUE TO PROVIDE EMPLOYMENT FOR APPROXIMATELY 1,640 PEOPLE​.‍IN TOTAL 3,601 CONTRACTORS HAVE BEEN DISPLACED​.- ‍IN EVENT BEATRIX WEST BECOMES LOSS MAKING, BOTH UNDERGROUND OPERATION AND BEATRIX 2 PLANT WILL BE PUT ON CARE AND MAINTENANCE.‍AN ADDITIONAL 620 EMPLOYEES WILL REPLACE CONTRACTORS INVOLVED IN NON- CRITICAL ACTIVITIES ACROSS GROUP​.‍APPROXIMATELY 2,025 EMPLOYEES WILL BE RETRENCHED WITH ADDITIONAL 1,350 HAVING ELECTED TO TAKE VOLUNTARY SEPARATION PACKAGES​.  Full Article

Sibanye-Stillwater quarterly operating profit rises‍​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - SIBANYE-STILLWATER ::‍GROUP OPERATING PROFIT OF R2,859 MILLION (US$217 MILLION) WAS 41% HIGHER QUARTER-ON-QUARTER AND 5% HIGHER YEAR-ON-YEAR​.‍SA PGM PRODUCTION INCREASED BY 1% TO 306,184 4EOZ - RECORD QUARTERLY PRODUCTION FROM KROONDAL OPERATIONS​.‍FIRST PRODUCTION FROM BLITZ PROJECT, THREE MONTHS AHEAD OF SCHEDULE​.‍SEPT QUARTER SA GOLD PRODUCTION OF 11,576KG (372,177OZ) 4% HIGHER THAN FOR JUNE 2017 QUARTER​.SEPTEMBER 2017 QUARTER OPERATIONAL PERFORMANCE IS EXPECTED TO CONTINUE IN DECEMBER 2017 QUARTER.CAPITAL EXPENDITURE FROM SA PGM OPERATIONS WHICH WAS REVISED IS FORECAST HIGHER AT APPROXIMATELY R1,350 MILLION (US$100 MILLION).FROM SA PGM OPERATIONS, FY AISC IS EXPECTED TO BE BETWEEN R10,500/4EOZ AND R11,000/4EOZ (US$775/4EOZ AND US$815/4EOZ).‍TOTAL CAPEX FOR THE U.S. REGION FOR THE EIGHT MONTHS ENDING DEC 31 EXPECTED TO BE ABOUT $115 MILLION.FY PRODUCTION, COSTS FROM SA GOLD OPERATIONS IMPACTED BY ON CONSULTATION PROCESS OUTCOME.AISC FOR U.S. REGION IS FORECAST BETWEEN US$620/2EOZ AND US$650/2EOZ FOR 8 MONTHS ENDING DEC 31.PREVIOUS PRODUCTION GUIDANCE FOR US REGION REMAINS UNCHANGED FOR 8-MONTH ENDING DEC 31‍​.  Full Article

Sibanye-Stillwater sees headline loss per share at least 110 cents for year ended Dec 31
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Sibanye-Stillwater: :SEES ATTRIBUTABLE LOSS OF AT LEAST R4.6 BILLION (US$350 MILLION) FOR YEAR ENDING DEC. 31, 2017, COMPARED WITH ATTRIBUTABLE EARNINGS OF R3.7 BILLION (US$252 MILLION) YEAR AGO.SEES LOSS PER SHARE OF AT LEAST 235 CENTS (18 US CENTS) FOR YEAR ENDED DEC. 31, AND HEADLINE LOSS PER SHARE AT LEAST 110 CENTS (8 US CENTS).  Full Article

S.Africa's NUM declares wage dispute with Sibanye Stillwater Kroondal operation in Rustenburg​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - S.AFRICA'S NUM ::UNION ‍NUM DECLARES A WAGE DISPUTE WITH SIBANYE STILLWATER KROONDAL OPERATION IN RUSTENBURG​.S.AFRICA'S NUM - ‍DEMANDING R10 500 FOR CATEGORY B AND 15% FOR CATEGORY A WHILE COMPANY IS OFFERING A MERE 5,5% FOR CATEGORY A AND R750 CATEGORY B​.S.AFRICA'S ‍NUM - HAS ALREADY SECURED A DATE FOR CCMA FACILITATION ON 2ND OF NOVEMBER 2017 IN RUSTENBURG​.S.AFRICA'S ‍NUM - ‍DEMAND 100% MEDICAL AID CONTRIBUTION BY EMPLOYER​.S.AFRICA'S NUM - "‍WE DEMAND A LIVING OUT ALLOWANCE OF R5000 AND HOUSING SUBSIDY R10 000​".  Full Article

Sibanye Gold says operations resumed at Cooke mine
Wednesday, 5 Oct 2016 

Sibanye Gold Ltd : Sibanye's Cooke operations resume .Cooke operations resumed normal operations this morning after illegal industrial action called-off yesterday after engagement with union representatives.  Full Article

Sibanye Gold says H1 group gold production up 5 pct
Thursday, 25 Aug 2016 

Sibanye Gold Ltd : Interim dividend of 85 cents per share declared . Operating profit increases 128 pct to 5.4 bln rand ($351 mln) for six months ended June 30 . H1 gold production of 23,229kg (746,800oz) 5 pct higher year-on-year . H1 gold all-in sustaining cost 3 pct higher at rand 448,922/kg, in US$ terms 20 pct lower at $908/oz . Annual production guidance maintained . Group gold production of 23,229kg (746,800oz) for six months ended 30 june 2016 was 5 pct higher than for comparative period in 2015 . Group revenue increased by 44 pct, from 10.246 bln rand for six months ended June 30 2015 to 14.705 bln rand for six months ended June 30 2016 . South African mining industry generally delivers seasonally higher production and overall improved operational results during second half of calendar year . Barring any unplanned disruptions, Sibanye's gold division should deliver a significantly improved performance in second half of year . On basis of normal operational performance during second half of year, production guidance of 50,000kg (1.6moz) remains unchanged, albeit that future of Cooke 4 shaft is currently under review . Total cash cost is forecast at approximately rand 355,000/kg ($760/oz) and all-in sustaining cost at approximately rand 425,000/kg ($910/oz).  Full Article

UPDATE 1-South African gold miners' silicosis lawsuit nearing settlement-lawyers

* Class action largest of its type in South Africa (Updates with settlement figure)