1
MARKET RELEASE
Effective integration of Sibanye-Stillwater’s SA PGM operations prevents anticipated closures
Westonaria, 16 October 2017: Sibanye-Stillwater has previously indicated that approximately 200 000oz –
300 000oz 4E PGM production per annum could be at risk, should some conventional shafts in the
Rustenburg area remain unprofitable, and that the Company would make a final decision on the viability
of these conventional business units post September 2017.
Sibanye-Stillwater is now pleased to advise that as a result of the realisation of substantial synergies, post
the successful integration of Rustenburg and Aquarius into the larger Sibanye-Stillwater group, the closure
of these conventional business units has been averted.
The Southern African (SA) Region’s PGM operations have delivered solid operational results in H1 2017,
and this prompted an upward revision to our 2017 production forecast and a downward revision to
guided costs. In addition, realisation of cost and operational synergies has exceeded expectations and
has been significantly ahead of initial forecasts.
As disclosed in our H1 2017 results, benefits of approximately R550 million of the initially identified R800
million annual synergies, have already been achieved, with forecast annualised benefits by the end of
2017 of approximately R1 billion. This is significantly earlier than the three year period we had initially
guided to, to realise these benefits.
Group CEO, Neal Froneman commented: “I am very pleased with the outcome of the review, which has
been driven by the results of the efforts of our colleagues in the Rustenburg region. While we anticipate
further opportunities to reduce costs and unlock operational synergies over time, the SA PGM operations
are now well positioned to benefit from firmer PGM prices. I would also like to note the role that the
Competition Commission played in ensuring this outcome, by approving upfront, the initial and very
necessary restructuring of the operations, effectively saving many thousands of jobs.”
Contact:
James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014
Email: ir@sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa (Proprietary) Ltd
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Reg. 2002/031431/06
Incorporated in the Republic of South Africa
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
Business Address:
Libanon Business Park
1 Hospital Street
(Off Cedar Ave)
Libanon, Westonaria, 1780
Postal Address:
Private Bag X5
Westonaria, 1780
Tel +27 11 278 9600
Fax +27 11 278 9863