www.sibanyestillwater.com
MARKET RELEASE
Sibanye-Stillwater and AMCU conclude gold strike
Johannesburg, 17 April 2019: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) is pleased to report
that the five month strike by the Association of Mineworkers and Construction Union (AMCU) at its SA
gold operations, has been resolved. Both parties have acknowledged that it is in their interest to re-
base and develop a constructive relationship going forward. The parties agree that in
acknowledgement of the need for a constructive working relationship they will foster a safe and
sustainable business that creates value for all stakeholders. The parties therefore agree to a facilitated
‘post-strike conflict’ relationship building program aimed at aligning leaders of both organised labour
and management.
As part of the agreement reached with Sibanye-Stillwater, AMCU has committed, inter alia to the
following conditions:
-
signing the 2018 three-year wage agreement* previously signed with National Union of Mineworkers
(the NUM), Solidarity and UASA in respect of wages and conditions of service for the period
1 July 2018 to 30 June 2021
-
-
affirm commitment to conclude a peace pact within 30 days
abide by the decisions of the court and that no further appeals will be instituted or pursued
-
developing and implementing, along with other stakeholders, a plan to ensure a safe start and
ramp-up of production post-strike, and to promote and ensure sustainable safe production together
with the company
Sibanye-Stillwater has agreed to, inter alia:
-
an ex gratia payment of R4,000 for all employees at its gold operations in the form of cash or a
voucher, to alleviate hardship
-
offer a cash advance of R5,000 upon request of the employees which will be repayable over a 12
month period
-
assistance with debt consolidation and counselling as part of the existing ‘Care for iMali’ program
-
waive its rights to reclaim costs incurred on behalf of employees during the strike including
contributions to medical aid and pension/provident funds, accommodation and feeding costs
-
provide transport for employees to return to work
-
any employees who were dismissed for strike related misconduct will be subject to normal
disciplinary proceedings in line with the Company’s disciplinarily code and procedures which
include the right to lodge a complaint in line with the formal grievance procedures
As a result of the agreement, the AMCU strike is no longer protected and all employees will been
notified to report for work as per a build-up schedule which will be communicated internally in due
course. The safety and wellness of our employees is our first priority and in line with our CARES values,
the immediate focus will be on ensuring that the gold operations re-commence safely. Initial shifts will
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