Edition:
United Kingdom

Sibanye Gold Ltd (SGLJ.J)

SGLJ.J on Johannesburg Stock Exchange

958.00ZAc
22 Jun 2018
Change (% chg)

25.00 (+2.68%)
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Latest Key Developments (Source: Significant Developments)

Sibanye-Stillwater Comments On Restoring, Improving On Safety At Its Operations
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Sibanye Gold Ltd ::SIBANYE-STILLWATER COMMITS TO RESTORING AND IMPROVING ON SAFETY AT ITS OPERATIONS.RECENTLY EXPERIENCED A SIGNIFICANT INCREASE IN SAFETY INCIDENTS AT ITS SOUTHERN AFRICA (SA) OPERATIONS.IF MINE IS NOT SAFE TO OPERATE, EXPECT CONDITIONS TO BE FIXED BEFORE WORK CAN RESUME.  Full Article

Sibanye-Stillwater Says Rescue Teams Retrieved Body Of Fifth Missing Employee At Kloof Ikamva Mine
Thursday, 14 Jun 2018 

June 14 (Reuters) - Sibanye Gold Ltd ::RESCUE TEAMS HAVE LOCATED AND RETRIEVED BODY OF FIFTH EMPLOYEE THAT WENT MISSING AT ITS KLOOF IKAMVA MINE.  Full Article

Sibanye-Stillwater Says Rescue Teams Have Located Deceased Body Of Fourth Missing Employee In An Abandoned Stope Ore Pass
Tuesday, 12 Jun 2018 

June 12 (Reuters) - Sibanye Gold Ltd ::RESCUE TEAMS HAVE LOCATED THE DECEASED BODY OF THE FOURTH MISSING EMPLOYEE IN AN ABANDONED STOPE ORE PASS AT KLOOF IKAMVA SHAFT.SEARCH FOR FIFTH EMPLOYEE CONTINUES AND FURTHER UPDATES WILL BE ISSUED.MINING OPERATIONS AT KLOOF’S IKAMVA SHAFT HAVE BEEN SUSPENDED FOR A DAY DUE TO INCIDENT.INCIDENT AT KLOOF IKAMVA SHAFT STARTED JUNE 11 AFTER 5 EMPLOYEES ENTERED ABANDONED WORKING AREA; 4 EMPLOYEES PASSED AWAY.  Full Article

Sibanye-Stillwater Receives South African Reserve Bank Approval For Acquisition Of Lonmin
Tuesday, 15 May 2018 

May 15 (Reuters) - SIBANYE-STILLWATER - :SIBANYE-STILLWATER RECEIVES SOUTH AFRICAN RESERVE BANK APPROVAL FOR PROPOSED ACQUISITION OF LONMIN.PROPOSED TRANSACTION REMAINS SCHEDULED FOR CLOSURE DURING SECOND CALENDAR HALF OF 2018.  Full Article

Lonmin Updates on Impairment and Waiver
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Lonmin Plc ::LONMIN - ‍HAS OBTAINED AGREEMENT FROM LENDERS FOR FURTHER WAIVER OF COMPLIANCE WITH CONSOLIDATED TANGIBLE NET WORTH DEBT COVENANTS UNTIL EARLIER OF OFFER CLOSING​.LONMIN - SEES ‍IMPAIRMENT TO REDUCE GROUP'S CONSOLIDATED TANGIBLE NET WORTH SIGNIFICANTLY BELOW $1.10 BILLION MINIMUM REQUIRED UNDER DEBT COVENANTS.LONMIN - ‍DETERMINATION OF NON-CASH IMPAIRMENT TO CARRYING VALUE OF GROUP'S ASSETS FOR YEAR ENDED 30 SEPTEMBER 2017 IS SUBSTANTIALLY COMPLETE​.  Full Article

Buildmax Says Unit Exercises Right To Terminate Agreement With Sibanye Stillwater
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Buildmax Ltd ::‍HAS EXERCISED ITS RIGHT TO TERMINATE ITS AGREEMENT WITH SIBANYE STILLWATER LIMITED.‍TERMINATES DEAL FOR MATERIALS HANDLING, CRUSHING, SCREENING AND TRANSPORTATION AT KLOOF IN WESTONARIA, WHICH COMMENCED IN JAN 2015​.TERMINATION PROCESS TO BE UNDERTAKEN IN RELATION TO AFFECTED EMPLOYEES; ANTICIPATED THAT DIESEL POWER WILL BE OFF SITE BY 15 MARCH 2018.  Full Article

Revised Sibanye-Stillwater Business Plan Could Affect A Further 890 Staff
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Lonmin Plc ::LONMIN TO PUBLISH ANNUAL FINANCIAL STATEMENTS IN JANUARY 2018- SIBANYE PRESENTANTION.SIBANYE SAYS EXPECTS COMPETITION CLEARANCE TO BE OBTAINED IN H2 2018.LONMIN SHAREHOLDER APPROVAL AND COURT MEETING EXPECTED IN H2 2018.SIBANYE-STILLWATER SHAREHOLDER APPROVAL EXPECTED IN H2 2018.LONMIN CEO SAYS BELIEVES OFFER IS IN THE BEST INTERESTS OF LONMIN, LONMIN SHAREHOLDERS AND OTHER STAKEHOLDERS.LONMIN CEO SAYS LONMIN CONTINUES TO BE HAMSTRUNG BY LIQUIDITY CONCERNS.SIBANYE-STILLWATER REVISED MINE PLAN SEES JOB CUTS OF APPROX 12,600 EMPLOYEES OVER THREE YEARS AS LONMIN GENERATION ONE SHAFTS REACH END OF LIFE.REVISED SIBANYE-STILLWATER BUSINESS PLAN COULD AFFECT A FURTHER 890 STAFF.  Full Article

Sibanye-Stillwater proposes to acquire Lonmin in deal valued at 285 mln pounds
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Sibanye-Stillwater ::‍PROPOSED ACQUISITION OF LONMIN BY SIBANYE-STILLWATER​.‍EXPECTS TRANSACTION TO BE NET ASSET VALUE ACCRETIVE ON CLOSING, EARNINGS AND CASH FLOW ACCRETIVE IN RESPECT OF SIBANYE-STILLWATER SHARES FROM 2021​.‍UNDER TERMS OF OFFER EACH LONMIN SHAREHOLDER WILL BE ENTITLED TO RECEIVE FOR EACH LONMIN SHARE 0.967 NEW SIBANYE-STILLWATER SHARES​.‍EACH LONMIN SHAREHOLDER WILL BE ENTITLED TO RECEIVE FOR EACH LONMIN SHARE 0.967 NEW SIBANYE-STILLWATER SHARES​.‍OFFER VALUES EACH LONMIN SHARE AT 86.3 PENCE AND REPRESENTS PREMIUM OF ABOUT 35 PCT TO CLOSING PRICE PER LONMIN SHARE OF 63.8 PENCE ON 13 DEC 2017​.REALISED R550 MILLION/ANNUM IN ANNUALISED OPERATIONAL SYNERGIES AS AT 30 JUNE 2017, SEES R1 BILLION OF ANNUALISED SYNERGIES BY 2018​.‍IDENTIFIED EXPECTED TOTAL PRE-TAX RUN-RATE SYNERGIES OF APPROXIMATELY R1,500 MILLION BY 2021​.‍ESTIMATES IMPLEMENTATION OF OVERHEAD SYNERGIES WOULD GIVE RISE TO EXPECTED ONE-OFF COSTS OF R80 MILLION, HEADCOUNT REDUCTION OF ABOUT 700​.‍IMPLEMENTATION OF PROCESSING SYNERGIES WOULD GIVE RISE TO EXPECTED ONE-OFF COSTS OF APPROXIMATELY R1,000 MILLION​.‍ASIDE FROM ONE-OFF COSTS REFERRED, DOES NOT EXPECT ANY MATERIAL DIS-SYNERGIES TO ARISE IN CONNECTION WITH ACQUISITION​.LONMIN BELIEVES IF LOW PGM PRICES PERSIST, REGARDLESS OF ACQUISITION IMPLEMENTED, POTENTIALLY IN EXCESS OF 12,000 JOBS IN LONMIN WOULD BE AT RISK OVER NEXT 3 YRS.  Full Article

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

S.Africa's draft law proposes 30 pct black ownership for mining firms within 5 years

JOHANNESBURG, June 15 South Africa is proposing raising black ownership in existing rights holder companies to 30 percent from 26 percent within five years, a draft of new rules showed on Friday.