Edition:
United States

Sibanye Gold Ltd (SGLJ.J)

SGLJ.J on Johannesburg Stock Exchange

1,844.00ZAc
17 Nov 2017
Change (% chg)

-1.00 (-0.05%)
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1,845.00
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Latest Key Developments (Source: Significant Developments)

Sibanye-Stillwater signs 3-yr deal at Kroondal ops‍​
Thursday, 9 Nov 2017 12:05am EST 

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 12:34am EST 

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 02:49am EDT 

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 01:05am EDT 

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 02:00am EDT 

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 10:42am EDT 

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

Sibanye says starts production at U.S.-based Blitz project
Monday, 2 Oct 2017 04:54am EDT 

Oct 2 (Reuters) - Sibanye Gold Ltd ::ON SEPT 29, COMMENCED WITH PRODUCTION FROM BLITZ PROJECT, AT SIBANYE-STILLWATER'S OPERATIONS IN MONTANA, IN UNITED STATES OF AMERICA.BLITZ IS EXPECTED TO REACH FULL PRODUCTION OF ABOUT 300,000OZ (2E) BY LATE 2021/EARLY 2022.‍BASED ON MUCK SAMPLING, INITIAL CUT DELIVERED ORE WITH AN ESTIMATED AVERAGE 2E GRADE OF 1.15 OZ/TON (39 G/TONNE)​.‍INCREASED PRODUCTION FROM BLITZ IS EXPECTED TO FURTHER REDUCE UNIT OPERATING COSTS OF US OPERATIONS​.  Full Article

Sibanye prices $450 million senior unsecured guaranteed convertible bonds
Tuesday, 19 Sep 2017 10:35am EDT 

Sept 19 (Reuters) - Sibanye Gold Ltd ::OFFERING OF US$450 MILLION SENIOR UNSECURED GUARANTEED CONVERTIBLE BONDS DUE 2023.SIBANYE - CONVERTIBLE BONDS WILL PAY A COUPON OF 1.875% PER ANNUM, PAYABLE SEMI-ANNUALLY IN ARREAR IN EQUAL INSTALMENTS ON 26 MARCH AND 26 SEPTEMBER OF EACH YEAR.SIBANYE - INITIAL CONVERSION PRICE IS US$1.6580, 35% PREMIUM TO AVERAGE PRICE OF SIBANYE-STILLWATER'S SHARES BETWEEN OPENING OF TRADING AND PRICING ON SEPT.19.  Full Article

Sibanye Gold says ‍sibanye-Stillwater launches $450 mln senior unsecured guaranteed convertible bonds​
Tuesday, 19 Sep 2017 03:06am EDT 

Sept 19 (Reuters) - SIBANYE GOLD LTD :‍SIBANYE-STILLWATER LAUNCHES US$450 MILLION SENIOR UNSECURED GUARANTEED CONVERTIBLE BONDS​.HAS LAUNCHED AN OFFERING OF US$450 MILLION SENIOR UNSECURED GUARANTEED CONVERTIBLE BONDS DUE 2023.PROCEEDS ARE EXPECTED TO BE USED TO REFINANCE OUTSTANDING PORTION OF BRIDGE LOAN RAISED FOR ACQUISITION OF STILLWATER MINING​.CONVERTIBLE BONDS WILL BE ISSUED BY SIBANYE-STILLWATER ON 26 SEPTEMBER 2017 AND PAYMENTS OF CONVERTIBLE BONDS WILL BE GUARANTEED BY STILLWATER AND KROONDAL OPERATIONS PROPRIETARY.FINAL TERMS OF CONVERTIBLE BONDS ARE EXPECTED TO BE ANNOUNCED AFTER PRICING WHICH IS EXPECTED LATER TODAY.  Full Article

Sibanye-Stillwater says nominated directors of Gold One Yuan Jiyu and Robert Chan step down
Monday, 18 Sep 2017 03:21am EDT 

Sept 18 (Reuters) - Sibanye Gold Ltd :SIBANYE-STILLWATER- NOMINATED DIRECTORS OF THE GOLD ONE, ON THE BOARD OF SIBANYE-STILLWATER, YUAN JIYU AND ROBERT CHAN, HAVE RESIGNED FROM THE BOARD, EFFECTIVE IMMEDIATELY‍​.  Full Article

MIT research scientist pleads guilty to insider trading

NEW YORK A research scientist at Massachusetts Institute of Technology pleaded guilty on Monday to charges that he engaged in insider trading based on information he obtained from his wife, a corporate lawyer working on a deal involving a mining company