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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   11/07/2016
 
Sibanye reviewing future of Cooke 4 operations
 

Sibanye Gold has notified shareholders that it will be entering into a further consultation process with organised labour and other relevant stakeholders, regarding continued operational underperformance and accumulating financial losses at the Cooke 4 underground mine and Ezulwini Gold and Uranium processing plant (the Cooke 4 Operation)..

This is due to the sustained losses at the Cooke 4 Operation despite extensive efforts to improve productivity and reduce the operation’s cost structures. A 60 day period of consultation will now be entered into with trade unions and affected employees, facilitated by the CCMA. During this period all options and alternatives to closure will be considered.

Sibanye acquired the Cooke underground and surface assets from Gold One Limited, in May 2014. The primary reason for the acquisition was the significant uranium and gold mineral resources and reserves contained in the Cooke surface tailings facilities, which form a critical component of Sibanye’s West Rand Tailings Retreatment Project (“WRTRP”). Along with these surface resources, Sibanye acquired four operating underground mines and two processing plants, which included the Cooke 4 assets.


 
 
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