The choice to review the profile of its current operations and assets predates the current unrest experienced in the South African mining industry.
It had been additionally determined that, utilizing the competing administration and money demands of a geographically, geologically and theoretically diversified company, Sibanye Gold will gain from more focused and completely committed executive administration that is straight accountable up to a likewise concentrated and devoted board of directors.
Consequently, it had been chose to split Sibanye Gold from Gold areas into a company that is fit-for-purpose strained because of the typical expenses connected with a worldwide business, including a world-wide research program and also the associated task development expenses, and managed by a concentrated team that will better maintain these operations. One other current additional listings in the Dubai, Brussels and Swiss stock exchanges for Gold areas will continue to be unchanged.
Emphasis is likewise added to containing money expenses. Being a individually listed entity, industry will pay the assets of Sibanye Gold a reasonable and objective valuation, supplying it using the money to selectively pursue synergistic and consolidation possibilities within the South African silver industry. Sibanye Gold is possibly a catalyst in this respect. We genuinely believe that this consolidation has grown to become crucial in view associated with the fragmented state of this industry, which includes added to the production that is declining work profile regarding the sector.