register free | resend password

Appointment of Directors

ID: 1554868
recent pressrelease next pressrelease

(PresseBox) - In terms of Section 3.59 of the Listings Requirements of the JSE Limited, Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) is pleased to announce the appointment of Messrs Wang Bin and Lu Jiongjie as Non-Independent, Non-Executive Directors to the Company?s Board with effect from 1 January 2020. The appointments are pursuant to a written merger agreement entered into in August 2013 between Sibanye Gold and Gold One International Limited (?Gold One?) for the acquisition by Sibanye Gold of Gold One?s Cooke and Ezulwini Operations.

Mr Wang Bin has over 20 years of experience in engineering management, operational leadership, project development, and corporate business development in the mining and metals industry. He is currently the deputy general manager of Baiyin Nonferrous Group Co. Ltd, in charge of the overseas investments and assets management. Baiyin is one of the leading mining companies in China with businesses comprising mining, processing, smelting and refining, downstream manufacturing, research & development, investment and trading. Mr. Wang Bin was previously the project director for the acquisition of the 40% minority shareholders? equity of Gold One Group Limited.

Mr Lu Jiongjie is currently the General Manager of Baiyin International Investment Ltd which he established in 2013 as Baiyin?s platform for overseas investment and management, and grew to the current size of approximately US$400m investments under management and US$800m debt financing under management, on behalf of Baiyin Group. He previously worked as an Associate and Director of Long March Capital wherein he participated in the various mining transactions, including a $635m investment by a Chinese consortium led by Baiyin in 2011 to acquire Gold One.

The Board welcomes Messrs Bin and Jiongjie to the Company and looks forward to their valuable contribution.


The information in this announcement may contain forward-looking statements within the meaning of the ?safe harbour? provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, among others, those relating to Sibanye Gold Limited?s (trading as Sibanye-Stillwater) (?Sibanye-Stillwater? or the ?Group?) financial positions, business strategies, plans and objectives of management for future operations, are necessarily estimates reflecting the best judgment of the senior management and directors of Sibanye-Stillwater.

All statements other than statements of historical facts included in this announcement may be forward-looking statements. Forward-looking statements also often use words such as ?will?, ?forecast?, ?potential?, ?estimate?, ?expect? and words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and should be considered in light of various important factors, including those set forth in this disclaimer and in the Group?s Annual Integrated Report and Annual Financial Report, published on 29 March 2019, and the Group?s Annual Report on Form 20-F filed by Sibanye-Stillwater with the Securities and Exchange Commission on 5 April 2019 (SEC File no. 001-35785). Readers are cautioned not to place undue reliance on such statements.

More information:

Keywords (optional):

Company information / Profile:

PressRelease by


PressContact / Agency:

published by: PresseBox
print pressrelease  send to a friend  

Date: 12/18/2019 - 16:39
Language: English
News-ID 1554868
Character count: 3406
Firma: Swiss Resource Capital AG
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Johannesburg


Number of hits: 296


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 58

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.