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AMCU strike at Sibanye Gold operations to start April 6

Confirming previous reports, Sibanye Gold Ltd. said April 4 that South Africa'sAssociation of Mineworkers and Construction Union, or AMCU, served the companywith a notice to start industrial action from April 6 over the 2015 wagenegotiations.

Commenting on AMCU's decision, company CEO Neal Fronemansaid that "the wage increases implemented in 2015 are final and the decisiontaken by the AMCU leadership will not yield a different outcome."

"The decision taken by the AMCU leadership isunfortunate, particularly coming after such an extended period followingagreement on wages, whichwas reached with the three other representative unions at Sibanye,"Froneman said.

Sibanye has made "robust plans to manage the potentialimpact of strike action" and will work to ensure that the industrialaction is peaceful and within strike rules, Froneman added.