Integrated Annual Report 2014


Reported G4 indicators:
  • G4-15
  • G4-18
  • G4-19
  • G4-20
  • G4-21
  • G4-28
  • G4-29
  • G4-31
  • G4-33

Sibanye Gold Limited (Sibanye or the Group) is listed on the Main Board of the JSE Limited (JSE) in terms of its stock exchange licence (ordinary shares) and on the New York Stock Exchange (NYSE) American Depositary Receipts (ADRs). Sibanye reports in compliance with the JSE Listing Requirements, the International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB), the South African Institute of Chartered Accountants (SAICA) Financial Reporting Guides, the South African Companies Act, 2008 (Act No 71 of 2008) (the Companies Act), the Code of and Report on Governance Principles for South Africa (King III), and in terms of the South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves (SAMREC) guidance on the reporting of Mineral Resources and Mineral Reserves.

As such, this integrated report for the year ended 31 December 2014 provides shareholders with an overview of the context, performance and objectives of the business; the resources and capacity it has at its disposal; and how these are used to deliver value for all of its stakeholders.


In determining the content of the report, Sibanye has identified certain financial and non-financial issues that are most important to the sustainability of the Group. The report takes into account the International Integrated Reporting <IR> Framework published by the International Integrated Reporting Council (IIRC) in December 2013 and the G4 guidelines (“core” format) of the Global Reporting Initiative (GRI) to provide insight into the Group’s resources and relationships (“the capitals”: financial, human, manufactured and intellectual, social and relationship, and natural) that create value over time at Sibanye’s operations, which include Beatrix, Cooke, Driefontein, Kloof and projects.

Sibanye focuses on sustainability issues deemed most important to the Group and its stakeholders. In determining these material issues, relating to G4, cognisance was taken of the guidance on materiality provided by the IIRC and the GRI.

The content-gathering and data-collation process for the report included questionnaires to relevant discipline heads and interviews based broadly on GRI systems already in place, for the provision of the quantitative information included in this document.

Sibanye currently collates and reports sustainable development performance on an annual basis.


Sibanye’s internal audit function is conducted in-house, and is required to provide an independent evaluation of the Group’s internal control processes and systems in order to mitigate any business risks.

Independent assurance provider KPMG Services Proprietary Limited (KPMG Services) provided limited assurance on selected sustainability performance indicators in accordance with the International Standards on Assurance Engagements (ISAE) 3000. The period under review was 1 January 2014 to 31 December 2014 for the selected sustainability performance indicators.

See the KPMG Services Statement of Assurance and the sustainability performance data selected by Sibanye for assurance by KPMG Services.

The reporting guideline used by Sibanye includes the GRI G4 Sustainability Reporting Guidelines, the Broad-based Socio-economic Empowerment Charter for the South African Mining and Minerals Industry (Mining Charter) (2002) and related scorecard (2004) and the amendments to the Mining Charter (2010) and related scorecard (2010), as well as Sibanye’s internally developed guidelines.

KPMG Inc (KPMG Inc) has audited the consolidated financial statements, and its report and opinion can be found under Independent auditor’s report.

For more information on sustainability reporting at Sibanye, please contact:

James Wellsted
Senior Vice President: Investor Relations

Tel: +27 11 278 9656