Integrated Annual Review 2012 Annual Financial Report 2012 Mineral Resources and Mineral Reserves Regional overview  

1.3.3 Strategic implications of the unbundling

The separation of New Gold Fields and Sibanye Gold will enable the two independently governed and managed companies to focus on their respective strategic goals and to operate more effectively as separate entities, to the benefit of shareholders, employees and communities.

The unbundling enables an initial focus on achieving stable and safe production at Beatrix and KDC. Should this be achieved, Sibanye would be in a position to use the significant cash flow generated by these mines to extend their operational lives – and increase the dividends paid to shareholders.

In addition, Sibanye Gold will seek to add profitable, stable and low-cost operations that provide a high degree of leverage to the gold price – through the selective pursuit of synergistic opportunities for consolidation within the broader South African gold mining sector.

Figure 1.4: New Gold Fields – a more balanced portfolio

International diversification
A more balanced portfolio

International diversification