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Sibanye expects lower FY earnings

Dual-listed Sibanye Gold expects its profit for the 2015 financial year to be between R675-million and R775-million, significantly lower than the R1.5-billion reported in 2014. “Despite an operational recovery through the year and a return to profitability from the June 2015 quarter, our profit was negatively affected by the relatively poor March 2015 quarter and the Eskom load-shedding in the June 2015 quarter,” the company said in a statement.