Media releases

DRD rejects Matodzi offer for North West

Details

Published: Wednesday, 23 July 2003 02:00

The Board of Durban Roodepoort Deep, Limited (DRD) has today rejected the offer from Matodzi Resources of R1,00 for its North West Operations.

DRD has entered into a 60 day review period with Unions and Associations and sought CCMA facilitation in good faith and, until the outcome of this process has been determined, it will not entertain any offers for its North West Operations.

The Board, further, fully supports the actions of management, and its team at North West, in addressing the commercial issues affecting the operations and seeking a resolution to them.

Queries:
Ilja Graulich
Durban Roodepoort Deep, Limited
+27 11 381 7800 / 7826 (office)
+27 83 604 0820 (mobile)

James Duncan
Russell & Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)