Media releases

2005

Chairman of DRDGOLD South Africa (DRDGOLD SA) Dr Paseka Ncholo announced today that, as a consequence of continuing seismicity, a new mining plan was being implemented at DRDGOLD SA’s Blyvooruitzicht (Blyvoor) mine near Carletonville.

DRDGOLD Limited (“DRDGOLD”) and Emperor Mines Limited have today signed a sale and purchase agreement for Emperor to acquire DRDGOLD’s Papua New Guinea (“PNG”) assets comprising a 20% interest in the Porgera Joint Venture (“Porgera”), a 100% interest in the Tolukuma Gold Mine (“Tolukuma”) and all DRDGOLD’s exploration tenements in PNG (together the “Gold Assets”)(the “Transaction”).

DRDGOLD announced today that it is to acquire a 5% stake in Australian Stock Exchange-listed Allied Gold Limited (Allied) for A$3 032 000.

DRDGOLD Limited has reaffirmed its commitment to Papua New Guinea (PNG) with plans to extend its long term exploration campaign.

Dr Paseka Ncholo has been appointed Executive Chairman of DRDGOLD SA

The Board of DRDGOLD today approved an extension of the company’s existing black economic empowerment (BEE) structure with Khumo Bathong Holdings (Pty) Limited (KBH)

DRDGOLD today announced Group gold production of 135 630 ounces (oz) for the quarter ended 30 September 2005, 1% down on the previous quarter.

DRDGOLD Limited is pleased to announce that the Scheme of Arrangement for the acquisition of Buffelsfontein Gold Mines Limited (Buffelsfontein) proposed by Simmer & Jack and accepted by the majority of Buffelsfontein creditors, including DRDGOLD, last week has been approved and sanctioned by the High Court of South Africa.

DRDGOLD is aware of today’s media statement released by the Department of a Minerals and Energy relating to the inquiry into the seismic event that occurred on 9 March at DRDGOLD’s North West Operations.

DRDGOLD has concluded an agreement with Simmer and Jack Mines Limited for the sale of its shareholdings in Buffelsfontein Gold Mines Ltd (in provisional liquidation).

DRDGOLD is pleased to announce the appointment of John Sayers as the company’s new Finance Director and Chief Financial Officer with effect from 5 Sep 05

DRDGOLD today reported a 7% increase in Group cash operating profit to R157.1 million for the second half of FY05

DRDGOLD has received a number of inquiries with regards to the current dispute in the wage negotiation process between the Chamber of Mines (CoM) and various unions and the effect this may have on the company.

DRDGOLD and black-owned Khumo Bathong Holdings (Pty) Limited (KBH) announced today that they have signed a Memorandum of Understanding (MOU) regarding the acquisition by KBH of a 15% stake in DRDGOLD’s South African operations.

DRDGOLD announced today that two projects at its Blyvooruitzicht operation with a total capital cost of R82.8 million – the re-establishment of mining operations from the No 2 Sub-Shaft in two phases costing R80.5 million and a R2.3 million expansion of the Slimes Dam Project – will be presented to the DRDGOLD Board of Directors for approval when it meets on 24 August.

DRDGOLD today re-iterated that there are four nearly identical class actions filed against it and two of its officers in New York, and not nine as has been reported in some instances.

DRDGOLD today announced a financing and operating assistance package to 45.33% owned Emperor. This follows a complete review by DRDGOLD of Emperor’s operations.

DRDGOLD today announced that a class action lawsuit was commenced against the Company, its CEO, Mark Wellesley-Wood, and CFO, Ian Louis Murray.

DRDGOLD today announced that remedial actions taken in the past quarter, coupled with a continued turnaround at the South African operations’ Blyvoor mine, have established a sound platform for the company’s recovery and future growth

DRDGOLD has been advised that three provisional liquidators have been appointed.

Shareholders are advised that following the passing of a resolution by the Board of Directors of Buffelsfontein Gold Mines Limited ("BGML") (commonly known as the North West Operations), application will be made today to the High Court of South Africa for the provisional liquidation of BGML.

DRDGOLD hereby announces that an Order of Court for the provisional liquidation of Buffelsfontein Gold Mines Limited (“BGML”) (commonly known as the North West Operations), a wholly owned subsidiary of DRDGOLD, was granted today by the High Court of South Africa, pursuant to a resolution passed by the Board of Directors of BGML.

DRDGOLD yesterday suspended operations at its North West Operations No. 2 Shaft following a further tremor, which knocked out three production panels.

DRDGOLD has received payment this afternoon of R12m from JCI Gold and CAM.

DRDGOLD regrets to announce that at approximately 14:30 today, rescue workers located and recovered the body of the employee missing underground at the No 5 Shaft of the company’s North West Operations at Stilfontein in North West Province since Wednesday’s earthquake.

DRDGOLD has released the name of the employee whose body was recovered yesterday (Thursday, 10 March) from the No 5 Shaft of its North West Operations following Wednesday’s earthquake.

DRDGOLD CEO Mark Wellesley-Wood thanked mining and other employees of the North West Operations, medical personnel and brigadesmen of the Mine Rescue Service for their contributions to the rescue operations which had resulted in an efficient evacuation of 3,198 miners following the earthquake experienced in Stilfontein in North West Province on 9 March 2005.

Rescue workers tonight rescued 14 employees trapped underground at DRDGOLD’s North West Operations’ No5 Shaft near Stilfontein in North West Province following a series of seismic events earlier today

Rescue workers have rescued a further 10 employees trapped underground at DRDGOLD’s North West Operations’ No 5 Shaft near Stilfontein in North West Province following a series of seismic events earlier today.

The management of DRDGOLD Limited’s North West Operations at Stilfontein has suspended all operations at the No 10 Shaft

DRDGOLD has been informed that Brett Kebble’s JCI Gold JCI Gold intends challenging on constitutional grounds the order of High Court judge Lewis Goldblatt that JCI Gold and CAM pays DRDGOLD an amount of R35.7 million, plus interest and costs.

DRDGOLD today announced a 60-day operational review of its North West Operations, and issued a notice to unions and associations in terms of Section 189 (3) of the Labour Relations Act.

DRDGOLD today gave Brett Kebble’s JCI Gold and CAM 48 hours notice to honour the terms of a High Court judgment, given in October last year, after JCI/CAM’s petition to the Supreme Court of Appeal, to overturn the judgment, was rejected yesterday.

CEO Mark Wellesley-Wood said today that improved efficiencies at the company’s South African Operations had been insufficient to compensate for the low Rand gold price

The Board of DRDGOLD Limited has announced the appointment of Dr Paseka Ncholo as Non-Executive Chairman

IN THIS SECTION

Denver Gold Forum 2024 [cover]

Denver Gold Forum 2024 18 September 2024 (PDF - 4.6 MB)

IN THE MEDIA

LATEST NEWS

COOKIES: This site uses cookies to enhance your website experience. See our privacy policy for further details.