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Resources Watch  

13th September 2018 DRDGold shares leap on higher-grade fillip And, DRDGold expecting rapid gold output from West Rand tailings project 

DRDGold projects boost Ergo efficiency, lower costs

By: Martin Creamer     12th September 2018 Three major projects completed by surface gold mining company DRDGold are expected to boost the fortunes of the company’s Ergo plant on the East Rand. The three projects made up the bulk of the company’s capital spend of R125.9-million in the 12 months to June 30. 

On-The-Air (07/09/2018) 

By: Martin Creamer     7th September 2018 The planned imposition of carbon tax on South Africa’s smelters is going to put thousands of people out of work and lose South Africa billions of rands in lost export revenue. The promising new gold recovery project on the Far West Rand is another example of the private sector working together... 

Resources Watch  

6th September 2018 Global mining showing interest in Master Drilling’s new technology; And, Sibanye expects Lonmin competition finality October 

DRDGold expecting rapid gold output from West Rand tailings project 

By: Martin Creamer     5th September 2018 The high quality of the gold tailing retreatment infrastructure that surface gold mining company DRDGold has acquired on the Far West Rand in partnership with Sibanye-Stillwater is enabling the company to get into production very quickly, DRDGold CEO Niél Pretorius said on Wednesday. Speaking in... 

DRDGold shares leap on higher-grade fillip 

By: Martin Creamer     5th September 2018 A 10% increase in gold production provided an important fillip for surface gold mining company DRDGold, which benefitted from high-grade sand material in the 12 months to June 30. The Johannesburg- and New York-listed company, which saw its share price rise by 6.09% in early morning trade,... 

DRDGold operating profit up

By: Martin Creamer     5th September 2018 Surface gold producer DRDGold on Wednesday reported a sharp rise in operating profit, higher gold production and a spurt of cash flow. The Johannesburg and New York-listed company chalked up 38% more operating profit to R355.2-million, a 10% increase in gold production to 4 679 kg and a free cash... 

Sibanye expects Lonmin competition finality October 

By: Martin Creamer     27th August 2018 Precious metals mining company Sibanye-Stillwater expects Competition Commission finality on its proposed acquisition of platinum company Lonmin in October, following the closure of its transaction with surface gold mining company DRDGold, which is expected to make a positive contribution to... 

Nothing comes before safe production – Sibanye-Stillwater 

By: Martin Creamer     23rd August 2018 Precious metals mining company Sibanye-Stillwater on Thursday spent the most part of its half-year presentation of financial results reiterating ongoing commitment to safe production and taking safety to the next level. The Johannesburg- and New York-listed company, which reported 26%-higher... 

DRDGold expects first tailings production from WRTRP assets in Q1 2019

By: Simone Liedtke     1st August 2018 Following the successful implementation of the transaction between JSE- and NYSE-listed Sibanye-Stillwater and JSE- and NYSE-listed DRDGold, Sibanye-Stillwater now owns 38.05% of the issued share capital of DRDGold, which is currently worth R895.7-million. Under the terms of the transaction,... 

Resources Watch  

19th April 2018 This week: Strong rand eroding South African gold mines’ margins And, underground rail transport at local mines not being prioritised 

Strong rand eroding South African gold mines’ margins 

By: Natasha Odendaal     6th April 2018 While the strengthening of South Africa’s rand against the dollar in recent months has been widely welcomed by many, it has somewhat dampened the outlook for exporters and mining firms reliant on a weakened currency to widen margins. For South Africa’s gold mining industry, the resultant decline... 

DRDGold shareholders approve WRTRP deal with Sibanye-Stillwater

By: Marleny Arnoldi     28th March 2018 Dual-listed DRDGold’s shareholders on Wednesday voted in favour of all resolutions relating to the company’s proposed acquisition of certain assets at diversified miner Sibanye-Stillwater’s West Rand Tailings Retreatment Project (WRTRP).  

DRDGold lifts H1 profit on higher production

By: Megan van Wyngaardt     15th February 2018 Dual-listed gold recovery company DRDGold on Thursday posted a 27% year-on-year increase in operating profit to R219.9-million for the six months ended December  31, on the back of an 11% year-on-year increase in gold production to 75 267 oz. The company, which is working to add... 

Pretorius sees WRTRP transaction as an investment

By: Megan van Wyngaardt     15th February 2018 Johannesburg-focused gold processor DRDGold is hoping that the addition of the West Rand tailings retreatment project (WRTRP), currently the subject of a R13-billion deal with Neal Froneman-led Sibanye-Stillwater, will attract longer-term investors, which might still be deterred by "extreme... 

DRDGold says first half revenue up 6%

By: Reuters     15th February 2018 Gold producer DRDGold said on Thursday its revenue was up 6% to R1.25-billion in the six months ended December 31, 2017, due to higher gold production and gold sold. The company said its performance during the period, both operationally and financially, was much improved, with gold production... 

Ergo’s R126m payment to municipality to reduce DRDGold’s cash

By: Anine Kilian     12th February 2018 Gold mining company DRDGold’s subsidiary, Ergo Mining, will pay R126-million to the Ekurhuleni metropolitan municipality (EMM) to ensure continued electricity supply to Ergo, reducing DRDGold’s cash balance of R295-million as at December 31.   Ergo has been engaged in a legal dispute with EMM... 

DRDGold provides profit guidance for WRTRP

By: Megan van Wyngaardt     6th February 2018 Dual-listed DRDGold on Tuesday said it expects the West Rand tailings retreatment project (WRTRP) to generate a profit of R229.4-million for the 12 months ending December 31, 2019. The company is in the process of acquiring the project from fellow gold and platinum miner Sibanye-Stillwater. 

Acceptance of realities prerequisite for gold mining success – DRDGold

By: Martin Creamer     5th February 2018 Acceptance of tough current realities was a prerequisite for gold mining success in South Africa currently, DRDGold CEO Niël Pretorius said on Monday. Speaking on day one of the Mining Indaba at a function to mark the 30th anniversary of the World Gold Council, Pretorius said that the simple... 

CompCom gives DRDGold conditional thumbs up to buy Sibanye tailings assets

By: Megan van Wyngaardt     2nd February 2018 The Competition Commission has recommended that the Competition Tribunal approve, with conditions, DRDGold's acquisition of certain assets from Sibanye-Stillwater. The gold producers in November entered into a R1.3-billion deal that will entail DRDGold acquiring portions of Sibanye-Stillwater's... 

DRDGold thumbs nose at lower gold price as output ups earnings

By: Martin Creamer     1st February 2018 Gold tailings retreatment specialist DRDGold is set to report higher earnings on higher production that cocked a snook at the lower gold price in the six months to December 31. Earnings a share are poised to be between 14.16c and 14.64c for the six months ended December 31, compared with 0.6c for... 

On-The-Air (24/11/2017) 

By: Martin Creamer     24th November 2017 Turning mine dump sand into gold received a major boost this week when Sibanye and DRDGold joined forces; Sasol this week announced a new growth strategy that shuns its pioneering technologies of turning coal into petrol and gas into diesel; Gold Fields this week became the second mining company... 

Sibanye creates gold tailings deal with DRDGold 

23rd November 2017 Precious metals company Sibanye-Stillwater and gold tailings retreatment company DRDGold are coming together to create an industry-leading surface mining partnership. Mining Weekly editor Martin Creamer speaks with Creamer Media's Sashnee Moodley about the proposed deal. 

Sibanye share price rises on gold tailings deal with DRDGold

By: Martin Creamer     22nd November 2017 The share price of Sibanye-Stillwater rose quickly and sharply on Wednesday on the news that the precious metals company had moved to create an industry-leading surface mining partnership with gold tailings retreatment company DRDGold. The proposed transaction, which saw the share price of... 

Resources Watch  

13th September 2017 Acid mine water used to recover gold from dumps; and, South African mining must be made globally competitive, says Motsepe 

Tailings-savvy DRDGold inviting collaboration, consolidation 

By: Martin Creamer     12th September 2017 Surface gold mining company DRDGold, the oldest company listed on the Johannesburg Stock Exchange with more experience than any other mining company in the recovery of gold from tailings dumps, believes that the time may have arrived for the transplanting of its remarkable expertise to other... 

Acid mine water used to recover gold from dumps – DRDGold 

By: Martin Creamer     6th September 2017 Acid mine drainage (AMD), which is water that has been polluted as a result of mining activity, is being used to relieve the cost burden of the large volume of water needed to recover gold from mine dump material, as well as lower the demand placed on scarce drinking water. Surface mining company... 

Expensive mine dump vegetation going up in flames – DRDGold 

By: Martin Creamer     5th September 2017 Surface mining company DRDGold, which has spent more money on vegetating tailings dams in the last ten years than it has paid dividends to shareholders, is seeing its dump vegetation effort going up in smoke at the same time as it comes under criticism from a leading nongovernmental organisation... 

DRDGold shrugs off challenges, declares final dividend

By: Martin Creamer     5th September 2017 Surface material gold mining company DRDGold on Tuesday declared a final dividend of 5c a share despite the challenging 12 months to June 30. DRDGold CEO Niël Pretorius described the company's exacting 2017 financial year as positioning the company well for the 2018 financial year and beyond. 

DRDGold disappointed by allegations made in latest BMF report

By: Anine Kilian     29th August 2017 Gold producer DRDGold on Tuesday expressed disappointment that the Bench Marks Foundation (BMF) had not engaged with the company when compiling its latest report ‘Waiting to Inhale’. The report found that communities living near Johannesburg’s mine dumps are at greater risk of respiratory... 

Higher clean-up costs to dent DRDGold’s FY earnings

By: Creamer Media Reporter      25th August 2017 Higher cash operating units costs, as a result of the more expensive clean-up activities at legacy mining sites in the Witwatersrand, has contributed to lower earnings a share and headline earnings a share for DRDGold for the year ended June 30. Earnings a share are expected to be between 68% and... 

UK firm acquires 10% of DRDGold

By: Anine Kilian     29th May 2017 UK-based investment company Ruffer has acquired 10% of the total issued ordinary share capital of JSE-listed DRDGold. DRDGold, led by CEO Niel Pretorius, recovers gold from the retreatment of surface tailings. 

DRDGold amends BEE deal with Khumo

By: Megan van Wyngaardt     16th March 2017 JSE-listed DRDGold will amend its black economic empowerment (BEE) deal with shareholder Khumo Gold to ensure that the latter does not breach the original agreement’s lock-in period. Khumo, which was seeking shareholder approval to enter into hedging arrangements to secure the value of the... 

Resources Watch  

23rd February 2017 Gold Fields set for ‘year of reinvestment’, announces R2.28bn South Deep growth plan; DRDGold spends R26m in six months on environmental restoration; And, Kumba applying exploration-to-beneficiation technology 

DRDGold spends R26m in six months on environmental restoration  

By: Martin Creamer     15th February 2017 Johannesburg is probably one of the world’s best examples of unintended sustainable development, where almost accidentally the mining economy has been fully replaced by another larger economy. This is because mining took place for long enough to allow for the emergence of services industries such... 

DRDGold ups operating profit on lower output as enviro cleanup weighs

By: Martin Creamer     15th February 2017 Gold-from-dumps producer DRDGold on Wednesday announced a 4% increase in operating profit to R172.6-million on 7% lower gold output for the six months to December 31. A rise in the rand gold price helped to offset the impact of lower production in the period, when the company focused on cleaning... 

Abandoned South African mine caused ‘catastrophe,’ rights group says

By: Bloomberg     27th January 2017 The closing of the Blyvooruitzicht gold mine in South Africa resulted in a humanitarian “catastrophe” and the government must protect the rights of residents who were neglected, according to an advocacy group. The mine, about 80 km (56 miles) west of Johannesburg, started production in 1942 and... 

AngloGold free cash soaring

By: Martin Creamer     14th November 2016 The generation of free cash by gold mining company AngloGold Ashanti is soaring. Free cash flow of $161-million in the third quarter is 54% higher than the free cash flow generated in the six months to June 30. 

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