DRDGOLD RELEASES ANNUAL REPORT SUITE
28 OCTOBER 2021
In this integrated report, we address the performance and sustainable value creation of Ergo Mining Proprietary Limited (Ergo) and Far West Gold Recoveries Proprietary Limited (FWGR), the reclamation operations owned and managed by DRDGOLD Limited during the financial year from 1 July 2020 to 30 June 2021.
The Far West Gold Recoveries (FWGR) surface retreatment operation of DRDGOLD Limited, near Carletonville in South Africa’s Gauteng Province, is nearing completion of an R80 million project to convert its Driefontein No 2 Plant (DP2) to closed circuit slimes milling, the key objectives being to achieve a finer grind and thus improved gold recovery.Download feature »
DRDGOLD subsidiary Ergo Mining (Pty) Limited has begun reclamation – at a R3.8 million set-up cost – of the 2.7Mt 4L25 mine dump.
This mine dump is situated within the 4A8 reclamation area, less than 5km from downtown Johannesburg’s central business district, in the vicinity of Ergo’s City Deep milling and pumping plant.Download feature »
The reclaimed material contains high levels of copper which competes with gold for cyanide in the leach and co-adsorbes on to activated carbon. Copper and gold is removed from the carbon and subsequently recovered together in the electro winning process.
A consequence has been that gold purity in the bullion was low due to high levels of copper. Copper in bullion incurs penalty charges of between 1 and 5% at refinery level; FWGR has been allocated 98% of its gold production with 2% lost to refining charges.Download feature »
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DRDGOLD is a South African gold producer and a world leader in the recovery of gold from the retreatment of surface tailings. Our network of assets is unrivalled in South Africa and, with our consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.
At the end of FY2020, DRDGOLD provided jobs for 2 566 people, including 951 permanent employees. The remaining 1 615 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. In FY2020, the company produced 174,385oz of gold and generated R4,185 million in revenue. Our environmental spend was R54.4 million and 66 hectares of tailings storage facilities were vegetated. At 30 June 2020, Ergo’s declared Mineral Resources was 7.79Moz (897.18Mt@0,270g/t) and Mineral Reserves 3.13Moz (310.26Mt@0,313g/t). At FWGR, Mineral Resources and Mineral Reserves of 2.60Moz (237.98Mt@0.339g/t) were declared.
This website, developed by the Minerals Council South Africa which supports and promotes the South African mining industry, provides resources for teachers and learners to reinforce, enhance and extend learning. The content aligns with the Grade 12 Economic Geography of South Africa: Mining section of the South African Department of Basic Education's Curriculum and Assessment Policy Statement (CAPS).