Media releases
15 November 2004
Acquisition facility and issue of shares for cash
ACQUISITION FACILITY AND ISSUE OF SHARES FOR CASH
09 November 2004
JcCI Gold/CAM application for leave to appeal rejected
JHB High Court Judge Lewis Goldblatt today dismissed with costs an application by Brett Kebble’s JCI Gold and CAM for leave to appeal against an order to pay Durban Roodepoort Deep, Limited (DRDGOLD) an amount of R35.7 million, plus interest and costs, including the costs of two counsel.27 October 2004
DRDGOLD board changes
Appointment of James Turk to its board as a Non-executive Director.27 October 2004
Offshore operations continue to shine
DRD today reported a continued strong performance from its offshore operations for the quarter ended 30 September 2004.21 October 2004
DRDGOLD wins R35.7 million case against JCI Gold/CAM
Johannesburg High Court Judge Lewis Goldblatt today ordered Brett Kebble’s JCI Gold and CAM to pay DRDGOLD an amount of R35.7 million, plus interest and costs, including the costs of two counsel.08 October 2004
ERPM jobs looking more secure: CGR Chairman
Jobs of some 2 000 people employed at ERPM are looking more secure05 October 2004
Blyvoor retrenchment process completed
DRD has announced that the retrenchment process at its Blyvooruitzicht mine, near Carletonville, South Africa, has been completed.22 September 2004
DRD release Tolukuma social responsibility report
DRD has released the 2004 Tolukuma Gold Mine Social Responsibility Report for its 100% owned Tolukuma Gold Mine in Papua New Guinea (PNG).10 September 2004
Blyvoor retrenchments to cost R30 million
Contrary to a report in today’s Business Day, retrenchments of up to 2 000 employees at DRD’s Blyvoor mine are expected to cost approximately R30 million.02 September 2004
DRD proposes ‘urgent, robust measures’ to stop Blyvoor’s ‘bleed’
DRD has tabled proposals, under its Section 189 consultation process, to restore its Blyvooruitzicht (Blyvoor) gold mine near Carletonville, South Africa to profit.27 August 2004
Notice of general meeting
General Meeting 28 September 2004
18 August 2004
DRD lists on Port Moresby Stock Exchange
DRD today listed on the Port Moresby Stock Exchange (POM SoX), reflecting the company’s growth as one of PNG’s major gold producers.10 August 2004
DRD’s Australasian operations shine
A strong performance from DRD’s Australasian operations helped the company to a cash operating profit of US$8.0 million for the quarter ended 30 June 2004, CEO Ian Murray announced today.05 August 2004
Eloff throws in the towel
DRD has been advised by attorneys representing its former company secretary, Maryna Eloff, that she has unilaterally withdrawn her claim of constructive dismissal against the company.04 August 2004
DRD Chairman appointed Emperor Managing Director
The Board of Directors of Emperor Mines Limited yesterday appointed Mark Wellesley-Wood as Managing Director26 July 2004
DRD’s offer for Emperor mines definitely closing July 30
DRD has today announced that subject only to any automatic extension required by the Australian Corporations Act, it will not extend its takeover offer for Emperor Mines Limited beyond its closing date of 30 July 2004.14 July 2004
DRD extends final unconditional Emperor offer to 30 July
DRD today extended its offer to acquire all the shares in Emperor. The offer now closes on 30 July 2004, unless extended.06 July 2004
DRD offer for Emperor goes unconditional
DRD today removed all conditions from its offer to acquire all the shares in Emperor Mines Limited (Emperor). The offer is now unconditional.28 June 2004
DRD closes out last remaining hedge
DRD is pleased to announce that it will be closing out its only remaining hedge contract in line with its policy of not hedging gold production.10 June 2004
DRD welcomes Emperor’s recommendation of final offer
Chief Executive Officer Ian Murray has welcomed a decision by a majority of the independent directors of the Emperor Mines Limited board to recommend to shareholders that they accept DRD’s final, revised offer for the company.09 June 2004
Joint news release from Harmony and Durban Roodeport Deep
Response to LNM-dti agreement now in public domain19 May 2004
Rawas exception dismissed
DRD today succeeded in the High Court of South Africa in having an exception relating to the Rawas Transaction dismissed.13 May 2004
DRD rejects Emperor independent expert report
DRD has remained committed to its bid of one DRD share for five Emperor Mines Limited shares for control of the company10 May 2004
DRD to seek Papua New Guinea listing
DRD, one of Papua New Guinea’s leading gold miners, today announced its intention to seek a listing on the country’s Port Moresby Stock Exchange.06 May 2004
DRD extends emperor offer period
DRD announced today that it is extending the scheduled closing date of its offer for Emperor Mines Limited (Emperor) by 28 days06 May 2004
Arbitration case awarded in DRD’s favour
The Council for Conciliation, Mediation and Arbitration (CCMA) has awarded in Durban Roodepoort Deep, Limited’s (DRD) favour following an application brought by Ms Benita Morton, DRD’s former legal advisor.28 April 2004
DRD profit up 35%
DRD has reported a 35% increase in cash operating profit to US$19.1 million (38% in Rand terms to R130.4 million) for the quarter ended 31 March 2004.26 April 2004
Sale of 5% interest in Porgera joint venture to MRE will not proceed
DRD regrets to advise that despite two extensions to the relevant deadline, a number of the conditions precedent for the transaction have still not been fulfilled13 April 2004
DRD bid for emperor moves ahead
DRD's bid for Emperor Mines Limited has progressed with the dispatch to Emperor shareholders of the Bidder’s Statement, confirming the offer of one DRD share for every five of their Emperor shares.06 April 2004
DRD takes bigger stake in goldmoney.com
DRD has increased its stake in leading internet-based gold marketing company GoldMoney.com to 14% with a further investment of US$1.8 million.
30 March 2004
Statement: R3.5 million suit against Roger Kebble
DRD’s R3.5 million suit against Roger Kebble for breaching a restraint of trade agreement was heard in the Johannesburg High Court today.26 March 2004
Statement: DRD-JCI/CAM court case
DRD Chief Executive Officer Ian Murray said he was “unfazed” by the postponement granted to JCI and CAM in the Johannesburg High Court today (26.03.04) of proceedings by DRD against JCI and CAM for the recovery of some R40 million, including interest.25 March 2004
Blyvoor’s “Rand-beater” task team secures outcomes-based workplace agreement with rock drill operators
An outcomes-based incentive scheme for rock drill operators at DRD’s Blyvooruitzicht Mine is the first initiative to emerge from the efforts of a multi-disciplinary task team appointed two weeks ago to “beat the R/kg gold price before it beats us”.25 March 2004
DRD responds to court judgement
During the course of last year, Roger and Brett Kebble brought an action against DRD and Associated Intelligence Network (Pty) Ltd, claiming punitive constitutional damages arising out of alleged invasion of privacy and constitutional rights. DRD is defending the action.15 March 2004
DRD’s Blyvoor Mine appoints stakeholder task team to help fight impact of Rand strength on margins
Durban Roodepoort Deep, Limited‘s Blyvooruitzicht Mine has appointed an eight-person task team, representative of management and organised labour, to urgently investigate the negative impact on the operation’s margins by the effect of Rand strength on costs and revenues, and to propose counter measures.08 March 2004
Offer to shareholders of Emperor Mines Limited
1. INTRODUCTION QuestCo (Pty) Limited is authorised to announce that, in keeping with its Australasian expansion strategy, DRD will make an offer to acquire all of the outstanding shares in Emperor Mines Limited (“Emperor”). Emperor is a gold mining company listed on the Australian Stock Exchange Limited (“ASX”). Emperor’s main asset is the Vatukoula gold mine, located on the northern coast of Fiji’s largest island, Viti Levu. Emperor also has an advanced stage exploration project, Tuvatu, located on the western coast of Viti Levu.
07 March 2004
DRD announces takeover offer for Emperor Mines Ltd
Johannesburg, South Africa – 8 March 2004 – Durban Roodepoort Deep, Limited (JSE:DUR; NASDAQ:DROOY; ASX:DRD) is pleased to announce its intention to merge with Emperor Mines Limited (ASX: EMP). The proposal follows weekend discussions between the two parties. The merger will be implemented by DRD making a scrip takeover offer at a premium for all the shares it does not own in Emperor. DRD currently holds 19.78% of Emperor.
04 February 2004
DRD agrees to sell 5% interest in Porgera gold mine to MRE
DRD is pleased to announce that Orogen Minerals (Porgera) Limited, its wholly owned, Papua New Guinea registered subsidiary, which owns 20% of the Porgera Gold Mine mineral tenements (“tenements”), has concluded a transaction with local land owner, Mineral Resources Enga Limited ("MRE"), to sell a 5% direct interest of the tenements to MRE for a purchase price of US$22.521 million with an effective date of 1 January 2004.29 January 2004
DRD scores safety hat trick
DRD has scored a safety hat trick29 January 2004
DRD beats stronger Rand
DRD increased gold production by 20% and reduced costs by 13% to “substantially beat” the negative impact of the stronger Rand during the quarter ended 31 December 200329 January 2004
DRD squares up once more to Iscor
DRD said today that it would continue, together with Harmony Gold Mining, its action against iron and steel giant Iscor to secure “fair” steel prices.26 January 2004
DRD takes strategic stake in goldmoney.com
DRD today broadened its initiatives to expand the gold market by announcing its acquisition of a strategic stake in GoldMoney.com