Media releases

2002

Shareholders are referred to the announcement dated 2 December 2009 relating to the sale of a 60% interest in DRDGOLD SAs wholly owned Blyvoor, to Aurora for a consideration of R296.2 million with effect from 1 December 2009.

An embargoed Oxfam media release alleging mercury pollution by Durban Roodepoort Deep, Limited’s Tolukuma Gold Mine in Papua New Guinea, scheduled for release on Monday, 4 November 2002, has been brought to the company’s attention. In the interests of transpare ncy, the company has decided to break the embargo and issue the full Oxfam release (attached), together with the company’s response.

Durban Roodepoort Deep, Limited (DRD) has successfully raised US$60 million, primarily to fund growth, through the issue of four year 6% Senior Convertible Notes, mainly to investors in North America and Europe, Chairman and Chief Executive Officer Mark Wellesley-Wood announced today (4.11.02).

In a "curtain-raiser" to the South African Mining Charter released yesterday, Crown Gold Recoveries (Crown) – a black economic empowerment (BEE) joint venture between Durban Roodepoort Deep, Limited (DRD) and Khumo Bathong Holdings (Pty) Limited (KBH), announced today (Thursday, 10 October, 2002) that it has secured an agreement to purchase East Rand Proprietary Mines Limited (ERPM) for R90 million.

Durban Roodepoort Deep, Limited (DRD) has confirmed that it has closed out its full revenue hedge book, as promised to the market.

An application by Durban Roodepoort Deep, Limited (DRD) to the South African High Court to validate the allotment and issue of 8 252 056 DRD ordinary shares has been successful.

Durban Roodepoort Deep (DRD) is to be included in the Top 40 index of the new series of FTSE/JSE indices that are to be launched on 24 June 2002. The share will have a 100% weighting and a ranking of 30 in the index. DRD’s move from the mid-cap index to the Top 40 index follows the sharp increase in its share price in the last year. Its new ranking is based on the share’s market capitalisation as at 7 June, which amounted to R8.5 billion (at a share price of R50). This is compared to R770 million in July 2001.

Durban Roodepoort Deep, Limited (DRD), South Africa’s fourth largest gold mining company, announced today that it intends to seek full listing on the Australian Stock Exchange, subject to the grant of the necessary waivers from the ASX Listing Rules and confirmation on other administrative matters.

Durban Roodepoort Deep, Limited (DRD) has issued proceedings in the Supreme Court of Western Australia against a number of individuals and companies for the recovery of misappropriated funds, Chairman and Chief Executive Officer Mark Wellesley-Wood told a special meeting of shareholders in Johannesburg today (Friday, 7 June, 2002).

Durban Roodepoort Deep, Limited Chairman and Chief Executive Officer Mark Wellesley-Wood has strongly denied reports which began circulating yesterday that the company was "set to lose over 40% of its refined gold production this year due to the exhaustion of a mine".

Durban Roodepoort Deep, Limited (DRD) has announced the placement of 10.0 million new shares to raise approximately $40 million, $35 million of which will be used to accelerate the close out of the company’s hedge book positions.

Durban Roodepoort Deep Limited, whose North West Operations have been in the news in recent weeks due to deteriorating safety performance, announced today (9.5.02) that its Blyvooruitzicht (Blyvoor) Mine near Carletonville has won one of the gold mining sector’s most important safety competitions for the fourth year in succession.

At a meeting of the board of Durban Roodepoort Deep, Limited today (20 March 2002), the board has confirmed:
  • Chairman and CEO, Mark Wellesley Wood has been granted a work permit by the relevant South African government authorities which will enable him to travel unrestricted to and from South Africa and to conduct business on behalf of the company in an executive capacity.

Durban Roodepoort Deep, Limited has announced a new profit sharing scheme at its Blyvooruitzicht Mine near Carletonville that will give the mine's lowest paid workers the opportunity to boost their earnings by 55%.

At a special meeting of the Board of Durban Roodepoort Deep, Limited yesterday (5.3.02), Mark Wellesley-Wood received the directors’ unanimous support to continue in his capacity as the company’s Chairman and Chief Executive Officer.

I refer to my Chairman’s Statement accompanying the Financial Statements for the year ended June 30 2001 in which I undertook to keep shareholders informed of progress on the above matter.

Durban Roodepoort Deep, Limited (DRD) this morning (04.03.02) suspended Executive Deputy Chairman Roger Kebble from his executive functions with immediate effect.

Contrary to a report in today’s City Press newspaper (3.3.02), Durban Roodepoort Deep, Limited’s Chairman and Chief Executive Officer, Mark Wellesley-Wood, has not been served with deportation orders and ordered out of South Africa.

The Board of Directors of DRD is pleased to announce that DRD has reached agreement with KBH, the mining company led by Dr Paseka Ncholo, and The Industrial Development Corporation of South Africa Limited (“the IDC”)

Durban Roodepoort Deep, Limited’s Mark Wellesley-Wood and Khumo Bathong Holdings’ Dr Paseka Ncholo today (Wednesday, 13 February, 2002) jointly announced a ground-breaking partnership between their respective companies.

Durban Roodepoort Deep, Limited (DRD) reported “creditable” improvements in performance in the second quarter of the financial year compared with the previous quarter, said Chairman and CEO Mark Wellesley-Wood at the release today (Thursday, 24 January 2002) of the company’s results for the quarter ended 31 December 2001.

Durban Roodeport Deep, Limited (DRD) announced today (14 December 2001) that it has repaid in full – including interest to date – the Western Areas Limited advance amounting to R149 375 483.11 it received on 21 February 2000.

Durban Roodepoort Deep, Limited (DRD) has concluded a three-year loan agreement with the Bank of South Pacific for A$4.2 million to finance the capital expenditure required to increase production at its Tolukuma Gold Mine in Papua New Guinea (PNG) by 50% to 120 000 ounces a year.

Durban Roodepoort Deep, Limited (DRD) today (18.10.01) reported further improvements in operating and financial performance for the quarter ended 30 September 2001, underpinning the positive turnaround in the company’s fortunes in the previous quarter.

Shareholders of DRD and AFL (“the Companies”) are referred to their respective cautionary announcements dated 21 August 2001, and are advised that due to the current market volatility

Security holders are advised that DRD is involved in negotiations which may have an effect on the price at which DRD securities trade on the various exchanges on which it is listed.

Durban Roodepoort Deep, Limited (DRD) today (21 August 2001) confirmed that the company is involved in discussions with The Afrikander Lease Limited.

Durban Roodepoort Deep, Limited (DRD) today (24.07.01) reported a positive turnaround in operating and financial performance for the quarter ended 30 June 2001 and unveiled more about growth at both its Blyvoor (South Africa) and Tolukuma (Papua New Guinea) operations.

DURBAN ROODEPOORT DEEP, LIMITED (NASDAQ: DROOY) In December 2000, Durban Roodepoort Deep, Limited received notice from the Nasdaq Stock Market of Nasdaq’s intention to de-list the Company’s securities from the Nasdaq National Market on 20 February 2001, due to the fact that its American Depositary Shares have consistently traded blow the required minimum bid price of $1.00.

Durban Roodepoort Deep, Limited (DRD) today reported that improvements in operational performance, coupled with a best-ever cash profit after capex of R15 million (US$2 million), have realized significantly improved results for the quarter ended December 2000.

Durban Roodepoort Deep, Limited's North West Operations achieved one million fatality free shifts on Saturday 2 December 2000.

Johannesburg, 3 November 2000: Durban Roodepoort Deep, Limited (DRD) Chairman Mark Wellesley-Wood announced today that CEO Mike Prinsloo would be relinquishing his role as CEO of the company and has taken indefinite leave.

Johannesburg, 3 November 2000. Durban Roodepoort Deep, Limited (DRD) today reported a cash operating profit of R26.9 million (US$3.8 million), a decrease of some R22 million from the previous quarter.

Johannesburg, 3 November 2000: Durban Roodepoort Deep, Limited (DRD) today reported a cash operating profit of R26.9 million (US$3.8 million), a decrease of some R22 million from the previous quarter.

Johannesburg, 2 August 2000. Durban Roodepoort Deep, Limited reported today a 121% increase in cash operating profit to R49.7 million (US$7.4 million) for the quarter ended June 2000, with quarterly gold production of 292,698 oz.

Durban Roodepoort Deep, Limited, (DRD) has announced the appointment of Mr Charles Mostert, Chief Financial Officer and Chief Executive Officer, DRD Australasia, as Chairman of Dome Resources NL.

Johannesburg, 3 May 2000 - The Durban Roodepoort Deep group repositioned its South African operations during the March quarter in the face of the loss of synergies with neighbouring Randfontein Estates and the disruptions and costs flowing from the abnormally heavy rains in January and February.

Johannesburg, 31 March 2000 - The DRD group's Durban Roodepoort Deep mine announced today that it was mothballing its loss-making No 6 Shaft with immediate effect.

13 March 2000. Durban Roodepoort Deep, Limited ("DRD") today dispatched its Part A offer for all the fully paid ordinary shares in Dome Resources NL ("Dome") to Dome Shareholders.

Johannesburg, 8 March 2000 – Durban Roodepoort Deep said today the holing between Blyvooruitzicht and Doornfontein mines had been successfully effected, keeping its Blyvoor 2000 project on schedule.

Johannesburg, 23 February 2000 - Durban Roodepoort Deep has closed one of its shallow working shafts, the Number 16 Shaft of its West Wits section, for safety reasons after an influx of water attributable to the recent heavy rains raised the water levels to the shaft's main production and hoisting level.

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