Media releases

Blyvoor 'not for sale': says DRDGOLD SA

Details

Published: Wednesday, 31 January 2007 02:00

DRDGOLD South African Operations (Pty) Limited CEO Niel Pretorius said tonight (Wednesday, 31 January 2007) that the company's wholly owned Blyvooruitzicht (Blyvoor) gold mining operation near Carletonville, South Africa, was "not for sale".
DRDGOLD South African Operations (Pty) Limited CEO Niel Pretorius said tonight (Wednesday, 31 January 2007) that the company's wholly owned Blyvooruitzicht (Blyvoor) gold mining operation near Carletonville, South Africa, was "not for sale".

Pretorius was reacting to a Bloomberg report earlier in the day quoting Simmer & Jack CEO Gordon Miller as saying that Simmer & Jack would be interested in acquiring Blyvoor.

"Both DRDGOLD SA and its major shareholder, DRDGOLD Limited, regard Blyvoor as a core asset. There are no economic reasons why either would consider disposing of the operation," Pretorius said.

Further, Pretorius said, any consideration of disposal would necessitate consultation with DRDGOLD SA minority shareholder and Black Economic Empowerment partner Khumo Gold, and there had been 'nothing remotely’ to prompt any such consultation.

Queries:

Ilja Graulich
DRDGOLD Limited
27 11 219-8700 (office)
27 83 604-0820 (mobile)

James Duncan
Russell & Associates
27 11 880-3924 (office)
27 82 892 8052 (mobile)