Media releases

New project provides ‘breathing space’ for DRDGOLD SA dump retreatment operations

The world’s biggest operation recovering gold from disused mine dumps, Crown Gold Recoveries (Pty) Limited (CGR), has begun reclaiming the 7.64 million-ton 3/L/2 mine dump south of Johannesburg’s central business district (CBD) to recover an estimated 115 000 ounces of gold. Johannesburg, South Africa 28 June 2007. DRDGOLD Limited (JSE: DRD; NASDAQ: DROOY). The world’s biggest operation recovering gold from disused mine dumps, Crown Gold Recoveries (Pty) Limited (CGR), has begun reclaiming the 7.64 million-ton 3/L/2 mine dump south of Johannesburg’s central business district (CBD) to recover an estimated 115 000 ounces of gold.

CGR is a wholly owned subsidiary of DRDGOLD South African Operations (Pty) Limited (DRDGOLD SA), which is 74% owned by DRDGOLD. The balance of DRDGOLD SA is held by DRDGOLD’s black economic empowerment partner, Khumo Gold (SPV), and an employee trust.

DRDGOLD SA CEO Niel Pretorius said the 3/L/2 project provided “important breathing space” for CGR, pending the outcome of the company’s application to the Department of Minerals and Energy to recover the Top Star mine dump in Booysens, Johannesburg.

CGR currently employs a total of 971 people at its various reclamation sites and its three recovery plants – Crown and City Deep, south of the Johannesburg CBD, and Knights on the East Rand. In its 25-year life, the company has reclaimed an estimated 200 million tonnes of mine dump material, from which it has recovered approximately 2.8 million ounces of gold. In the process, some 191 hectares of land have been liberated for redevelopment.

About 270 000 tons of material a month from 3/L/2 will be treated through the Crown Plant over an estimated 24-month period. The average anticipated yield is 0.290g/t. The material will be transported about 5.5km to the Crown Plant from 3/L2, which is situated east of the N1 highway in the Riverlea area.

The R11 million 3/L/2 project was commissioned on schedule on 13 June. While new pipes and pumps were installed, the bulk of the equipment was relocated from other depleted reclamation sites and refurbished.

At a rand/kilogram gold price of ±R150 000/kg, the 3/L/2 project is expected to provide for the capital requirements of the Top Star reclamation site – some R30 million.

Earlier this month, DRDGOLD and Mintails Limited (Mintails) announced the formation of a joint venture between DRDGOLD SA and Mintails SA (Pty) Limited (Mintails SA), a wholly owned subsidiary of Mintails, which has acquired from AngloGold Ashanti Limited (AngloGold Ashanti) significant gold-bearing tailings materials created from historic gold production and remaining infrastructure surrounding ERGO, a surface reclamation operation on South Africa‘s East Rand goldfields which was discontinued by AngloGold Ashanti in 2005. Mintails SA and DRDGOLD SA will each own 50% of the JV, which will be managed by CGR.


South Africa
Investor and Media Relations
Ilja Graulich, DRDGOLD
+27 11 219 8707(office)
+27 83 604 0820 (mobile)

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

North America
Investor and Media Relations
Barbara Cano, Breakstone Group International
+1 646 452 2334 (office)

United Kingdom/Europe
Investor and Media Relations
Phil Dexter, St James's Corporate Services
+44 20 7499 3916 (office)
+44 779 863 4398 (mobile)

DRDGOLD is a medium-sized, unhedged gold producer with investments in South Africa and Australasia.

In South Africa, the company has a 74% interest in DRDGOLD South African Operations (Pty) Limited (DRDGOLD SA), while in Australasia, it has a 78.72% interest in Emperor Mines Limited.

In the 2006 financial year, DRDGOLD SA contributed 60% or 315 976 ounces – of total attributable gold production of 527 401 ounces, and Emperor 211 425 ounces. At 30 June 2006, DRDGOLD’s total attributable resource base was 47.6 million ounces and its total attributable reserves were 8.8 million ounces.

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Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in general economic conditions in the markets we serve, a drop in the gold price, a continuing strengthening of the rand against the dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licences or other governmental approvals, changes in DRDGOLD's competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange rates and various other factors.

These risks include, without limitation, those described in the section entitled "Risk Factors" included in our annual report for the fiscal year ended 30 June 2005, which we filed with the United States Securities and Exchange Commission on 15 December 2005 on Form 20-F. You should not place undue reliance on these forward-looking statements, which speak only as of the date thereof. We do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to the occurrence of unanticipated events.

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