DRDGOLD and Aurora announced today that they have signed a Heads of Agreement relating to an offer in terms of which Aurora will acquire a 60% interest in Blyvoor for R296.2 million with effect from 1 December 2009.
DRDGOLD Limited last night rejected a public announcement made earlier in the day by trade union Solidarity that the company intends to retrench 1 300 employees at its 74%-owned Blyvooruitzicht gold mine near Carletonville.
DRDGOLD Limited announced today that a wage-related strike by some 500 employees in the National Union of Mineworkers recognition unit at the Crown Gold Recoveries surface retreatment operations, have returned to work.
DRDGOLD said today that wage-related strike action by a total of 4 400 employees in the National Union of Mineworkers recognition units at the Blyvooruitzicht Gold Mining Company Limited and Crown Gold Recoveries Limited operations, which are held by the companys 74%-owned subsidiary, DRDGOLD South African Operations Limited, has entered its third week.
DRDGOLD Limited has announced that ASX-listed Mintails has conditionally accepted an offer by DRDGOLD to acquire all of Mintails South African business assets except its interest in underground explorer West Wits Mining Limited (WWI).
The company is pleased to announce that, at the general meeting held yesterday to consider the acquisition by the DRDGOLD group of the 50% interest held by the Mintails group in the Elsburg Gold Mining Joint Venture, all the resolutions were passed by the requisite majorities of votes.
DRDGOLD wishes to advise that underground operations at the No 5 shaft of the Blyvooruitzicht mine held by DRDGOLD South African Operations (Pty) Limited resumed at the start of the night shift on Thursday 22 January 2009.
Consultations in terms of Section 189A of the Labour Relations Act regarding the future of employees affected by the placing on care and maintenance of the underground operations of the Boksburg-based ERPM mine of DRDGOLD SA have been concluded.
Work is under way to bring to surface some 167 underground workers who are currently safe in rescue bays at the No 5 Shaft of DRDGOLD South African Operations (Pty) Limited’s Blyvooruitzicht gold mine near Carletonville