DRD - DRDGold Limited - Blyvoor Strikers Return to Work
DRD
DRDD
DRD - DRDGold Limited - Blyvoor Strikers Return to Work
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
("DRDGOLD" or "the company")
BLYVOOR STRIKERS RETURN TO WORK
DRDGOLD announced today that a wage-related strike by 3 900 employees in the
National Union of Mineworkers ("NUM") recognition unit at the Blyvooruitzicht
Gold Mining Company Limited ("Blyvoor") operation is over.
The NUM signed a wage agreement with the company on Friday afternoon and about 3
900 employees in the NUM recognition unit at the mine, who have been on strike
since 15 September, returned to work at the start of the night shift last night
(Sunday, 11 October 2009).
The agreement provides for an 8% across-the-board basic wage increase. The union
rejected the company`s offer of a gold profit sharing scheme, in terms of which
employees could have earned up to an additional 7%.
At DRDGOLD`s East Rand Proprietary Mines Limited operation, where underground
mining has been discontinued, the NUM accepted a 4% across-the-board basic wage
increase and the gold profit sharing scheme the week before last. At the Crown
Gold Recoveries (Pty) Limited operation, the union accepted an 8% across-the-
board increase and the gold profit sharing scheme on Wednesday last week and 500
striking employees returned to work on Thursday.
DRDGOLD`s estimated daily gold production loss due to the strike action was some
320 ounces, almost entirely from Blyvoor`s deep-level underground mining
operation.
Randburg
12 October 2009
Sponsor
QuestCo Sponsors
Date: 12/10/2009 12:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
