Durban Roodepoort Deep, Limited - Strike Action At
DURBAN ROODEPOORT DEEP, LIMITED - STRIKE ACTION AT DRD"S BUFFELFONTEIN MINE
ENDED
Durban Roodepoort Deep, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
(Share code: DUR)
(ISIN: ZAE 000015079)
(ARBN number 086 277 616)
(NASDAQ Trading Symbol: DROOY)
("DRD" or "the company")
STRIKE ACTION AT DRD"S BUFFELFONTEIN MINE ENDED
Durban Roodepoort Deep, Limited is pleased to announce that strike action that
began with the nightshift on May 20 2003 at its Buffelfontein mine ("Buffels"),
part of the company"s North-West Operations near Stilfontein, has ended.
Workers returned for the night shift on May 21.
Settlement was reached between management and the National Union of Mineworkers
(NUM) on a new wage package and living out allowance. It was agreed that workers
would receive R1 850 a month and a living out allowance of R300. Implementation
date is 1 June 2003.
DRD management welcomed the quick resolution of the strike, saying both parties
had put in a strong effort to resolve the issue to mutual benefit.
The company said there had been minimal disruption to the operation. Gold
production was virtually unaffected due to continued treatment of stockpiled
ore.
Queries:
Ilja Graulich, DRD
27 11 381 7800 (w)
27 83 604 0820 (cell)
James Duncan, Russell & Associates
27 11 880-3924 (w)
27 82 892-8052 (cell)
Johannesburg
22 May 2003
Date: 22/05/2003 09:20:15 AM Supplied by www.sharenet.co.za
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