Not logged in
  Home   Markets   Shares   Funds   Portfolio   Toolbox   Charting   Alerts   Directory   
 Admin   

Thu 17 Feb 2005, 11:31 Kebble tells of ‘overtures’ from DRDGOLD
MINING magnate Brett Kebble said last night he had received informal approaches from managers at DRDGOLD, asking him to take over the its loss-reporting South African assets. 

However, Kebble said he would pay just a nominal fee for the mines -which would make DRDGOLD bosses less inclined to do a deal.

`The South African operations are losing between R20m and R25m a month, and I am concerned about the communities who would be affected by mine closures,` he said.

He said DRDGOLD had recently warned that it might shut down some unprofitable shafts.

`I have been asked whether, if the assets were on offer, I would be prepared to take them on.
And we would be prepared to do so,` said Kebble.


`We offered to buy their Klerksdorp assets two years ago, which was not accepted, and since then these have cost them R200m,` he said.

Kebble said if a deal could be struck, the DRDGOLD SA assets would be housed in Simmer & Jack, a subsidiary of JCI.

DRDGOLD spokesman Ilja Graulich said if Kebble were to make an offer, there would be a fiduciary obligation to look at it.

`He must send us something,` he said.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
Other Profile Group sites: FundsData Online (unit trust data)  |  Profile Group corporate site
[  Terms of Use |  Privacy Policy |  PAIA manual |  FAQs/Help |  Site Map |  © Copyright Reserved 2026  ]
  


Powered by ProfileData

Profile Mobile App Google Play Store Apple App Store


Follow us on: