DRDGOLD Limited - Drdgold Suspends Operations At I
DRDGOLD Limited - Drdgold Suspends Operations At Its North West Operations` No.
2 Shaft Following Further Earth Tremors
DRDGOLD Limited
(Formerly Durban Roodepoort Deep, Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
Share code: DRD
ISIN: ZAE000058723
ARBN number: 086 277 616
NASDAQ trading symbol: DROOY
(`DRDGOLD`)
DRDGOLD SUSPENDS OPERATIONS AT ITS NORTH WEST OPERATIONS` NO. 2 SHAFT FOLLOWING
FURTHER EARTH TREMORS
DRDGOLD yesterday suspended operations at its North West Operations (`NWO`) No.
2 Shaft following a further tremor, which knocked out three production panels.
No one was seriously injured in the tremor.
A full risk assessment of No. 2 Shaft is being conducted by the NWO`s rock
engineering department.
Operations at the NWO No. 5 Shaft remain suspended following an earthquake last
Wednesday, 9 March 2004 that registered 5.3 on the Richter Scale.
Preliminary indications are that the damage to the No. 5 shaft area is
extensive. An overall assessment from a risk and financial perspective is
currently under investigation at No. 5 shaft.
DRDGOLD`s NWO are currently undergoing an operational review in terms of Section
189 of the Labour Relations Act after the operations recorded losses exceeding
R270 million in the six months to 31 December 2005.
The Management Board of the NWO is awaiting a report on the effects of the
business interruptions caused by the tremors and the sustainability of the
operations and will review the report as a matter of urgency.
Together, the No. 2 and No. 5 Shafts account for 30% of NWO`s total production
and employs 1905 people.
DRDGOLD`s interests in the NWO are held through its wholly-owned subsidiary,
Buffelsfontein Gold Mines Limited.
Johannesburg
17 March 2005
Date: 17/03/2005 03:50:57 PM
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