DRD
DRDD
DRDGOLD - Vatukoula Announcement
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ARBN 086 277 616
JSE trading symbol: DRD
ISIN Code: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
("DRDGOLD" or "the Company")
VATUKOULA ANNOUNCEMENT
DRDGOLD draws attention to an announcement by Emperor Mines Limited ("Emperor")
yesterday in which it stated that, after an extensive three-month review of
Vatukoula Mine ("Vatukoula"), it had determined that continued mining operations
were no longer economically viable and therefore the mine would cease production
as of 5 December 2006.
Pending completion of a strategic review to optimise the value of Vatukoula and
other Fijian land holdings, the mine would be placed on a care and maintenance
programme, Emperor said.
Chief Executive Officer Mark Wellesley-Wood said DRDGOLD would work closely with
the Board and executive management of Emperor as well as ANZ Bank, in the coming
weeks, to review all the options available to Emperor.
DRDGOLD, through its wholly owned subsidiary, DRD (Offshore) Limited, holds
78.72% of the issued shares of Emperor which is listed on the Australian Stock
Exchange ("ASX"). Emperor wholly owns Vatukoula and the Tolukuma gold mine in
Papua New Guinea ("PNG"), and has a 20% interest in the Porgera Joint Venture,
also in PNG.
6 December 2006
Johannesburg
Sponsor: Standard Bank
Date: 06/12/2006 09:34:31 AM Produced by the JSE SENS Department
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