DRD - DRDGold - Blyvooruitzicht Gold Mine to disci
DRD
DRDD
DRD - DRDGold - Blyvooruitzicht Gold Mine to discipline illegal strikers
DRDGold 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" or "the company")
BLYVOORUITZICHT GOLD MINE TO DISCIPLINE ILLEGAL STRIKERS
DRDGOLD hereby announces that the management of its subsidiary, Blyvooruitzicht
mine near Carletonville, has begun instituting a disciplinary processes against
striking employees who began an illegal work stoppage at the start of the night
shift on Tuesday, 13 February 2007.
The illegal work stoppage is believed to be related to worker concerns regarding
the calculation of leave pay and to a demand by rock drill operators for a 40%
wage increase.
The striking workers failed to respond to a court order served on Wednesday
night, 14 February 2007, prohibiting them from continuing with their illegal
industrial action and to a management ultimatum issued yesterday night for them
to return to work or face disciplinary action.
Blyvooruitzicht is a mature mining operation, currently producing approximately
576 ounces of gold a day; while the mine has been able to maintain reduced
levels of gold production by processing stockpiled ore and surface material, an
immediate end to the illegal strike action is essential to prevent serious
economic consequences to the operation.
DRDGOLD SA CEO Niel Pretorius said today: "To date, the illegally striking
workers have been unresponsive to attempts by management and the National Union
of Mineworkers to effect a return to work and to participate in discussions
regarding their grievances, using established procedures; disciplinary action is
the next logical step."
Johannesburg
16 February 2007
Sponsor
Standard Bank
Date: 16/02/2007 12:02:52 Produced by the JSE SENS Department.
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