DRD - DRDGOLD Limited - Sale of Fijian assets of E
DRD
DRDD
DRD - DRDGOLD Limited - Sale of Fijian assets of Emperor Mines Limited
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ARB number 086 277 616
JSE trading symbol: DRD
ISIN Code: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
("DRDGOLD")
SALE OF FIJIAN ASSETS OF EMPEROR MINES LIMITED
Emperor Mines Limited ("Emperor") (ASX:EMP) announces that it is in the process
of finalising an agreement for the sale of its Fijian assets, including the
Vatukoula mine, with Westech International Limited ("Westech"), a private
company incorporated in Australia.
Emperor proposes to sell 100% of its shares in the Australian companies which
hold its Fijian interests. The intention is that all assets and liabilities of
the Fijian operations will be transferred to Westech with immediate effect.
The sale will mark the end of Emperor`s association with the Vatukoula
operation, and should allow management to concentrate on the restructure process
announced earlier this year.
Emperor has been in discussion with Westech and the Interim Government of the
Republic of Fiji, to provide joint social and environmental assistance to the
Vatukoula community, and to lessen any impact arising from the cessation of
mining at Vatukoula in December last year. Emperor has been informed that the
Interim Cabinet of the Republic of Fiji, after extensive consultation with the
parties, has agreed to support the sale process.
MORE INFORMATION
Patrick Bindon - Director - Corporate Communications, Emperor Mines Limited
MOBILE +61 438 757 525
pbindon@emperor.com.au
Date: 16/03/2007 07:00:01 Produced by the JSE SENS Department.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
