JOHANNESBURG (miningweekly.com) – ERPM South Africa, which is buying the underground mining and prospecting rights held by East Rand Proprietary Mines (ERPM), as well as certain other assets on relating mining areas, from DRDGold’s Ergo Mining Operations subsidiary, has finalised the required funding arrangements to proceed with the deal.
DRDGold reported in July that Ergo would sell the ERPM extensions 1 and 2 mining and prospecting rights and assets, as well as the project’s high-density sludge processing plant, all material mining infrastructure and associated movable machinery, plant and equipment located within the mining area, to ERPM South Africa for R220-million.
At the time, the JSE-listed miner said this formed part of plans to dispose of noncore assets.