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Union lays charge against government

Trade union Solidarity yesterday announced that it had laid a people’s charge on behalf of the people of Stilfontein against the government of South Africa at the parliament in Cape Town. 

Industry’s paradigm shift

By: Nicola Mawson The change has evolved over the last ten years 

DRD sees consolidation-linked growth in SA

By: Martin Czernowalow South Africa's fourth-largest gold producer, Durban Roodepoort Deep (DRD), said yesterday that, while it does not see growth opportunities in the country through exploration or expansion, it does see possible growth through acquisitions and consolidation - a trend resulting from the... 

ERPM lives to fight another day

By: Martin Czernowalow Marginal South African gold operation East Rand Proprietary Mines (ERPM), set for closure in May next year, has been thrown a lifeline, which could mean that some 2 000 miners' jobs are secure for the time being. 

Unions up in arms as Harmony moves to retrench

By: jenny furness Mineworker trade unions have reacted with dismay to revelations that gold giant Harmony had initiated proceedings that could lead to retrenchments at its Free State operations. 

Unions up in arms as Harmony moves to retrench

By: jenny furness Mineworker trade unions reacted with dismay yesterday to revelations that gold giant Harmony had initiated proceedings that could lead to retrenchments at its Free State operations. 

DRD's Blyvoor job cuts to cost R30m

South African gold producer Durban Roodepoort Deep (DRD) said on Friday that retrenchments of up to 2 000 employees at its Blyvooruitzicht mine, near Carletonville, are expected to cost approximately R30-million. 

DRD seeks to double equity

South African gold producer Durban Roodepoort Deep (DRD) said last week that the number of authorised ordinary no par value shares is insufficient to facilitate the company’s acquisition and growth strategies. 

Former employee drops case against DRD

South African gold producer Durban Roodepoort Deep (DRD) has been advised by attorneys representing its former company secretary, Maryna Eloff, that she has unilaterally withdrawn her claim of constructive dismissal against the company. 

DRD will not extend Emperor offer

South African gold producer Durban Roodepoort Deep (DRD) said this week that, subject only to any automatic extension required by the Corporations Act, it would not extend its takeover offer for Emperor Mines beyond its closing date of July 30. 

More gold-mine jobs at risk as ERPM retrenchments begin

By: Martin Czernowalow South African century-old gold-mine East Rand Proprietary Mines (ERPM) will begin downsizing its underground operations tomorrow, as the country’s gold-mining industry begins to buckle under the pressure from an ever-strengthening rand. 

DRD extends final offer for Fiji mine

South African gold producer Durban Roodepoort Deep (DRD) yesterday extended its offer to acquire all the shares in Emperor Mines, in Fiji. 

DRD closes ‘gold-for-electricity’ hedge

South African gold producer Durban Roodepoort Deep (DRD) announced yesterday that it would close out its only remaining hedge contract, in line with its policy of not hedging gold production. 

DRD refuses to raise Emperor offer

South African gold producer Durban Roodepoort Deep (DRD), has yeaterday said it rejected an independent valuation of Australia’s Emperor Mines and remained committed to its bid of one DRD share for five Emperor shares for control of the company. 

SA gold-miner seeks Papua New Guinea listing

By: Martin Czernowalow South African gold producer Durban Roodepoort Deep (DRD) announced yesterday that it intends to seek a listing on Papua New Guinea’s (PNG) Port Moresby Stock Exchange. 

DRD halts sale of PNG-mine stake

By: Martin Czernowalow South African gold producer Durban Roodepoort Deep (DRD) said yesterday that the sale of a stake in the Porgera joint venture, in Papua New Guinea, would not go ahead. 

DRD ups stake in Internet-based company

South African gold producer Durban Roodepoort Deep (DRD) has increased its stake in leading Internet-based gold marketing company GoldMoney.com to 14%, with a further investment of $1,8-million. 

DRD announces first ‘rand-beating’ incentive

South African gold producer Durban Roodepoort Deep (DRD) said an outcomes-based incentive scheme for rock-drill operators at its Blyvooruitzicht mine is the first initiative to emerge from the efforts of a multidisciplinary task-team, appointed two weeks ago, to “beat the rand-per-kilogram... 

Kebbles’ civil claim to go to trial

By: Martin Czernowalow A R10-million infringement claim, brought against gold producer Durban Roodepoort Deep (DRD) and Associated Intelligence Network, will go to trial, the Johannesburg High Court ruled yesterday. 

NUM denies impending strike

South Africa's National Union of Mineworkers (NUM) yesterday denied media reports that it threatened a nationwide strike of its 300 000 members. 

DRD appoints task team to fight rand’s effects

South African marginal gold producer Durban Roodepoort Deep’s (DRD) Blyvooruitzicht mine has appointed an eight-person task team, representative of management and organised labour, to urgently investigate the negative effect, on the operation’s margins, of the rand’s strength,... 

Monopoly charge triggers water utility backwash

By: Keith Campbell WATER utility Rand Water has firmly rejected claims that it is exploiting its monopoly position to the detriment of the local mining industry. 

DRD moves to acquire 100% of Emperor Mines

By: laurian clemence South African gold miner Durban Roodepoort Deep (DRD) yesterday announced that it intends to merge with Australian miner Emperor Mines, after weekend discussions between the two parties. 

Rand and investment remain challenges

By: renay de The biggest challenge facing the South African gold mining industry at the moment is the fluctuating rand, reports Khumo Bathong Holdings executive director Adv Palesa Sedibe-Ncholo. 

‘Monopoly pricing’ fight heats up

By: Keith Campbell “Take the supplier monopolies away!” is the battle cry of South African gold miner Durban Roodepoort Deep (DRD) executive chairman Mark Wellesley-Wood. 

Bigger Target North now under consideration

By: Irma Venter The exploitation of Target North has gained a new dimension under the planned April merger between gold-miners Harmony and Avgold. 

DRD to sell 5% interest Porgera

South African gold miner Durban Roodepoort Deep (DRD) yesterday announced that Orogen Minerals (Porgera), its wholly owned Papua New Guinea registered subsidiary, which owns 20% of the Porgera Gold Mine mineral tenements, has concluded a transaction with local land owner, Mineral Resources Enga... 

DRD increases output 20% in December quarter

South African gold miner Durban Roodepoort Deep (DRD) said that it had increased gold production by 20% and reduced costs by 13% to ‘substantially beat’ the negative impact of the stronger rand during the quarter ended December 31, 2003, executive chairperson Mark Wellesley-Wood said... 

DRD commissions R45m slimes project at Blyvoor

South African marginal gold miner Durban Roodepoort Deep’s (DRD) flagship Blyvooruitzicht mine (Blyvoor), near Carletonville, has successfully commissioned a R45-million slimes dam reclamation project, expected to bring in more than 84 kg of gold a month, over eight years, at a cost of less... 

DRD splits roles of chairperson and CEO

South African gold producer Durban Roodepoort Deep (DRD) has announced that, with immediate effect, the roles of chairperson and CEO have been split and an independent senior non-executive director has been appointed. 

DRD concludes acquisition of 20% of Porgera JV

South African marginal gold miner Durban Roodepoort Deep (DRD) announced yesterday that it has concluded its acquisition of an effective 20% interest in the Porgera joint venture in Papua New Guinea, from Oil Search, for $73,3-million. 

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