Daily podcast – April 16, 2010

De Beers receives more than 400 enquiries regarding the sale of its Jagersfontein property; and the South African Competition Commission has approved JSE-listed DRDGold's acquisition of ASX-listed Mintails' 50% interest in Ergo Mining.

DRDGold takes full ownership of Ergo

The South African Competition Commission has approved JSE-listed DRDGold’s acquisition of ASX-listed Mintails’ 50% interest in Ergo Mining. All of the suspensive conditions relating to the transaction have now been met.

Blyvoor set to come out of judicial management – DRDGold

JSE-listed DRDGold's Blyvooruitzicht gold mine was on track to emerge from judicial management by March, DRDGold CEO Niël Pretorius said on Thursday. Pretorius told Mining Weekly Online in a video interview that the judicial management was...

Daily podcast – January 22, 2010

DRDGold agrees to buy the 50% interest in Ergo Mining that it doesn't already own from Mintails; and BHP Billiton could revive billions of dollars worth of projects in Chile that it froze during the worst of the global crisis.

DRDGold to buy Ergo stake from Mintails for R82m

South African gold-miner DRDGold has agreed to buy the 50% interest in Ergo Mining that it did not already own from Mintails, the company announced on Thursday. The transaction, which was part of the group's strategy for expanding its tailing...

DRDGold posts December quarter profit, output down

JSE-listed gold producer DRDGold has reported a 30% increase in headline earnings a share for the December quarter, rising to 13,6c a share. Net profit for the three-month period jumped to R33,4-million, from the previous quarter’s R8,8-million...

Ergo JV expects first gold before year-end

The joint venture (JV), between ASX-listed Mintails and JSE-listed DRDGold South Africa, Ergo Mining, has revitalised the Ergo tailings retreatment operation in Brakpan, and hopes to have the plant refurbished by September, and ready to commission...