CRG undertaking efficiency review, FD resigns
JOHANNESBURG (miningweekly.com) – Following the successful commissioning of its new Mill 3 in May, dual-listed Central Rand Gold (CRG) has now embarked on an efficiency review of its operations.
CRG on Friday said the purpose of the review was to identify efficiency improvement opportunities, which could have a streamlining effect across the organisation.
“It is important that we as a company are constantly reviewing how we conduct our business. We need to ensure that we are always striving to improve and operate more efficiently. The commissioning of Mill 3 on time and within budget was exceptional and has established a new benchmark for how we must approach all areas of the business,” interim nonexecutive chairperson Nathan Taylor commented.
Meanwhile, CRG on Friday also announced the resignation of FD Patrick Malaza, effective end July.
Malaza resigned to pursue other business interests, with CRG planning to reallocate duties within the finance team, providing an “opportunity for emerging talent” within the finance team to assume more responsibility and to contribute to the future success of the company.
The reallocation of duties would also result in a significant reduction in remuneration costs, CRG said.
“I would like to thank Patrick for his invaluable contribution over the last five years, which included some very trying and tough times. I wish him all the best for his future business endeavours. With any change, new opportunities arise and I believe that our existing employees have the capability to take up these new and additional roles and responsibilities,” CRG CEO Johan du Toit commented.
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