[miningmx.com] — THE JSE has granted DRDGold a listing for a domestic
medium-term note programme, paving the way for the gold miner to raise R111m.
CEO Niel Pretorius said on Monday the funds raised would be directed towards the
previously announced construction of a new R250m flotation and fine-grind circuit at
the Brakpan plant of the company’s Ergo surface retreatment operation.
The balance of the circuit’s capital cost would be funded from cash generated by the
operation.
“Construction of the flotation and fine-grind circuit – which is targeted to increase
Ergo’s gold production by between 16 and 20% – is already under way,’ read a
company statement. “Commissioning is expected to begin during February 2013 with
full production attained by the beginning of July 2013.’
