drd gold sibanyemsci world ticker

Has the rise in the gold price been too far, too fast? DRDGOLD is a JSE-listed (Ticker code: DRD) gold producer and specialist in the recovery of metal from the retreatment of surface tailings. By securing the majority holding in DRDGOLD, a leading surface mining and processing company, we continue to create value for all stakeholders in line with our vision. By securing the majority holding in DRDGOLD, a leading surface mining and processing company, we continue to create value for all stakeholders in line with our vision.Our gold operations consist of underground mining and surface treatment facilities in the Witwatersrand Basin.We work to avoid, minimise and mitigate any negative environmental impacts where we operate.DRDGOLD is a specialist in the recovery of metal from the retreatment of surface tailings. In addition, DRDGOLD and Sibanye-Stillwater have entered into an option agreement in terms of which Sibanye-Stillwater will be granted an option to increase its shareholding in DRDGOLD to 50.1% during the 24 months following implementation of the acquisition.The approval of the Competition Authorities is subject to the following:Implementation of the proposed transaction remains conditional on the fulfilment or waiver of certain conditions precedent, including the approval by DRDGOLD shareholders. Sibanye-Stillwater had a 24-month option to acquire an additional 12%. DRDGOLD Limited (DRDRGOLD; JSE, NYSE: DRD) announced today that its acquisition from Sibanye-Stillwater of its West Rand Tailings Retreatment Project (WRTRP) assets has been completed. DRDGold shareholders approve WRTRP deal with Sibanye-Stillwater. Planning for the phase two expansion is in progress.Our gold operations consist of underground mining and surface treatment facilities in the Witwatersrand Basin.We work to avoid, minimise and mitigate any negative environmental impacts where we operate.An archive of news and publications related to the DRDGOLD transaction, completed 31 July 2018. Sibanye-Stillwater is pleased to increase is holding from 38.05% to 50.1% interest in DRDGOLD effective 22 January 2020. We are the world’s largest primary producer of platinum, the second largest primary producer of palladium and the third largest producer of gold (on a gold-equivalent basis), as well as a significant producer of rhodium. We do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to the occurrence of unanticipated events. 8 February 2018, DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRD) announced today that South Africa’s Competition Authorities yesterday approved the company’s proposed transaction with Sibanye-Stillwater. (Image courtesy of Sibanye-Stillwater. Neither the tailings treatment plant at Cooke gold mine (pictured) nor Ezulwini’s are part of the deal, for now. South Africa’s Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) has exercised an option to acquire an additional 12% interest in DRDGOLD (JSE, NYSE:DRD), bringing the total stake in the gold … Effective on 22 January 2020, Sibanye-Stillwater increased its holding in DRDGOLD from a 38.05% to 50.1% equity interest; securing the majority holding. 23 March 2018. DRDGold focuses on the recovery of lower-risk, higher-margin ounces – primarily from its flagship metallurgical plant located about 50km east of Johannesburg in Brakpan. It has a proven track record of optimizing innovative technology-driven processing and demonstrated expertise in surface processing infrastructure development.In August 2018 a transaction between DRDGOLD and Sibanye-Stillwater was completed, whereby Sibanye-Stillwater traded selected assets from its WRTRP project (now DRDGOLD Far West Gold Recoveries – FWGR) for a 38.05% shareholding in DRDGOLD. It also cuts overhead unit costs through increased production and puts an end to DRDGold’s single asset operating risk.For the company, tailings around Sibanye’s Driefontein and Kloof mines near Carletonville, are relatively rich in gold compared with what it has been mining so far to the east.The first phase to unlock the tailings will focus on processing 28 million tonnes of tailings at Driefontein dump 5, which has a grade of 0.469g of gold a tonne and contains 421,000 ounces of gold, DRDGold has said.It will be funded by debt and the company has indicated it has an “in principle commitment” from a financial institution for the facility to upgrade one of the plants to process 500,000 tonnes a month and a network of pipelines and equipment.DRDGold has established itself as one of South Africa’s top gold tailings retreatment operator, using its Ergo plant to treat old dumps around the city.Sibanye-Stillwater is South Africa’s largest gold producer and the world’s third largest producer of palladium and platinum.The deal, which is expected to close in the second quarter of the year, remains subject to, and conditional on environmental permits for DRDGold to operate the selected Sibanye-Stillwater assets.DRDGold focuses on the recovery of lower-risk, higher-margin ounces – primarily from its flagship metallurgical plant located about 50km east of Johannesburg in Brakpan. DRDGOLD, in a production update released today, reports a 9% year-on-year increase in gold production to 5 424 kilograms (174 385 ounces) for the financial year ended 30 June 2020. How DRDGold scored another jackpot. Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in general economic conditions in the markets we serve, a drop in the gold price, a sustained strengthening of the Rand against the Dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licenses or other governmental approvals, changes in DRDGOLD’s competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange rates and various other factors.

28 March 2018. Proposed transaction with Sibanye-Stillwater gets competition authorities approval 08 February 2018. Working at Sibanye-Stillwater. This chart going back to 1915 says not even close. AUTHOR PROFILE.

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