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Full Disclosure 2016

Company overview

DRD is a gold producer specialising in the re-mining of surface gold tailings. DRD’s primary listing is on the JSE Limited and its secondary listing is on the New York Stock Exchange.1 DRD’s assets are held through its interest in Ergo Mining Operations (Proprietary) Limited (EMO), which owns 100% of ERGO Mining (Proprietary) Limited (ERGO) and East Rand Proprietary Mines Limited (ERPM).2 DRD states that it disposed of underground mine Blyvooruitzicht Gold Mining Company (Proprietary) Limited, to Village Main Reef Limited, in 2012.3

ERGO is the world’s largest surface re-treatment facility and operates in the East Rand goldfields in Gauteng Province.4 It operates a metallurgical plant in Brakpan, east of Johannesburg, the Knights plant in Germiston and a milling and pump station at Crown Mines and City Deep.5

ERPM is an underground mining operation located in the east of Johannesburg.6

According to DRD’s 2016 Annual Report, published on 30 September 2016, DRD has 924 full-time employees.7

  1. http://www.drd.co.za/about-us/corporate-profile (last accessed on 7 November 2016).
  2. http://www.drd.co.za/about-us/group-structure (last accessed on 7 November 2016).
  3. http://www.drd.co.za/about-us/group-structure (last accessed on 7 November 2016).
  4. Manual on access to information held by DRDGOLD Limited, at p3, available at www.drd.co.za/sustainability/DRDGold_Limited_PAIA_manual.pdf (last accessed on 7 November 2016).
  5. http://www.drd.co.za/our-business/ergo (last accessed on 7 November 2016).
  6. ‘Manual on access to information held by DRDGOLD Limited’, at p3, available at www.drd.co.za/sustainability/DRDGold_Limited_PAIA_manual.pdf (last accessed on 7 November 2016).
  7. DRD Gold Limited 2016 Annual Report, at p28.