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Durban Roodepoort Deep, Limited [DRD] is a dynamic, driven and independent gold mining company. Based in South Africa, with substantial operations in that country and an operation in Papua New Guinea, the company was established in 1895. DRD’s mission is to maintain its independent status, and to focus on extending ore reserve life safely and profitably. Gold is DRD’s main product, derived both from deep-level and open-cast gold mining, and from the retreatment of surface material. The current operations have been amalgamated and acquired since 1997. Since then, production has risen from under 100 000 ounces a year to 1.1 million ounces. DRD now ranks as fourth largest in terms of gold production in South Africa and 13th internationally. The company’s resource base as at 30 June 2001 was 1.2 billion tonnes, containing 65 million ounces. Reserves were 190 million tonnes, containing 14.4 million ounces of proved and probable gold. Underground reserves comprised 11.8 million ounces. The market capitalisation of this growth-orientated company as at 30 June 2001 was approximately R1.4 billion. DRD’s South African operations comprise: • Blyvooruitzicht Mine; • Consolidated Crown Gold Recoveries; • the North West Operations [Hartebeestfontein and Buffelsfontein Mines]; and • the curtailed West Wits and Durban Deep Mines. DRD’s operation in Papua New Guinea is the Tolukuma Mine. DRD is a public company with its primary listing on the Johannesburg Stock Exchange SA and secondary listings on the London Stock Exchange, the Brussels Bourse, the Australian Stock Exchange, the Paris Bourse and Nasdaq in the United States. The company’s shares are also traded on the Berlin OTC Market and the Regulated Unofficial Market of the Frankfurt Stock Exchange. HISTORICAL DEVELOPMENTS February, 1895 | DRD incorporated. 1992 | Restructuring of DRD’s holding group [Rand Mines] and transfer of management services to Randgold & Exploration Company Limited 1995 | Restructuring of management services for Buffelsfontein. January, 1995 | DRD acquires the entire issued share capital of Rand Leases for R111m. September, 1995 | DRD acquires assets from First Wesgold for R17m. January, 1996 | DRD acquires Roodepoort Gold Mine [Pty] Limited and associated mineral rights for R1.4m January, 1997 | DRD acquires Rand Leases Royalty for R13.2m. August, 1997 | DRD terminates service agreements with Randgold & Exploration Company Limited. September, 1997 | Blyvooruitzicht and Buffelsfontein become wholly owned subsidiaries of DRD for R256m. | DRD acquires South Wits [now known as the Argonaut Project] mineral rights from Randgold & Exploration Company Limited for R55.5m. September, 1998 | Crown becomes a wholly owned subsidiary of DRD for R89m. | DRD adopts strategy to establish a production base in Australia. August, 1999 | DRD acquires Hartebeestfontein Division from Avgold Limited for R45m. January, 2000 | DRD acquires Hargraves Resources NL for R184m. May 2000 | Mark Wellesley-Wood appointed as director June, 2000 | DRD acquires 97% of Dome. September, 2000 | DRD closes the loss-making underground and surface operations at Durban Deep and West Wits sections. November 2000 | Frans Weideman appointed as director http://www.drd.co.za/ |
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| aus der Diskussion: | Durban Roodeport Deep Adr (DROOY) |
| Autor (Datum des Eintrages): | peter.wedemeier1 (03.08.02 18:12:41) |
| Beitrag: | 28 von 421 (ID:7035592) |
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