https://www.miningweekly.com

DRDGold reserves revised upwards by 67%

2nd February 2017

By: African News Agency

  

Font size: - +

CAPE TOWN – DRDGold on Thursday confirmed that it had recorded a 66.6% increase in mineral reserves on December 31.

The South African producer that recovers gold from the retreatment of surface tailings, said the revision was the result of a drilling programme and pre-feasibility study that was started in September 2016.

The study re-evaluated surface gold tailings on the East Rand to the east of the Ergo plant. DRDGold said the revision meant a five-year extension to the operating life of Ergo.

The company added that capital expenditure of R507.7-million would be needed to access these dumps and dams, which included the cost of 162.4 km of pipelines and new pump stations. No major upgrades were required to the current Ergo processing plant, and the existing Brakpan/Withok tailings deposition facility had sufficient capacity to dispose of processing waste.

All required permits are in place, DRDGold added.

Edited by African News Agency

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.276 0.318s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: