DRDGOLD Limited (DRDGOLD) operates as a South African domiciled company that holds assets engaged in surface gold tailings retreatment in South Africa, including exploration, extraction, processing and smelting.
The company’s surface tailings retreatment operations, including the requisite infrastructure and metallurgical processing plants, are located in South Africa. The company’s operating footprint is unique in that it involves some of the largest concentrations of gold tailings deposits in...
DRDGOLD Limited (DRDGOLD) operates as a South African domiciled company that holds assets engaged in surface gold tailings retreatment in South Africa, including exploration, extraction, processing and smelting.
The company’s surface tailings retreatment operations, including the requisite infrastructure and metallurgical processing plants, are located in South Africa. The company’s operating footprint is unique in that it involves some of the largest concentrations of gold tailings deposits in the world, situated within the city boundaries of Johannesburg and its suburbs, and the far west rand of the province of Gauteng.
DRDGOLD has arranged its operations into two wholly owned entities, covering its East Rand (east of Johannesburg) and far West Rand (far west of Johannesburg) businesses. The East Rand operations are run by Ergo, and the West Rand operations by Far West Gold Recoveries (‘FWGR’).
All of the company’s operations are conducted in South Africa. The company’s operations primarily consist of Ergo and FWGR.
ERGO
Ergo (Ergo Mining Proprietary Limited) is the surface tailings retreatment operation, which consists of what was historically Crown Gold Recoveries Proprietary Limited (‘Crown’), East Rand Proprietary Mines Limited's (‘ERPM’) Cason Dump operation, and the Ergo Gold business units.
FWGR
The company owns certain gold surface processing assets and tailing storage facilities that include Driefontein 3 and 5, Kloof 1, Venterspost North and South, Libanon, Driefontein 4, Driefontein 2 plant, Driefontein 3 plant, WRTRP pilot plant, and the land owned by Sibanye-Stillwater that was earmarked for the future development of a central processing plant, regional tailings storage facility, and return water dam (together, the ‘WRTRP Assets’) associated with Sibanye-Stillwater’s WRTRP, subsequently renamed FWGR.
DRDGOLD has arranged its operations into two wholly owned entities, covering its East Rand (east of Johannesburg) and far West Rand (far west of Johannesburg) businesses. The East Rand operations are run by Ergo, and the West Rand operations by FWGR.
DRDGOLD owns 100% of Ergo and 100% of FWGR. The company also owns 100% of ERPM. DRDGOLD has numerous Surface, Mining, and Prospecting Rights, and ownership of the surface rights and mine dumps vests in various legal entities.
Properties and location
The Ergo plant is located approximately 43 miles (70 kilometers) east of Johannesburg’s central business district in the province of Gauteng, on land owned by Ergo.
The City Deep operation is located on the West Wits line, within the Central Goldfields of the Witwatersrand Basin.
The Knights operation is located at Stanley and Knights Road, Germiston, off the R29 Main Reef Road.
FWGR’s assets consist of the currently operational Driefontein 2 plant (‘DP2’), Driefontein 4 TSF, which is a current active tailings deposition facility, and a pilot plant, which is a moveable LogiProc pilot plant established to test the processes, techniques, and assumptions made in the definitive level design of the full-scale retreatment of dumps. FWGR currently owns six tailings storage facilities on the West Rand, between Roodepoort and Carletonville, approximately 70km southwest of Johannesburg.
There are an additional four TSFs that will be transferred from Sibanye-Stillwater to FWGR once they are no longer required by the existing operations (Available TSFs). These are Driefontein 1 and 2, Kloof 2, and Leeudoorn. Numerous other TSFs are potentially available in the area for future reclamation. FWGR also owns land on which the Central Processing Plant (‘CPP’), the Regional Tailings Storage Facility (‘RTSF’), and the return water dam were originally planned to be built.
Production
Ergo
For the year ended June 30, 2024, the company produced 116,994 ounces.
FWGR
For the year ended June 30, 2024, the company produced 43,820 ounces.
Governmental regulations
The principal objective of the Mine Health and Safety Act (‘MHSA’) is to improve health and safety at South African mines by, inter alia, providing for effective monitoring of health and safety conditions, and the enforcement of health and safety measures at its mines.
The company monitors its uranium and radon emissions for compliance with all local laws and regulations pertaining to uranium and radon management, and under the current legislative exposure limits prescribed for workers and the public, under the Nuclear Energy Act, 1999 (as amended) and Regulations from the National Nuclear Regulator.
The company’s existing reporting and controls framework is consistent with the additional reporting and assessment requirements of the Minerals and Petroleum Resources Development Act, or MPRDA.
History
The company was founded in 1895. The company was incorporated under the laws of the Republic of South Africa in 1895. The company was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.