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DRDGold to sell Zim assets

Aug 27 2013 07:10 Malcom Sharara, Fin24’s correspondent in Zimbabwe

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Company Data

DRDGOLD LIMITED [JSE:DRD]

Last traded 2.83
Change -0.08
% Change -0.03
Cumulative volume 192861
Market cap 1.09bn

Last Updated: 22/07/2014 at 04:17. Prices are delayed by 15 minutes. Source: McGregor BFA

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Harare - JSE- listed DRDGOLD [JSE:DRD] is selling its Zimbabwe-based assets, the company has said.
 
In a statement accompanying its results for the year ended June 30 2013, the company said it has received an expression of interest for its Zimbabwe-based assets.
 
“In respect of the company’s Zimbabwe assets, which have been up for sale, expressions of interest have been received and negotiations to conclude the sale are continuing,” the company said.
 
The assets are held through its 50% joint venture with partner Chizim Investments.
 
In the period under review, the company recorded an impairment of R50.1m against its Zimbabwe exploration assets.

 

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drdgold  |  zimbabwe  |  mining
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