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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.
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.
