DRDGold has hit a rare jackpot for the second time in the tailings transaction with Sibanye-Stillwater, securing good grades, water, infrastructure and a licensed deposition site while nearly doubling its gold reserves, says CE Niël Pretorius. DRDGold has established itself as SA’s premier gold tailings retreatment operator, using its Ergo plant near Brakpan, east of Johannesburg, to treat old dumps around the city. "I thought we were very fortunate when we got the Ergo plant and the Brakpan tailings dam, because that’s the perfect combination and it’s very difficult to put together or set up," Pretorius said. "Here’s another one that’s very similar to that, with the infrastructure and ore reserves under a single blanket to get us into cash flow quickly. I thought Ergo was a once off, with all these right pieces falling into place," he said in an interview. The deal is one of half a dozen that Sibanye-Stillwater has cobbled together in the past couple of years. It does not require c...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.