DRDGold extends BEE deal

October 27, 2005

Gold miner DRDGold on Thursday released its September quarter results, and announced an extension of the company's existing black economic empowerment (BEE) structure with Khumo Bathong Holdings (KBH) to cover all of DRDGold's South African assets. ..

The transaction has been facilitated by the Industrial Development Corporation, which agreed to a debt restructuring in the Crown Joint Venture, held 60 percent and 40 percent respectively by KBH and DRDGold.

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