ADVISORY, March 5, 2009 (GLOBE NEWSWIRE) --
What: Niel Pretorius, Chief Executive Officer of DRDGOLD Limited (DROOY), will preside over the Closing Bell. Where: NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Friday, March 6th, 2009 at 3:45 - 4:00 p.m. EST Contacts: Barbara Cano (646) 452-2334 (office) (917) 861-2530 (mobile) bcano@breakstone-group.com James Duncan +27 11 880 3924 (office) +27 82 892 8052 (mobile) jmduncan@mweb.co.za NASDAQ MarketSite: Robert Madden (646) 441-5045 (office) Robert.Madden@NASDAQOMX.com
Feed Information:
The Closing Bell is available from 3:50 p.m. to 4:05 p.m. on AMC-3/C-3 (ul 5985V; dl 3760H). The feed can also be found on Ascent fiber 1623. If you have any questions, please contact Robert Madden at (646) 441-5045.
Radio Feed:
An audio transmission of the Closing Bell is also available from 3:50 p.m. to 4:05 p.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Ascent fiber 1623 as well.
Webcast:
A live webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx
Photos:
To obtain a high-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.
About DRDGOLD Limited (DROOY):
DRDGOLD Limited is a mid-tier, unhedged gold producer with a mix of assets -- underground mines and surface re-treatment operations -- and exploration programmes in South Africa. With its head office in Johannesburg, the group has its primary listing on the JSE Limited and its secondary listing on the Nasdaq Capital Market.
Since late October 2007, when DRDGOLD disposed of its entire interest in Australian company Emperor Mines Limited, the company has focused on opportunities in South Africa, stabilising and improving the performance of existing mines, expanding its surface treatment activities and investigating the potential for uranium and sulphuric acid production.
The South African assets are held through a 74% interest in DRDGOLD South African Operations (Pty) Limited (DRDGOLD SA). Empowerment partner Khumo Gold SPV (Pty) Limited (Khumo Gold) has a 20% holding in DRDGOLD SA and has facilitated the incorporation of a further 6% into an employee trust. The result is that DRDGOLD has already met the 26% black economic empowerment equity target set by the South African Mining Charter for 2014.
DRDGOLD SA wholly owns and operates Blyvooruitzicht Gold Mining Company Limited (Blyvoor), East Rand Proprietary Mines Limited (ERPM) and Crown Gold Recoveries (Crown), the world's largest operation recovering gold from disused mine dumps.
At Blyvoor, the Way Ahead and No 6 Shaft (15/29 incline) projects are in development, and exploration of the mine's southern lease area has begun. At Crown, recovery of the Top Star mine dump to the south of Johannesburg's central business district began recently.
DRDGOLD SA is in a 50:50 joint venture -- known as Ergo Mining (Pty) Limited (Ergo) -- with Mintails SA (Pty) Limited, a subsidiary of Mintails Limited of Australia. Ergo Mining will explore, evaluate and process surface up to 1.7 billion tonnes of gold-, uranium- and sulphur-bearing tailings on the East and Central Rand goldfields of South Africa. Production is in the early build-up phase.
During the 2008 financial year, DRDGOLD produced 321,432 attributable ounces of gold (FY07: 477,157 ounces) and, at 30 June 2008, had mineral resources of 54.7 million ounces and ore reserves of 7.9 million ounces. The group has a strong balance sheet with no interest-bearing liabilities and the ability to fund short- to medium-term growth.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,800 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North; and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.
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