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DRD Gold Ltd makes headway on WRTRP acquisition, submits environmental impact assessment

Published: 02:54 25 Apr 2018 AEST

DRD Gold (NYSE:DRD, JSE:DRD) CEO Niel Pretorius tells Proactive Investors the goldmine tailings recycling company has submitted four separate environmental impact assessments for the acquisition of the West Rand Tailings Retreatment Project from Sibanye-Silver.

Pretorius says DRD put up guarantees on the potential cost of the environmental impact, and the company is "holding their breath" for regulators to issue the permit.

The acquisition would almost double the amount of gold to be recovered from the reserves, he says.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

4 hours, 48 minutes ago