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Africa Gold Mine Exploration and Producer, DRDGold Ltd. Agree to Pay 177 million Rand to Buy Elsburg Gold Mining
DRDGold Ltd., Africa’s fourth-largest gold producer, agreed to pay 177 million rand ($17 million) to buy the rest of the Elsburg gold mining venture and secure total control of the low-cost project.
The purchase of surface dump assets gives DRDGold “significant strategic advantages,” because of rising output costs and safety concerns related to deep-level mining, the [...]
