[miningmx.com] – DRDGOLD, the gold retreatment company, said it had received notice that funding had been secured by the proposed buyer of mineral rights of its east Rand gold mine, ERPM.
DRDGold said in July that it hoped to sell the mineral rights owned by the mine to Walcott Capital for about R220m. The income would more than double DRDGold’s last stated cash balance which was R204m.
The buyer had also agreed to take on the cost of rehabilitation of both the surface and underground sections of the ERPM mineral rights.
