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AMD report release

24 Feb 2011 14:07

RNS Number : 8162B
Central Rand Gold Limited
24 February 2011
 



Immediate Release

24 February 2011

 

 

Central Rand Gold Limited

("CRG" or the "Company" or the "Group")

(Incorporated as a company with limited liability under the laws of Guernsey,

Company Number 45108)

(Incorporated as an external company with limited liability under the laws of

South Africa, registration number 2007/0192231/10)

ISIN: GG00B24HM601

Share code on LSE: CRND

Share code on JSE: CRD

 

 

 

AMD report release

 

Central Rand Gold ("CRG""or the "Company") notes today's release of the report to the Inter-ministerial Committee on Acid Mine Drainage ("the Report"), copies of which are available from the following website address:

 

http://www.dwaf.gov.za/

 

The Company welcomes the overall direction and funding commitment from the South African Government to the issue of AMD and is currently in the process of reviewing the Report.

 

In addition the Company will be requesting a meeting with Government to clarify the content of the Report. The following main issues will be proposed for discussion:

 

- The actual pump and pump station design;

- The cost allocation between Government and Witwatersrand based mining houses for implementation of the pumping station and related pumping costs; and

- The level at which the pumps will be situated below surface level..

 

A further update will be made when appropriate.

 

 

For further information, please contact:

 

Johan du Toit +27 (0) 11 674 2304

Patrick Malaza +27 (0) 11 674 2304

 

Enquiries:

 

Evolution Securities Limited +44 (0) 20 7071 4300

Rob Collins / Chris Sim / Neil Elliot

 

Macquarie First South Advisers (Pty) Ltd +27 (0) 11 583 7000

Annerie Britz / Melanie de Nysschen/ Yvette Labuschagne

 

Buchanan Communications Limited +44 (0) 20 7466 5000

Bobby Morse / Katharine Sutton / James Strong

 

Jenni Newman Public Relations (Pty) Ltd +27 (0) 11 506 7300

Jenni Newman

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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