Brief: DRDGOLD Updates On Payment To Ekurhuleni Metropolitan Council

DrdGOLD

12/02/2018 07:12

Feb 12 (Reuters) - DRDGOLD Ltd  DRDJ.J : 
    * DRDGOLD LTD - INTERIM PAYMENT TO EKURHULENI METROPOLITAN 
COUNCIL 
    * DRDGOLD- ERGO OBLIGED TO, TO PREVENT DISCONTINUATION OF 
ELECTRICITY SUPPLY, PAY TO EMM AMOUNTS HELD IN TRUST, AN 
ESTIMATED CASH PAYMENT OF R126 MILLION 
    * DRDGOLD LTD - PAYMENT WILL REDUCE DRDGOLD'S CASH AND CASH 
EQUIVALENTS BALANCE OF R295 MILLION AS AT 31 DECEMBER 2017 
    * DRDGOLD LTD - MAIN APPLICATION HAS BEEN SET DOWN FOR 
HEARING ON 
5 DECEMBER 2018 
    * DRDGOLD - IF MAIN APPLICATION SUCCESSFUL, ERGO WILL SEEK 
TO 
RECOVER ESTIMATED CASH PAYMENT OF R126 MILLION FROM EMM 
 
Source text for Eikon:  ID:nJseL0011a  
Further company coverage:  DRDJ.J  
 
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