DRDGOLD Limited (NYSE:DRD)

Video - the issue of dust and how DRDGOLD proactively manages this.

DRDGOLD Zinc Precipitation

Our business
DRDGOLD Limited is a mid-tier, unhedged gold producer and a world leader in surface gold tailings retreatment. In FY2016 the company produced 143 457oz and declared mineral resources of 50.67Moz and mineral reserves of 1.84Moz.

Ergo
DRDGOLD focuses on the recovery of lower-risk, higher-margin ounces – primarily from its flagship metallurgical plant located some 50km east of Johannesburg in Brakpan. Continue reading...

Location of operations and exploration projects

Board and management: Non-executive directors

Geoffrey Campbell
BSc (Geology)
INDEPENDENT NON-EXECUTIVE CHAIRMAN
Chairman (Nominations): Nominations and Remuneration Committee
Member: Audit and Risk Committee
Geoffrey Campbell was appointed a non-executive director in 2002, a senior independent non-executive director in December 2003 and non-executive chairman in October 2005. A qualified geologist, he has worked on gold mines in Wales and Canada. He spent 15 years as a stockbroker before becoming a fund manager, managing the Merrill Lynch Investment Managers Gold and General Fund, one of the largest gold mining investment funds. He was also research director for Merrill Lynch Investment Managers. Geoffrey is a director of Oxford Abstracts Limited.

Johan Holtzhausen
BSc, BCompt (Hons), CA (SA)
INDEPENDENT NON-EXECUTIVE DIRECTOR
Chairman: Audit and Risk Committee
Member: Nominations and Remuneration Committee
Johan Holtzhausen was appointed independent non-executive director on 25 April 2014. He has more than 42 years’ experience in the accounting profession, having served as a senior partner at KPMG, and held the highest Generally Accepted Accounting Principles (United States), Generally Accepted Auditing Standards and Sarbanes-Oxley Act accreditation required to service clients listed on stock exchanges in the United States. His clients included major corporations listed in South Africa, Canada, the United Kingdom, Australia and the United States.

Johan currently serves as a voluntary independent director and chairs the Audit and Risk Committee of the Tourism Enterprise Partnership. He also chairs the Audit and Risk Committee of Tshipi é Ntle Manganese Mining Proprietary Limited. He is a non-executive director of Caledonia Mining Corporation Plc, a Jersey corporation listed in the United States, Canada and the United Kingdom, and he chairs its Audit Committee.

Edmund Jeneker
Chartered Director (SA) B.Hons (StellUniv),
IEDP (Wits), M.Inst. D., SAIPA
INDEPENDENT NON-EXECUTIVE DIRECTOR
Chairman: Social and Ethics Committee
Chairman (Remuneration): Nominations and Remuneration Committee
Member: Audit and Risk Committee
Edmund Jeneker was appointed non-executive director in November 2007. He trained as an accountant and has gained experience in finance, taxation, business strategy and executive management at Grant Thornton SA, SwissRe, World Bank Competiveness Fund and Deloitte SA over a period of more than 20 years. He previously served as a member of the Provincial Development Council of the Western Cape Provincial Government and is active in community development. He is the present Vice-Chairman of the Institute of Directors (Western Cape). He is currently managing director ABSA AllPay Consolidated Investment Holdings.

James Turk
BA (International Economics)
INDEPENDENT NON-EXECUTIVE DIRECTOR
Member: Audit and Risk Committee
Member: Nominations and Remuneration Committee
James Turk was appointed non-executive director in October 2004 and, in 2011, met the JSE Listing Requirements to be an independent director. He is founder and director of GoldMoney Network Limited, also known as GoldMoney.com, an online provider of physical gold, silver, platinum and palladium bullion to buyers worldwide and operator of a digital gold currency payment system. Since graduating in 1969, he has specialised in international banking, finance and investments. Having begun his career with JP Morgan Chase in 1980, James joined the private investment and trading company of a prominent precious metals trader. He moved to the United Arab Emirates in 1983 as manager of the Commodity Department of the Abu Dhabi Investment Authority. Since resigning in 1987, he has written frequently on money and banking.

Toko Mnyango
Dip Juris, BJuris
INDEPENDENT NON-EXECUTIVE DIRECTOR
Mrs Mnyango was appointed as an independent non-executive director of the company
on 1 December 2016. Mrs Mnyango began her career as a prosecutor for the KaNgwane homeland, before becoming a legal advisor for the Eastern Cape Development Corporation. She has held directorships on company boards including Gijima, EOH Mthombo (Proprietary) Limited, AllPay Eastern Cape (Proprietary) Limited, a subsidiary
of ABSA Limited, and the Ryk Neethling Foundation. She currently holds the position
of Chief Executive Officer of Vitom Technologies (Pty) Ltd and Vitom Brands Communication (Pty) Ltd.

Executive directors

Niël Pretorius
BProc, LLB
CHIEF EXECUTIVE OFFICER
Member: Social and Ethics Committee
Niël Pretorius has two decades of experience in the mining industry. He was appointed Chief Executive Officer designate of DRDGOLD on 21 August 2008 and Chief Executive Officer on 1 January 2009. Having joined the company on 1 May 2003 as legal advisor, he was promoted to Group Legal Counsel on 1 September 2004 and General Manager: Corporate Services on 1 April 2005. Niël was appointed Chief Executive Officer of Ergo Mining Operations Proprietary Limited (formerly DRDGOLD SA) on 1 July 2006 and became Managing Director on 1 April 2008.

Riaan Davel
CA (SA), BCom (Hons), M Com
CHIEF FINANCIAL OFFICER
Member: Social and Ethics Committee
Riaan Davel has close to 19 years of experience in the mining industry, including
17 years in professional services, mostly in the African mining sector. His experience includes assurance and advisory services, including support and training on International Financial Reporting Standards (IFRS), to clients and teams across Africa. Riaan was audit partner at KPMG for seven years where he conducted audits for listed mining companies, including SEC registrants. He also has experience as an IFRS technical partner, having represented the South African Institute of Chartered Accountants in the International Accounting Standards Board’s project on Extractive Activities from 2003 to 2010. He has also served on committees compiling or updating the South African codes for reporting and valuation of mineral reserves and resources.

Top and senior management

Reneiloe Masemene
LLB, LLM
COMPANY SECRETARY
GROUP LEGAL COUNSEL AND PRESCRIBED OFFICER
Reneiloe Masemene, a qualified attorney, joined DRDGOLD in January 2009 as legal advisor. She was appointed Senior Legal Advisor in October 2011 and prescribed officer of Ergo in June 2012, and then Group Legal Counsel in August 2014. From March 2016, she also serves as Company Secretary.

Thulo Mogotsi Moletsane
BA, LLB
SUSTAINABLE DEVELOPMENT DIRECTOR: ERGO MINING OPERATIONS PROPRIETARY LIMITED
Thulo Mogotsi Moletsane is an executive director of Khumo Bathong Holdings Proprietary Limited and a director of Khumo Mining and Investments Proprietary Limited.
He was appointed a director of Ergo Mining Operations Proprietary Limited in
August 2010, having completed a Mining Qualifications Authority executive programme.

Moltin Paseka Ncholo
LLB, LLM
NON-EXECUTIVE DIRECTOR: ERGO MINING OPERATIONS
PROPRIETARY LIMITED
Moltin Paseka Ncholo formed Khumo Bathong Holdings Proprietary Limited in 1999 and became an enthusiastic operator and member of the mining fraternity. He is executive chairman of Khumo Bathong Holdings Proprietary Limited, and he holds various other executive and board positions. He was appointed a director of Ergo Mining Operations Proprietary Limited in February 2013. Paseka resigned on 31 July 2016.

Jaco Schoeman
National Diploma (Analytical Chemistry), BTech (Analytical Chemistry)
OPERATIONS DIRECTOR: ERGO MINING OPERATIONS PROPRIETARY LIMITED
Member: Social and Ethics Committee
Jaco Schoeman joined DRDGOLD in 2011 as Executive Officer: Business Development to focus on expanding the group’s surface retreatment business and extracting maximum value from existing resources. In July 2014, he was appointed Operations Director: Ergo Mining Operations Proprietary Limited.

Charles Symons
BCom, MBL, Dip Extractive Metallurgy
DIRECTOR: ERGO MINING OPERATIONS PROPRIETARY LIMITED
Chairman: Oversight Committee
Charles Symons joined the mining industry on 14 February 1977 and transferred to Crown Gold Recoveries Proprietary Limited in January 1986. He joined DRDGOLD as General Manager in 1995 and was appointed Executive Officer: Surface Operations on 1 January 2008 before he became Executive Officer: Operations on 11 May 2010.
On 1 October 2011, he was appointed Chief Operating Officer. Following restructuring of senior management in July 2014, Charles Symons assumed the role of Chairman of the Oversight Committee: Ergo Mining Operations Proprietary Limited. Charles’ fixed term contract concluded on 31 July 2016, but he is still continuing in a non-executive   oversight role.

Corporate office
Tel: +27 11 470 2600
Fax: +27 86 524 3061

Physical address
1 Sixty Jan Smuts Building
2nd Floor - North Tower
160 Jan Smuts Avenue
Rosebank
2196

Postal address
PO Box 390
Maraisburg
1700
South Africa

Media Representatives + Investor Relations

South Africa & North America

James Duncan & Olwen Auret
R&A Strategic Communications
Tel: +27 11 880 3924
Fax: +27 11 880 3788
Mobile: +27 79 336 4010
E-mail: [email protected]

United Kingdom/Europe
Phil Dexter
St James’s Corporate Services
Tel: +44 20 7796 8644
Fax: +44 20 7796 8645
Mobile: +44 779 863 4398
E-mail: [email protected]

Sponsors

Amanda Mahlunge – Associate: Sponsor Division, One Capital
[email protected]  / Tel: +27 11 550 5027

Taryn Carter – Head: Sponsor Division, One Capital
[email protected] / Tel: +27 11 550 5030