Tag: Niel Pretorius
South Africa’s gold industry has seen an increased number of attacks by armed robbers at their mines. One such attack occurred last week at gold producer DRDGold’s Ergo plant, resulting in the death of a chief security officer and a loss of an estimated 17kg’s of gold. Niël Pretorius, CEO of DRDgold joins CNBC Africa for more.
DRDGold’s share price fell almost 4 per cent after its interim results revealed a 3 per cent decrease in gold production and operating profit down by more than half. The gold producer was also not immune to load shedding, losing approximately 49kg of gold due directly to power supply disruptions. Joining CNBC Africa for more is Niël Pretorius the CEO of DRDGold.
Although there isn’t 100 per cent ideological alignment on everything, players in the mining industry take comfort from the fact that there is constructive engagement. This is according to Niël Pretorius, CEO of DRDGOLD, who spoke to CNBC Africa’s Fifi Peters at the 25th Investing in African Mining Indaba in Cape Town. They also talk about the single biggest challenge for DRDGOLD being the reliability of the power supply, and other pertinent issues like the institutional damage that had been done in the past.