Mintails Accepts DRDGold Buy-Out Offer

29 June 2009 (Last Updated June 29th, 2009 18:30)

Australia’s Mintails has conditionally accepted an offer by gold miner DRDGold to buy the company's surface mining assets in South Africa. The deal excludes Mintails' stake in underground explorer West Wits Mining, DRDGold said. DRDGold plans to integrate its Crown Gold Recov

Australia’s Mintails has conditionally accepted an offer by gold miner DRDGold to buy the company's surface mining assets in South Africa.

The deal excludes Mintails' stake in underground explorer West Wits Mining, DRDGold said.

DRDGold plans to integrate its Crown Gold Recoveries and Ergo Mining operations in South Africa with those of Mintails, the company said in a statement.