DRDGold invests R10bn in tailings processing expansion

DRDGold, a South African gold mining company, is investing R10 billion in its Vision 2028 capital program to expand its tailings processing business. The company focuses on reprocessing historic mine dumps to extract gold, rather than opening new mines. This investment will increase industrial infrastructure to process millions more tonnes of tailings, extending mine life and reducing operating costs. The program is reaching critical construction milestones, positioning DRDGold to grow its production capacity and maintain its position as a low-cost producer. The company has decades of experience in tailings retreatment, and this strategy leverages existing expertise and environmental benefits.

Global Impact

This investment is primarily industry-specific, affecting the gold mining sector and South Africa's economy. Economically, it boosts capital expenditure in South Africa's mining industry, supporting local jobs and infrastructure.