CAPITAL MARKETS

DRD to keep 20% of Porgera

DURBAN Roodepoort Deep has pulled the sale of a 5% stake in the large Porgera gold mine in Papua New Guinea to local landowners.

Michael Quinn
DRD to keep 20% of Porgera

DRD said it had reneged on the US$22.52 million sale because it believed Mineral Resources Enga (MRE) - the Engan landowners company - would be unable to have the funding needed to complete the transaction...

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