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Online Date 2012-10-27
Investment Plans:105% - 129% after 1 day,108% - 169% after 2 days,121% - 239% after 4 days, 349% after 7 days and more plans
Min Spend $10
Referral Commission Up to 4%
Withdrawal Type Manual
Licensed GoldCoders Script
WELCOME TO DEPO GOLDThis post has been edited by Naale: Oct 27 2012, 02:03 PM
The company Depo Gold
was established in 1994. Is a mid-tier, unhedged gold producer, and the fourth largest gold company in South Africa. Increasingly, its focus is on the recovery of lower-risk, lower-cost, higher-margin ounces. At present, 54% of production comes from surface retreatment operations. The company holds a 64%-interest in operating subsidiary Ergo Mining Operations (Proprietary) Limited. The balance is held by black economic empowerment (BEE) partner Khumo Gold SPV (Pty) Limited (Khumo Gold)(14%) and the DRDSA Empowerment Trust(4%). DEPOGOLD’s strategy is to enhance shareholder value by reducing risk, controlling costs, managing margins and taking a disciplined approach to growth in the highly competitive mining environment. Key and specific among the company’s objectives are to:
consolidate its position as a world leader in the production of gold from the retreatment of surface sand and slimes material through its Ergo operation;
realise value for shareholders from its remaining underground gold resources associated with the ERPM Extensions 1 and 2 exploration areas in South Africa; and
establish, from ongoing joint venture (JV) exploration activity, the viability of alluvial and near-surface gold mining in Zimbabwe.
An immediate priority is to extract as much gold as possible from Ergo’s current 11Moz surface resource at the lowest possible cost through:
optimisation of existing human capital, plants, pump stations, pipelines, deposition capacity and other infrastructure – together, an unassailable advantage; and
fast-track development, commissioning and build-up of production from its new R250 million flotation/fine-grind circuit, expected to increase gold recovery by between 16% to 20%.
Longer term, it is anticipated that the Ergo resource can also be exploited for uranium, potentially through the addition of costeffective resin-in-pulp technology to the flotation/fine-grind circuit. To improve synergies and save costs, the company created a new strategic model and restructured its surface operations to consolidate these operations into a single entity, Ergo Mining Proprietary Limited (Ergo). Ergo and ERPM are wholly-owned by EMO. The new structure came into full effect on 1 July 2012.