To view the PDF file, sign up for a MySharenet subscription.

CRD - Central Rand Gold Limited - Successful testing of submersible pumps to

Release Date: 27/07/2011 08:00
Code(s): CRD
Wrap Text

CRD - Central Rand Gold Limited - Successful testing of submersible pumps to Dewater Central Rand Basin Central Rand Gold Limited (Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108) (Incorporated as an external company with limited liability under the laws of South Africa, Registration number 2007/0192231/10) ISIN: GG00B24HM601 LSE share code: CRND JSE share code: CRD ("Central Rand Gold" or the "Company") SUCCESSFUL TESTING OF SUBMERSIBLE PUMPS TO DEWATER CENTRAL RAND BASIN Central Rand Gold provides the following update on the Acid Mine Drainage situation at its operations in the Central Rand Basin. In August 2010, Central Rand Gold ordered two submersible pumps from international technology group, Andritz Ritz, at a cost of Euro3.5 million collectively. The two submersible pumps have the capability to dewater and to restore the Company`s resource base in the Central Rand Basin. They also form part of a larger proposed plan to stop, and partially treat Acid Mine Drainage via the establishment of a submersible pump station, which would be constructed at the South West Vertical shaft. As part of the quality control plan, the pumps were individually tested on Wednesday, 20 July 2011 and Friday, 22 July 2011, respectively, in a special testing bay at the manufacturer`s factory in Schwabisch Gmund in Germany, to ensure conformance to specifications. Representatives from Central Rand Gold as well as the Trans Caledon Tunnel Authority ("TCTA") (appointed project managers by the Department of Water Affairs) and BKS (consultant to TCTA) were present. It was verified that both pumps comfortably achieved the required design capacity to pump 1,500 kilolitres of water per hour at 43 bar pump pressure differential. This was achieved at a pump efficiency of 81.1%. Each of the pumping units has an overall length of 13.5 metres and a mass of 18 metric tons, and is designed to pump water from 400 metres below surface. The pumps are constructed from a special duplex stainless steel to ensure long-term resistance to the dilute sulphuric acid water. The pumps will remain in Germany until such time as clarity has been obtained with regards to the final technical solutions and project timelines. In the event that these pumps are not utilised for the purpose of the submersible pump station, the Company intends to sell them. Sponsor Merchantec Capital Johannesburg 27 July 2011 For further information, please contact: Johan du Toit +27 (0) 11 674 2304 Patrick Malaza +27 (0) 11 674 2304 Enquiries: Evolution Securities Limited +44 (0) 20 7071 4300 Chris Sim / Neil Elliot Merchantec Capital +27 (0) 11 325 6363 Roger Pitt / Monique Martinez Buchanan +44 (0) 20 7466 5000 Bobby Morse / Katharine Sutton / James Strong Jenni Newman Public Relations (Proprietary) Limited +27 (0) 11 506 7351 Jenni Newman Date: 27/07/2011 08:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story