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VIL - Village Main Reef Limited - Production resumes at the Tau Lekoa Gold Mine

Release Date: 30/08/2011 17:43
Code(s): VIL
Wrap Text

VIL - Village Main Reef Limited - Production resumes at the Tau Lekoa Gold Mine ("Tau Lekoa") Village Main Reef Limited (formerly known as Village Main Reef Gold Mining Company (1934) Limited) (Registration number 1934/0057034/06) Share Code: VIL ISIN: ZAE000154761 ("Village") PRODUCTION RESUMES AT THE TAU LEKOA GOLD MINE ("TAU LEKOA") Further to the announcement of 24 August 2011 regarding a seismic event that regrettably resulted in the loss of life of an employee and the halting of all stoping production at Tau Lekoa on 24 August 2011, Village has today received permission from the inspectorate of the Department of Mineral Resources to resume operations at Tau Lekoa with immediate effect. The production stoppage is unlikely to materially impact on production at Tau Lekoa. The seismic event affected 4 out of the current 68 production panels being mined. The affected area shall remain closed while management at Tau Lekoa perform a full risk assessment in relation to the affected area. It is anticipated that the affected area will not contribute to gold production for some 4 to 5 weeks, post the completion of the risk assessment. 30 August 2011 Sponsor Java Capital Date: 30/08/2011 17:43:01 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.

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