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VILLAGE MAIN REEF LIMITED - Village Main Reef announces intention to cease non-profitable operations at Buffelsfontein

Release Date: 14/05/2013 15:30
Code(s): VIL     PDF:  
Wrap Text
Village Main Reef announces intention to cease non-profitable operations at Buffelsfontein

VILLAGE MAIN REEF LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005703/06)
Share Code: VIL ISIN: ZAE000154761
(“Village” or “the company”)



VILLAGE MAIN REEF ANNOUNCES INTENTION TO CEASE NON-PROFITABLE OPERATIONS AT
BUFFELSFONTEIN


In line with Village’s previous statements in this regard, the Board has mandated the executive to commence
with the consultation processes required to cease production at the non-profitable operations of
Buffelsfontein. Consequently consultations with employee representatives and other stakeholders will
commence in terms of the relevant regulatory and legislative prescriptions.

14 May 2013


Sponsor

Java Capital

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