Go Back Email this Link to a friend


CRD - Central Rand Gold Limited - 2009 Interim report

Release Date: 25/08/2009 08:30:11      Code(s): CRD
CRD - Central Rand Gold Limited - 2009 Interim report                           
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 2007/019223/10)   
ISIN: GG00B24HM601                                                              
Share code on LSE: CRND                                                         
Share code on JSE: CRD                                                          
("Central Rand Gold" or "CRG")                                                  
2009 INTERIM REPORT                                                             
Central Rand Gold, the South African gold mining and exploration holding        
company, today announces its Interim Results for the six months ended 30 June   
2009. The full set of results is available on the Company`s website:            
www.centralrandgold.com                                                         
Central Rand Gold will host a conference call on Tuesday 25 August 2009 at 10:00
am (London, UK time) / 11:00am (South Africa) to update investors and analysts  
on its Q2 Results and Reserve Update.                                           
Participants may join the call by dialling one of the three following numbers   
approximately 10 minutes before the start of the call.                          
From UK: (toll free) 0808 109 1498                                              
From South Africa: (toll free) 0800 999 539                                     
From Australia: (toll free) 1800 052 112                                        
Participant pass code: 878026#                                                  
Johan du Toit, Chief Executive Officer, will lead the discussion and will be    
accompanied by other members of the management team. The discussion will be     
followed by a question and answer period.                                       
For further information, please contact:                                        
Central Rand Gold                                 +27 (0) 11 551 4000           
Johan du Toit / Wayne Epstein                                                   
Evolution Securities Limited                      +44 (0) 20 7071 4300          
Simon Edwards / Chris Sim / Neil Elliot                                         
Macquarie First South Advisers (Pty) Ltd          +27 (0) 11 583 2000           
Thembeka Mgoduso/ Annerie Britz/                                                
Melanie de Nysschen/ Manisha Ramlakhan                                          
Buchanan Communications                           +44 (0) 20 7466 5000          
Bobby Morse / Ben Willey / Katharine Sutton                                     
Jenni Newman Public Relations (Pty) Ltd           +27 (0) 11 506 7300           
Jenni Newman / Megann Outram / Lerato Tlatlane                                  
25 August 2009                                                                  
Johannesburg                                                                    
Sponsor                                                                         
Macquarie First South Advisers (Pty) Limited                                    
CHIEF EXECUTIVE`S REVIEW                                                        
OPERATIONAL UPDATE FOR THE SIX MONTHS ENDED JUNE 30, 2009                       
The first half of 2009 has been a challenging and rewarding period for Central  
Rand Gold. The highlights for the period to date are:                           
Maiden Resource to Reserve conversion released                                  
Trial Mining plan developed and confirmed                                       
Substantial Metallurgical progress                                              
Operational management team strengthened                                        
Strong focus on cost containment                                                
Cash on hand at June 30: US$46.3 million.                                       
Anticipated need for further capital by mid 2010                                
RESOURCE TO RESERVE CONVERSION                                                  
The independent Resources to Reserves conversion report conducted by Snowden    
Mining Industry Consultants ("Snowden Report" or the "Report") is now available 
on the Company`s website: www.centralrandgold.com                               
This first report is based solely on two well-defined channels in the Main Reef 
on a portion of the Consolidated Main Reef ("CMR") property. In this report     
Snowden confirm that the mining method and mine plan can develop an economic    
mine (without the inclusion of any additional revenue which may arise from      
sweepings, vamping, Main Reef Leader pillars, auriferous middling material and  
surface material).                                                              
Development and refining of the layout and methodology on this first production 
area is the first of many steps in building a large and sustainable business    
over the next few years.                                                        
The process for the Reserve conversion (which has been reported in accordance   
with The JORC codes) developed with Snowden was conservative in its assumption  
that only the Main Reef would be mined and the Board has confidence that the    
results of this process represent a strong base case upon which the Company     
hopes to build. The process has also established a methodology and template for 
further Resources to Reserves conversions elsewhere within CRG`s other tenements
over a strike length of approximately 40km.                                     
The Reserve Statement highlights:                                               
- The first CMR mine is economic and technically feasible;                      
- JORC Probable Reserve of 270,900 ounces of gold (2.06 million tonnes at       
 4.1g/t) within the Main Reef on the CMR tenement in two well defined channels  
 at depths of between 70m and 500m and 70m and 750m below surface over          
approximately 2km of strike. Trial mining is set to occur within one of these  
 channels;                                                                      
- Conversion rate of 70% from Indicated Resource to Probable Reserve was        
 achieved for Main Reef mineralisation exceeding 3g/t within the identified     
channels; and                                                                  
- Run of Mine Operating Costs for this initial Reserve conversion - US$580/oz.  
Area          Classification  Tonnes (Mt)    Au (g/t)       Au (oz)             
East Limb     Probable        0.719          4.1            94,400              
West Limb     Probable        1.342          4.1            176,500             
Total         Probable        2.061          4.1            270,900             
EXPLORATION                                                                     
Exploration at CRG has a twofold purpose:                                       
Firstly, identifying and confirming Resources across the whole property; and    
Secondly, improving the confidence in existing Resources to allow for their     
inclusion into a mine plan.                                                     
Identification and confirmation of Resources                                    
180 exploration diamond drill holes were drilled, supporting the delineation of 
a further 1.76 million ounces of gold (reported in March, 2008), within the     
Kimberley and Bird Reef Series as presented in Table 1 below.                   
             Recoverable    Mean Rec. Au   Metal Content  Metal Content         
Tonnes after   Grade (g/t)    kg (`000)      oz (`000)             
             10%                                                                
             Geological                                                         
             loss                                                               
Inferred      6.8            3.8            25.6           828                  
Indicated     9.61           3.0            29.0           932                  
Total         16.41          3.3            54.6           1 760                
Table 1: March 2008 Inferred and Indicated Resource upgrade.                    
A further 48 diamond drill holes were drilled for geotechnical purposes,        
focusing mainly in the immediate portal area to test rock strength and general  
ground conditions for portal placement.                                         
The diamond drilling that has been performed has also helped to confirm the     
grades and widths as modelled in the existing Resource estimate undertaken by Dr
Lemmer and described in the Company`s 2007 Listing Prospectus. The results of   
drilling in the Slot 8 area of CMR are presented below in Table 2. It is        
important to note that these holes have not necessarily targeted high grade     
areas and the grades presented in the table of results do not necessarily       
reflect the expected grades to be mined.                                        
Table can be viewed on the Company website: www.centralrandgold.com.            
Table 2: Diamond drill holes drilled in the Slot 8 area of CMR targeting the    
Main Reef Package.                                                              
The reported intervals above are continuous gold mineralised drill intercepts,  
corrected for lithological dip. In areas of core loss within the reef value     
zone, a nominal 0.01g/t grade has been applied.                                 
The location and distribution of these holes is portrayed in the map attached   
(Figure 1).                                                                     
Figure can be viewed on the Company website: www.centralrandgold.com.           
Figure 1: Diamond drill holes drilled in the Slot 8 area of CMR targeting the   
Main Reef Package                                                               
In addition to this, a concerted campaign of reverse circulation drilling (552  
holes) was used to broadly identify shallow resources with slot mining          
potential. This drilling targeted areas of shallow mineralisation in the CMR and
Crown Mines areas.                                                              
Concentration has now been placed on the systematic trenching, sampling and     
evaluation of the close-to-surface targets indentified during the earlier       
reverse circulation drilling phase.                                             
This exploration for gold on the Main, White and Kimberley Reefs on Slots 4, 5, 
7, 8 and 9 (see Figure 2) has discovered an Exploration Target of between       
200,000 and 250,000 tonnes at an anticipated in situ grade of between 2.4 and   
4.4g/t. The Exploration Target depth is up to 30 metres below surface. These    
figures are based on weighted average composite sampling and gold assay of      
material obtained from systematic trenching, reverse circulation drilling and   
diamond drilling*. * The potential quantity and grade is conceptual in nature   
and there has been insufficient exploration to define a Mineral Resource and it 
is uncertain if further exploration will result in the definition of a Resource.
Further exploration work is ongoing, and includes trial mining and processing of
this shallow target to establish grade and orebody continuity, mineability,     
dilution and throughput characteristics                                         
Improving the confidence in existing Resources to allow for their inclusion into
mine planning ahead of mine development                                         
Focus is shifting from regional exploration and resource drilling of secondary  
reef targets to focused systematic diamond drilling ahead of the developing     
decline and in and around the footprint of the second decline.  It is targeting 
largely the western Slot 8 and Slot 9 areas as can be seen in Figure 2. This    
will confirm Main Reef block grades, as estimated in the Resource Model, as well
as allowing for further geotechnical ground condition assessment.               
Figure can be viewed on the Company website: www.centralrandgold.com            
Figure 2: Slot positions                                                        
TRIAL MINING                                                                    
Mine Progress                                                                   
The Resource to Reserve conversion process has culminated in the conversion of  
270,900oz Au from Resources to Probable Reserves in our first targeted mining   
area.                                                                           
The original mine plan that was proposed in this area was to perform extensive  
development over the full extent of the Western side of CMR with a drift-and-   
fill mining method being utilised. After an extensive review process it was     
determined that, even though this approach would produce the 90,000 tonnes      
originally required, the sustainable headgrade achieved would be uneconomical   
The technical team reviewed this approach and, after Snowden`s confirmation of  
its applicability, the Company has elected to concentrate on two higher grade   
payshoot areas within the same area. This should result in lower development    
costs, higher headgrades but lower tonnages being extracted. This presents a    
more favourable start-up operating model for the Company. The mining method now 
chosen (long hole, mechanised stoping) is new to the Witwatersrand Goldfields,  
posing some questions that only physical mining will answer. Through trial      
mining and mining optimisation it is expected that these uncertainties will be  
overcome. This will also address any refinements needed to the mine plan and the
overall economics of this part of the project and future extensions.            
Further investment in process plants may increase recoveries to the point where 
reducing pay-limits will significantly enhance revenue from the pay-shoots and  
render the intervening material recoverable. This is, as yet, unconfirmed and   
excluded from the current plan and model.                                       
The decline on Slot 8 is progressing well, having achieved some 300 metres as at
August 20, 2009, and is currently approximately 35 metres away from the reef.   
The Company is achieving an average progression rate of 4.6 metres per day,     
which will allow for the first reef drive to be intersected by the end of       
August. Trial stoping is expected to begin at the end of 2009 or in January     
2010.                                                                           
The Company has engaged the services of Australian Contract Mining ("ACM"), an  
Australian based mining contractor with specific expertise in mechanised        
underground mining and development (particularly in long-hole stoping). ACM will
assist CRG with the underground development and the mining (previously          
contracted to Mathoma Mining Consortium) and will also train CRG`s staff to be  
able to implement the methods effectively without external assistance.          
CRG continues with surface slot mining whilst the underground mine development  
is underway. For the 2009 year to August 12, 2009, CRG has mined approximately  
56,930 tonnes from surface with an average headgrade of 3.81g/t.                
METALLURGICAL PROGRESS                                                          
Considerable metallurgical progress has been made. Initially commissioned in    
October 2008, the 20tph Gekko crushing and concentrating plant had a flotation  
circuit added and commissioned in January 2009. Following debottlenecking and   
upgrading, throughput at the plant has been gradually increased with July       
reaching a total of 10,016 tonnes with a 67% recovery (not unreasonable for     
surface, oxidised material) and a production availability rate of around 75%.   
Throughput, recovery and production availability will increase once underground 
sulphide material is being treated.                                             
A Bateman 30tph crushing and concentrating plant was commissioned in June 2009. 
Concentrate from the Gekko and Bateman crushing and concentrating plants is now 
being fed to the 10,000tpm Carbon-In-Leach concentrate treatment plant which was
assembled on site over a three month period and commissioned at the end of May  
2009. Included in the CIL plant is a smelt house facility that enables CRG to   
produce bullion bars (88%-90% gold), which is transported to Rand Refinery      
Limited for final refinement and sale. The first smelt on site occurred in July 
2009.                                                                           
A further Gekko crushing and concentrating plant, with a capacity of 50tph      
(30,000 tonnes per month), was ordered during the period and is expected to be  
delivered to site and commissioned around November of this year.                
OPERATIONAL MANAGEMENT CHANGES                                                  
A number of important management changes have been made that strengthen CRG`s   
operations and provide the necessary skills and experience to achieve the       
Company`s objectives.                                                           
Keith Matier was appointed Chief Geologist with effect from May 1, 2009         
Don Harper was appointed Head of Mining with effect from June 1, 2009           
Patrick Malaza was appointed Chief Financial Officer with effect from July 1,   
2009                                                                            
The addition of Keith, Don and Patrick to the management team has appropriately 
strengthened the Company`s capabilities as it moves from a conceptual stage     
towards being an operating company.                                             
Keith Matier has spent more than 16 years in the mining and exploration         
industry, specifically in gold and platinum, and is particularly well versed in 
operational grade control and mineral resource management. He is a "competent   
person" in terms of the JORC and SAMREC Codes.                                  
Don Harper has particular knowledge and experience in the fast-track development
of declines and long hole stoping. A qualified and experienced mining engineer, 
he has more than 19 years` experience in the underground base metal and gold    
sectors in Australia. He is a seasoned operator in high-speed trackless decline 
development and mechanised, narrow vein, stoping mining techniques.             
Patrick Malaza, a qualified chartered accountant, has held senior finance       
management positions with several major companies over the past 22 years.  In   
addition to managing large and complex finance teams, he has successfully led   
and completed projects in costing models, international accounting standards    
compliance, external annual and interim reporting, management reporting,        
structured/asset finance, infrastructure investments, information systems,      
procurement processes and systems improvements and internal controls.           
COST CONTAINMENT AND FINANCIAL REVIEW                                           
A comprehensive cost containment exercise has resulted in a substantial         
reduction in ongoing costs across the Company`s operations and activities.      
As a result of a voluntary retrenchment programme introduced in June 2009, the  
permanent workforce has been reduced by 33 (13%). The use of consultants has    
been reduced wherever possible and the shaft re-access programme has been placed
on care and maintenance. Infrastructure spending and certain exploration        
activities have also been cut back to focus only on priority items. This        
emphasis on cost containment will be continued in the six months to December 31,
2009.                                                                           
As presented in the Interim Financial Statements attached, the loss for the six 
months to June 30, 2009 amounted to US$14.55 million, equivalent to 5.89 cents  
per share. As at June 30, 2009, cash and cash equivalents totalled approximately
US$46.45 million, decreasing by US$23.15 million from the $US69.6 reported at   
December 31, 2008.                                                              
COMMUNITY INVOLVEMENT AND BLACK ECONOMIC EMPOWERMENT                            
Since its inception, CRG has been committed to uplifting the communities in     
which it operates through a wide variety of initiatives aimed at education, job 
creation, sport and living improvement programmes while providing opportunities 
for individuals with scholastic and sporting talents the platform to excel.     
Recent activities include:                                                      
A partnership with South Africa`s Department of Education to provide bursaries  
to top students from the poorest backgrounds living in close proximity to the   
Company`s mining tenements. A total of 13 bursaries have been awarded covering  
tuition, a stipend, books and accommodation close to Wits University;           
A weekend and vacation school project that aims to improve the Grade 12 pass    
rate for  some of the poorest performing schools in our community area by       
teaming up learners with some of the best teachers in Gauteng; and              
A CRG-sponsored soccer tournament featuring players from 29 Soweto schools      
competing for a R150,000  (US$18,750) prize pool. The winning school received   
R80,000 (US$10,000) (the players received an extra R20,000 (US$2,500) to share),
the second placed school received R30,000 (US$3,750) and the school that came   
third was awarded R20,000 (US$2,500).                                           
CRG is committed to transparent and sustainable Broad-based Black Economic      
Empowerment. The dispute with our current BEE partner, Puno Gold Investments    
(Proprietary) Limited, regarding alleged breaches of the CRGSA shareholders`    
agreement has been referred to arbitration. This process should be concluded in 
2010.                                                                           
WATER                                                                           
CRG is a member of Central Basin Environmental Corporation ("CBEC"), a Section  
21 company, established to find a long term and sustainable solution for water- 
related issues in the Central Basin area. CBEC, which also comprises DRDGold Ltd
and West Wits Mining Ltd, is currently analysing various options to keep the    
area suitably de-watered to allow ongoing underground mining operations. As     
mentioned in the Company`s 2008 annual report, CRG will be required to make a   
substantial contribution to the building of a pump station in the Central Basin 
as part of the CBEC initiative. It is expected that an announcement will be made
by CBEC in the last quarter of 2009.                                            
MILESTONE RECAP                                                                 
At this stage of the Company`s progression, with the achievement of the initial 
conversion of Resources to Reserves, it is worth taking a step back and         
reflecting on what tangible progress has been made on our Johannesburg gold     
mining project in a relatively short space of time.                             
Milestone 1: Upgrading our Resource base through a comprehensive exploration and
shaft re-access programme.                                                      
The ongoing exploration programme has thus far delivered results in support of  
original expectations. The early drilling programme and ongoing digitisation    
have brought about an increase in our Indicated and Inferred Resources by 1.8   
million ounces to 35.6 million ounces as announced in March 2008. More of this  
will follow and greatly enhance our understanding of geological structures in   
target areas.                                                                   
Milestone 2: Obtaining necessary local community support and developing         
strategic alliances in order to ensure the future sustainability of the mine and
receipt of New Order Mining Rights.                                             
As a company operating in an urban environment, we are committed to our         
communities in a variety of ways, including creating employment, improving      
skills levels, uplifting standards of living and generating wealth. This was    
demonstrated at the Company`s public participation meetings where more than     
20,000 members of the local community were present. Achieving the New Order     
Mining Right was only possible through such, and CRG will continue to work      
closely with communities in the future.                                         
Further demonstration of our commitment to these core values can be found in our
strategic alliances with groups such as Umkhonto we Sizwe Military Veterans`    
Association, Youth in Minerals and Energy and the Congress of South African     
Students.                                                                       
Milestone 3:  Receiving first New Order Mining Right and resolving ownership    
structures through Section 11 Applications                                      
The first New Order Mining Right was awarded to CRG in September 2008. It was   
achieved in record time over the CMR, Langlaagte and Crown Mines tenements.     
In February 2009, the Group was also granted New Order Mining and Prospecting   
Rights over seven tenements in accordance with section 11 of South Africa`s     
Mineral and Petroleum Resources Development Act of 2002, effectively            
transferring these Rights from the founding partners into the Central Rand Gold 
Group.                                                                          
Milestone 4: Trial mining - Metallurgy and Underground Trial Mining             
The Company has successfully commissioned two crushing and concentrating plants 
(the Gekko 20tph plant and Bateman 30tph plant) as well as a 10,000tpm CIL      
concentrate treatment plant. The first decline to be utilised to access         
underground ore is approximately 35m away from the reef intersection which is   
scheduled to occur by the end of August 2009.                                   
Milestone 5: Maintaining a strong safety record                                 
The Company has developed and implemented a robust safety control environment   
focussing on standards and awareness. To date, zero fatalities and two lost time
injuries have been reported.                                                    
The milestones achieved to date lay a strong foundation for the future of CRG.  
GOING FORWARD                                                                   
The Story so far                                                                
In line with CRG`s progress to date and as indicated in this review, significant
investments have already been made by the Company in developing its exploration 
programme, securing its first New Order Mining Right and procuring metallurgical
and mining equipment in the advancement of the Company`s surface mining         
operations and decline development.                                             
The second half of 2009 will be strongly focused on testing and proving that    
CRG`s concepts are practical and workable and are providing the platform for    
sustainable gold production. Essentially, the July-December 2009 period will    
serve as a vital test or pilot phase, which will determine the future direction 
of the Company.                                                                 
Looking forward                                                                 
At the time of CRG`s Initial Public Offering, it was outlined that the Company`s
initial capital was to carry it into production and that development from that  
point would require more funding, probably towards the mid-end of 2009 (CRG`s   
Listing Prospectus November 2007 - page 98).                                    
In response to market turmoil (a risk identified in the risk analysis section of
the Listing Prospectus - page 18) the Company identified that it could confirm  
its viability with a considerably scaled down development plan, conserve it cash
resources and defer consideration of larger scale and further funding until     
markets stabilised. This is the plan currently in execution.                    
Cash in hand, planned expenditure and revenue expectations indicate that further
development of the mine will require further capital from about the middle of   
2010.                                                                           
Appropriate rates of development, the resultant cash flows and the required     
future funding are under current consideration with a view towards finalisation 
and communication in the early part of 2010 - at which time uncertainty         
surrounding underground work will be rapidly reducing.                          
Key deliverables over the next 12 months                                        
CRG`s key deliverables for the period to mid-2010 have been agreed by the       
Company`s Board of Directors to be:                                             
To execute the trial mining operation over the course of the next few months;   
To demonstrate that the mining methods as well as the metallurgical and economic
assumptions used in the Snowden Report are robust and conservative in practice; 
To demonstrate that there is material upside to the base case outlined in the   
report from inclusion of vamping, sweepings, mineralisation outside the Main    
Reef zone, extraction of some Main Reef Leader pillars and mining outside the   
chosen pay shoots - none of which are included in the base case and all of which
would positively impact the return from the investment in the current           
infrastructure, the cash cost and total cost per ounce;                         
To confirm the potential for significant improvements in metallurgical          
recoveries and resulting reduction in underground pay-limits;                   
To utilise the knowledge gained from trial mining to firm up and develop        
feasibility studies for additional mining targets in the CRG tenement areas; and
To raise additional funds (debt and/or equity) to develop mines on the          
additional targets based on the feasibility studies to be undertaken - the      
magnitude and method of which should be communicated within the first half of   
2010.                                                                           
JOHAN du TOIT                                                                   
CENTRAL RAND GOLD LIMITED                                                       
Condensed Group Statement of Financial Position as at 30 June 2009              
                                                                                
31 December                          
                            30 June 2009   2008           30 June 2008          
                            US$`000        US$`000        US$`000               
                      Notes (Unaudited)    (Audited)      (Unaudited)           
NON CURRENT ASSETS                                                              
Property, plant and                                                             
equipment              5     30 712         10 458         3 331                
Intangible assets      6     1 251          -              -                    
Prepayments                  -              -              2 202                
Loans receivable       7     6 626          5 205          5 808                
                            38 589         15 663         11 341                
                                                                                
CURRENT ASSETS                                                                  
Inventory              8     4 142          732            -                    
Prepayments and other                                                           
receivables                  5 176          5 332          1 264                
Security deposits and                                                           
guarantees                   6 686          6 095          2 865                
Cash and bank                                                                   
balances                     46 449         69 601         132 551              
62 453         81 760         136 680               
                                                                                
TOTAL ASSETS                 101 042        97 423         148 021              
                                                                                
EQUITY AND                                                                      
LIABILITIES                                                                     
Share capital                5 023          5 023          5 023                
Share premium                191 406        191 406        191 406              
Share-based                                                                     
compensation reserve         26 644         26 429         23 174               
Treasury shares        9     (2)            (4)            (35)                 
Foreign currency                                                                
translation reserve          (30 290)       (42 900)       (9 807)              
Accumulated losses           (106 859)      (92 490)       (70 271)             
                            85 922         87 464         139 490               
Minority interest            -              -              -                    

TOTAL EQUITY                 85 922         87 464         139 490              
                                                                                
NON CURRENT                                                                     
LIABILITIES                                                                     
Environmental                                                                   
rehabilitation and                                                              
other provisions       10    39             244            -                    
Borrowings                   35             46             74                   
Operating lease                                                                 
liability                    41             41             42                   
                            115            331            116                   
CURRENT LIABILITIES                                                             
Trade and other                                                                 
payables                     6 413          3 758          2 227                
Loan payable                 6 626          5 205          5 808                
Environmental                                                                   
rehabilitation and                                                              
other provisions       10    1 206          324            186                  
Taxation payable             709            310            161                  
Operating lease                                                                 
liability                    13             2              -                    
Borrowings                   38             29             33                   
                            15 005         9 628          8 415                 

TOTAL LIABILITIES            15 120         9 959          8 531                
                                                                                
TOTAL EQUITY AND                                                                
LIABILITIES                  101 042        97 423         148 021              
The condensed interim financial statements were approved by the Board on 24     
August 2009 and were signed on its behalf by:                                   
S.J. du Toit                         A.J.M Walton                               
Johannesburg                                                                    
24 August 2009                                                                  
The notes are an integral part of these financial statements.                   
CENTRAL RAND GOLD LIMITED                                                       
Condensed Group Income for the 6 months ended 30 June 2009                      
                                                                                
                                           12 months                            
                            6 months       ended 31       6 months              
ended 30 June  December 2008  ended 30 June         
                            2009           US$`000        2008                  
                            US$`000        (Audited)      US$`000               
                      Notes (Unaudited)                   (Unaudited)           
Other income and                                                                
gains                        6 085          252            9                    
Employee benefits                                                               
expense                      (5 027)        (7 809)        (2 688)              
Directors` emoluments  11    (925)          (9 830)        (5 689)              
Depreciation                 (911)          (1 210)        (387)                
Operating lease                                                                 
payments                     (689)          (809)          (384)                
Exploration                                                                     
expenditure            12    (12 137)       (20 310)       (8 692)              
Other expenses               (2 680)        (6 043)        (3 692)              
Operating loss               (16 284)       (45 759)       (21 523)             
Interest received            2 458          7 051          4 493                
Finance costs                (329)          (853)          (461)                
Loss before income                                                              
tax                          (14 155)       (39 561)       (17 491)             
Income tax             13    (399)          (218)          (69)                 
Loss for the period          (14 554)       (39 779)       (17 560)             
                                                                                
Loss is attributable                                                            
to:                                                                             
Minority shareholders        -              -              -                    
Equity holders of the                                                           
Parent                       (14 554)       (39 779)       (17 560)             
(14 554)       (39 779)       (17 560)              
                                                                                
Shares in issue              246 919 650    246 919 650    246 919 650          
Weighted average                                                                
number of ordinary                                                              
shares in issue              246 919 650    245 387 150    245 075 309          
                                                                                
Fully diluted                                                                   
weighted average                                                                
number of ordinary                                                              
shares in issue              246 919 650    245 387 150    246 611 958          
Basic loss per share                                                            
(cents)                      (5.89)         (16.21)        (7.17)               
Headline loss per                                                               
share (cents)                (5.62)         (16.21)        (7.16)               
Diluted loss per                                                                
share (cents)                (5.89)         (16.21)        (7.12)               
Diluted headline loss                                                           
per share (cents)            (5.62)         (16.21)        (7.12)               
                                                                                
Reconciliation                                                                  
between loss                                                                    
attributable to the                                                             
equity holders of the                                                           
Group and the                                                                   
headline loss                                                                   
attributable to the                                                             
equity holders of the                                                           
Group:                                                                          
Loss attributable to                                                            
equity holders of the                                                           
Group                        (14 554)       (39 779)       (17 560)             
Provision for                                                                   
restructuring                472            -              -                    
Loss on disposal of                                                             
property, plant and                                                             
equipment                    217            1              -                    
Headline loss                                                                   
attributable to                                                                 
equity holders of the                                                           
Group                        (13 865)       (39 778)       (17 560)             
The notes are an integral part of these financial statements.                   
                                                                                
CENTRAL RAND GOLD LIMITED                                                       
Condensed Group Statement of Comprehensive Income for the 6 months ended        
30 June 2009                                                                    
                                                                                
                                           12 months                            
6 months       ended 31       6 months              
                            ended 30 June  December 2008  ended 30 June         
                            2009           US$`000        2008                  
                            US$`000        (Audited)      US$`000               
Notes (Unaudited)                   (Unaudited)           
Loss for the period          (14 554)       (39 779)       (17 560)             
Other comprehensive                                                             
income:                                                                         
Exchange differences                                                            
on translating                                                                  
foreign operations           12 610         (33 588)       (495)                
Income tax relating                                                             
to components of                                                                
other comprehensive                                                             
income                       -              -              -                    
Other comprehensive                                                             
income for the                                                                  
period, net of tax           12 610         (33 588)       (495)                
Total comprehensive                                                             
income for the period        (1 944)        (73 367)       (18 055)             

Total comprehensive                                                             
income is                                                                       
attributable to:                                                                
Minority shareholders        -              -              -                    
Equity holders of the                                                           
Parent                       (1 944)        (73 367)       (18 055)             
                            (1 944)        (73 367)       (18 055)              

The notes are an integral part of these financial statements.                   
                                                                                
                                                                                
CENTRAL RAND GOLD LIMITED                                                       
Condensed Group Statement of Changes in Equity for the period ended 30          
June 2009                                                                       
                    Attributable to equity holders of the Parent Company        
Notes  Ordinary Share    Foreign     Share-Based   Treasury        
                    Share    Premium  Currency    Compensation  Shares          
                    Capital           Translation Reserve                       
                                      Reserve                                   
US$`000  US$`000  US$`000     US$`000       US$`000         
Balance at 31                                                                   
December 2007                                                                   
                                                                                
5 017    191 406  (9 312)     18 152        (31)            
Total                                                                           
comprehensive                                                                   
income for                                                                      
the period                                                                      
ended 30 June                                                                   
2008                                                                            
Profit or                                                                       
loss                 -        -        -           -             -              
Other                                                                           
comprehensive                                                                   
income                                                                          
Foreign                                                                         
currency                                                                        
adjustments          -        -        (495)       -             -              
Transactions                                                                    
with owners,                                                                    
recorded                                                                        
directly in                                                                     
equity                                                                          
Employee                                                                        
Share Option                                                                    
Scheme:                                                                         
Treasury                                                                        
shares issued        6        -        -           -             (6)            
Share-based                                                                     
payments:                                                                       
Employees and                                                                   
director`s                                                                      
shares               -        -        -           5 022         2              
Balance at 30                                                                   
June 2008            5 023    191 406  (9 807)     23 174        (35)           

Balance at 31                                                                   
December 2008        5 023    191 406  (42 900)    26 429        (4)            
Total                                                                           
comprehensive                                                                   
income for                                                                      
the period                                                                      
ended 30 June                                                                   
2009                                                                            
Profit or                                                                       
loss                 -        -        -           -             -              
Other                                                                           
comprehensive                                                                   
income                                                                          
Foreign                                                                         
currency                                                                        
adjustments          -        -        12 610      -             -              
Transactions                                                                    
with owners,                                                                    
recorded                                                                        
directly in                                                                     
equity                                                                          
Employee                                                                        
Share Option                                                                    
Scheme:                                                                         
Transfer of                                                                     
forfeited                                                                       
share options        -        -        -           (185)         -              
Share-based   16                                                                
payments:                                                                       
Employees and                                                                   
director`s                                                                      
shares               -        -        -           400           2              
Balance at 30                                                                   
June 2009            5 023    191 406  (30 290)    26 644        (2)            
                                                                                
The notes are an integral part of these financial statements.                   
CENTRAL RAND GOLD LIMITED                                                       
Condensed Group Statement of Changes in Equity for the period ended 30          
June 2009 continued                                                             
Notes  Accumulated              Minority                        
                       losses       Total       Interest    Total               
                       US$`000      US$`000     US$`000     US$`000             
Balance at 31                                                                   
December 2007           (52 711)     152 521     -           152 521            
Total                                                                           
comprehensive                                                                   
income for the                                                                  
period ended 30                                                                 
June 2008                                                                       
Profit or loss          (17 560)     (17 560)    -           (17 560)           
Other                                                                           
comprehensive                                                                   
income                                                                          
Foreign currency                                                                
adjustments             -            (495)       -           (495)              
Transactions                                                                    
with owners,                                                                    
recorded                                                                        
directly in                                                                     
equity                                                                          
Employee Share                                                                  
Option Scheme:                                                                  
Treasury shares                                                                 
issued                  -            -           -           -                  
Share-based                                                                     
payments:                                                                       
Employees and                                                                   
director`s                                                                      
shares                  -            5 024       -           5 024              
Balance at 30                                                                   
June 2008               (70 271)     139 490     -           139 490            

Balance at 31                                                                   
December 2008           (92 490)     87 464      -           87 464             
Total                                                                           
comprehensive                                                                   
income for the                                                                  
period ended 30                                                                 
June 2009                                                                       
Profit or loss          (14 554)     (14 554)    -           (14 554)           
Other                                                                           
comprehensive                                                                   
income                                                                          
Foreign currency                                                                
adjustments             -            12 610      -           12 610             
Transactions                                                                    
with owners,                                                                    
recorded                                                                        
directly in                                                                     
equity                                                                          
Employee Share                                                                  
Option Scheme:                                                                  
Transfer of                                                                     
forfeited share                                                                 
options                 185          -           -           -                  
Share-based                                                                     
payments:        16                                                             
Employees and                                                                   
director`s                                                                      
shares                  -            402         -           402                
Balance at 30                                                                   
June 2009               (106 859)    85 922      -           85 922             
                                                                                
CENTRAL RAND GOLD LIMITED                                                       
Condensed Group Cash Flow Statement for the 6 months ended 30 June 2009         
                                                                                
                                           12 months                            
6 months       ended 31       6 months              
                            ended 30 June  December 2008  ended 30 June         
                            2009           US$`000        2008                  
                            US$`000        (Audited)      US$`000               
Notes (Unaudited)                   (Unaudited)           
CASH FLOWS FROM                                                                 
OPERATING ACTIVITIES                                                            
Loss before tax              (14 155)       (39 561)       (17 491)             
Adjusted for :                                                                  
Depreciation                 911            1 210          387                  
Employment benefit                                                              
expenditure (Share-                                                             
based payments)              638            8 769          4 700                
Loss on disposal of                                                             
fixed assets                 217            1              -                    
Net gain on foreign                                                             
exchange                     (6 085)        (165)          (1 297)              
Increase in operating                                                           
lease liability              3              18             4                    
Interest received            (2 458)        (6 225)        (4 493)              
Finance costs                329            27             461                  
Changes in working                                                              
capital                                                                         
(Increase)/decrease                                                             
in receivables               2 266          (5 144)        (125)                
Increase in                                                                     
provisions                   485            660            60                   
Increase in inventory        (2 813)        (852)          -                    
Increase/(decrease)                                                             
in trade and other                                                              
payables                     1 303          2 107          (307)                
Cash flows absorbed                                                             
by operations                (19 359)       (39 155)       (18 101)             
Interest received            2 458          6 225          4 493                
Finance costs                (329)          (27)           (461)                
Net cash used in                                                                
operating activities         (17 230)       (32 957)       (14 069)             
                                                                                
CASH FLOWS FROM                                                                 
INVESTING ACTIVITIES                                                            
Purchases of                                                                    
property, plant &                                                               
equipment              5     (18 193)       (10 856)       (1 087)              
Proceeds from                                                                   
disposal of property,        -              18             -                    
plant and equipment                                                             
Increase in non-                                                                
current prepayment           -              -              (2 202)              
Purchases of                                                                    
subsidiaries           6     (917)          -              -                    
Net cash used in                                                                
investing activities         (19 110)       (10 838)       (3 289)              

CASH FLOWS FROM                                                                 
FINANCING ACTIVITIES                                                            
Repayments of                                                                   
borrowings                   (15)           (30)           (35)                 
Decrease/(increase)                                                             
in security deposits         516            (5 347)        (792)                
Proceeds from                                                                   
issuance of shares           -              2              2                    
Net cash from/(used                                                             
in) financing                                                                   
activities                   501            (5 375)        (825)                

Net decrease in cash                                                            
and cash equivalents         (35 839)       (49 170)       (18 183)             
Cash and cash                                                                   
equivalents at                                                                  
beginning of period          69 601         149 195        149 195              
Effects of exchange                                                             
rate movement on cash                                                           
balances                     12 687         (30 424)       1 539                
Cash and cash                                                                   
equivalents at end of                                                           
period                       46 449         69 601         132 551              

The notes are an integral part of these financial statements.                   
CENTRAL RAND GOLD GROUP                                                         
Notes to the Condensed Interim Group Financial Statements                       
1. Basis of preparation                                                         
This condensed consolidated interim financial information for the six           
months ended 30 June 2009 has been prepared in accordance with IAS 34,          
`Interim financial reporting`. The interim results for the six months           
ended 30 June 2009 are unaudited. The condensed consolidated interim            
financial information should be read in conjunction with the annual             
financial statements for the year ended 31 December 2008, which have            
been prepared in accordance with International Financial Reporting              
Standards (`IFRS`). The financial information set out in this document          
in respect of the year ended 31 December 2008 does not constitute the           
Group`s statutory accounts for the year ended 31 December 2008.                 
2. Accounting policies                                                          
Except as described below, the accounting policies applied are                  
consistent with those of the annual financial statements for the year           
ended 31 December 2008, as described in those annual financial                  
statements.                                                                     
Taxes on income in the interim periods are accrued using the tax rate           
that would be applicable to expected total annual earnings.                     
The following new standards and amendments to standards are mandatory           
for the first time for the financial year beginning 1 January 2009.             
IAS 1 (revised), `Presentation of financial statements`. The revised            
standard prohibits the presentation of items of income and expenses             
(that is `non-owner changes in equity`) in the statement of changes in          
equity, requiring `non-owner changes in equity` to be presented                 
separately from owner changes in equity. All `non-owner changes in              
equity` are required to be shown in a performance statement.                    
Entities can choose whether to present one performance statement (the           
statement of comprehensive income) or two statements (the income                
statement and statement of comprehensive income).                               
The Group has elected to present two statements: an income statement and        
a statement of comprehensive income. The interim financial statements           
have been prepared under the revised disclosure requirements.                   
IFRS 8, `Operating segments`. IFRS 8 replaces IAS 14, `Segment                  
reporting`. It requires a `management approach` under which segment             
information is presented on the same basis as that used for internal            
reporting purposes.                                                             
Operating segments are reported in a manner consistent with the internal        
reporting provided to the chief operating decision-maker. The chief             
operating decision-maker has been identified as the Board of Directors          
that makes strategic decisions.                                                 
Management has determined that the Group operates primarily in one              
business and geographical segment, being the exploration and mining of          
gold and other related minerals on the Central Rand Goldfield of South          
Africa. Accordingly, no analysis of segment revenue, results or net             
assets has been presented.                                                      
IFRS 2, `Share-based payment`. IFRS 2 provides guidance on whether share-       
based transactions involving treasury shares or involving group entities        
(for example, options over a parent`s shares) should be accounted for as        
equity-settled or cash settled share-based payment transactions in the          
stand alone accounts of the parent and group companies.                         
The change does not have a material effect on the interim financial             
statements.                                                                     
The following new standards, amendments to standards and interpretations        
are mandatory for the first time for the financial year beginning 1             
January 2009, but are not currently relevant for the Group.                     
IAS 23 (amendment), `Borrowing costs`.                                          
IAS 32 (amendment), `Financial instruments: Presentation`.                      
IFRIC 13, `Customer loyalty programmes`.                                        
IFRIC 15, `Agreements for the construction of real estate`.                     
IFRIC 16, `Hedges of a net investment in a foreign operation`.                  
IAS 39 (amendment), `Financial instruments: Recognition and                     
measurement`.                                                                   
The following new standards, amendments to standards and interpretations        
have been issued, but are not effective for the financial year beginning        
1 January 2009 and have not been early adopted:                                 
IFRS 3 (revised), `Business combinations` and consequential amendments          
to IAS 27, `Consolidated and separate financial statements`, IAS 28,            
`Investments in associates` and IAS 31, `Interests in joint ventures`,          
effective prospectively to business combinations for which the                  
acquisition date is on or before the beginning of the first annual              
reporting period beginning on or after 1 July 2009.                             
IFRIC 17, `Distributions of non-cash assets to owners`, effective for           
annual periods beginning on or after 1 July 2009. This is not currently         
applicable to the Group, as it has not made any non-cash distributions.         
IFRIC 18, `Transfers of assets from customers`, effective for transfers         
of assets received on or after 1 July 2009. This is not relevant to the         
Group, as it has not received any assets from customers.                        
The following accounting policies are applicable to new transactions and        
events during the period:                                                       
Intangible assets                                                               
Acquisition of assets                                                           
Frequently, the acquisition of mining licences is effected through a non-       
operating corporate structure. As these structures do not represent a           
business, it is considered that the transactions do not meet the                
definition of a business combination. Accordingly the transaction is            
accounted for as the acquisition of an asset. The net assets acquired           
are recognised at cost. Where the Group has full control but does not           
own 100% of the assets, then a minority interest is recognised at an            
equivalent amount based on the Group`s cost, the assets continue to be          
carried at cost and changes in those values are recognised in equity.           
Inventories                                                                     
Inventories are valued at the lower of cost and net realisable value            
after appropriate allowances for redundant and slow moving items. Cost          
is determined on the following bases:                                           
gold in process is valued at the average total production cost at the           
relevant stage of production;                                                   
gold dore / bullion is valued on an average total production cost               
method;                                                                         
ore stockpiles are valued at the average moving cost of mining and              
stockpiling the ore. Stockpiles are classified as a noncurrent asset            
where the stockpile exceeds current processing capacity; and                    
mine operating supplies are valued at average cost                              
A portion of the related depreciation, depletion and amortisation charge        
is included in the cost of inventory.                                           
3. Estimates                                                                    
The preparation of interim financial statements requires management to          
make judgements, estimates and assumptions that affect the application          
of accounting policies and the reported amounts of assets and                   
liabilities, income and expense. Actual results may differ from these           
estimates.                                                                      
During the six months ended 30 June 2009 management reassessed its              
estimates in respect of:                                                        
the recoverable amount of inventories (see note 8)                              
provisions (see note 10)                                                        
4. Financial Risk Management                                                    
The Group`s financial risk management objectives and policies are               
consistent with those disclosed in the consolidated annual financial            
statements as at and for the year ended 31 December 2008.                       
Foreign currency rates                                                          
The US Dollar rates of exchange applicable to the year are as follows:          
2009              2008               2008                    
                   Six months to 30  Six months to 30   Year ended 31           
                   June              June               December                
                   Closing Average   Closing Average    Closing Average         
South African Rand  0.13    0.11      0.13    0.13       0.11    0.12           
British Pound       1.65    1.49      2.00    1.98       1.45    1.86           
5. Property, plant and equipment                                                
During the period the Group spent US$16,982,694 (six months ended 30            
June 2008: US$0) on processing plants and mining equipment. Assets with         
a net book amount of US$216,510 (six months ended 30 June 2008: US$0)           
were disposed of during the year. The foreign exchange effect on the            
movements in property, plant and equipment amounts to US$4,606,677.             
6. Intangible assets                                                            
During the reporting period, the Group purchased the issued share               
capital of Ferreira Estate and Investment Company ("FEIC"), the                 
registered holder of the Prospecting and Mining rights over the                 
Consolidated Main Reef, Crown Mines and Langlaagte mining areas. The            
purchase price included an amount of US$ 1,251,243 for the purchase of          
these Prospecting and Mining rights.                                            
7. Loans receivable                                                             
Puno Gold Investments (Proprietary) Limited ("Puno")                            
Since the last report for the year ended 31 December 2008 there has been        
no resolution to the dispute relating to alleged procedural breaches of         
the CRGSA Shareholders Agreement between Central Rand Gold SA                   
(Proprietary) Limited and its current Black Economic Empowerment ("BEE")        
shareholder, Puno Gold Investments (Proprietary) Limited. The dispute           
surrounds the allocation of intercompany loans which fund the budget and        
work programme and the incurring of, and level of, certain costs. In            
order to prevent protracted litigation, the parties have agreed to refer        
the matter to arbitration pursuant to the dispute resolution mechanism          
under the shareholders agreement. The Group still believes that                 
ultimately their position will prevail. The Directors are still of the          
opinion that this will not have any material consequences in respect of         
the consolidated accounts of the Group. Notwithstanding this position,          
the Group have pending the outcome of any dispute allocated 100% of the         
intercompany balances directly through from the Company to CRGSA. This          
additional 26% of intercompany debt excluding interest amounts to ZAR           
85,120,418 (US$9,345,371) between 1 January and 30 June 2009 (ZAR               
114,139,770 (US$12,099,957) between 1 January and 31 December 2008).            
The loan payable to Puno Gold Investments (Proprietary) Limited contains        
the same allocations referred to above.                                         
                       Group                                                    
                       June                     December                        
                       2009                     2008                            
US$`000                  US$`000                         
8. Inventory                                                                    
Exploration consumables 1 701                    731                            
Ore stockpiles          2 438                    -                              
Stationery on hand      3                        1                              
Total inventory         4 142                    732                            
The amount of the write-down of ore stockpiles to net realisable value,         
and recognised as an expense is US$1,075,429 (2008: US$0). This expense         
is included in exploration expenditure.                                         
9. Treasury shares                                                              
During the year ended 31 December 2008, the Company issued 300,000              
shares to Mr M McMahon. 100,000 vested on 19 June 2008, 100,000 vested          
on 29 April 2009 and 100,000 will vest on 29 April 2010. No further             
shares were issued from the Employee Share Trust.                               
10. Environmental rehabilitation and other provisions                           
A provision of US$547,562 has been recognised for restructuring. The            
costs are expected to be incurred during the current financial year.            
11. Directors` Emoluments                                                       
A director of the Group, Mr M Sullivan, resigned during the period. Mike        
Sullivan was granted 2,465,996 share options on 31 October 2007. One            
third of the options vest per annum, with full vesting on the third             
anniversary of the grant date. The options expire on the fourth                 
anniversary of the date of grant. The first and second tranche of share         
options were not forfeited and the vesting remains unchanged. The final         
portion of the options granted were forfeited. The total number of share        
options that were forfeited are 821,999. Due to his resignation the             
future share options were recognised on the date of his resignation. The        
value of the accelerated share-based payments for these share options is        
GBP69,709 (US$104,108). The value of the share options that were                
forfeited as a result of his resignation is GBP212,397 (US$317,204). The        
value of the forfeited share options that were previously recognised was        
reversed in the period. The value of this reversal is GBP81,199                 
(US$121,267).                                                                   
12. Exploration expenditure                                                     
Included in exploration expenditure are the costs and revenues                  
incidental to the trial mining operations of the Company. CRGSA sold            
122.87 ounces of gold recovered from the metallurgical concentrator             
plant during the six months ended 30 June 2009. The revenue attributable        
to this sale is US$115,345. The remaining gold bearing concentrate              
recovered from the plant in the trial mining operations has been                
stockpiled for the extraction of gold by chemical process.                      
13. Income taxes                                                                
Income tax expense is recognised based on management`s best estimate of         
the weighted average annual income tax rate expected for the full               
financial year. The estimated average annual tax rate used for the year         
to 31 December 2009 is 2.82% (2008: 0.55%). The increase is mainly due          
to an increase in the intercompany loans from the Company to Central            
Rand Gold (Netherlands Antilles) N.V. ("CRGNV") and the disallowed              
interest on these loans.                                                        
14. Commitments                                                                 
a) Various contractual fees payable                                             
                       Group                                                    
June                     December                        
                       2009                     2008                            
                       US$`000                  US$`000                         
Capital committed for                                                           
the purchase of                                                                 
processing plants       5 869                    6 295                          
Fees payable to iProp                                                           
Limited for prospecting -                        500                            
Option fees payable to                                                          
Gravelotte Mines                                                                
Limited                 -                        100                            
                       5 869                    6 895                           
15. Segment reporting                                                           
The group operates predominately in one business and geographical               
segment, being the exploration and mining of gold and other related             
minerals on the Central Rand Goldfield of South Africa. Accordingly, no         
analysis of segment revenue, results or net assets has been presented.          
16. Share-based payments                                                        
Grant of options in the Company                                                 
During the period further share options were granted to selected                
employees. The options granted are summarized below.                            
Vesting           Strike price       Allocation        Number of share          
                                                      options granted           
600,000 on 31     Exercise price     Mr S.J. du Toit   1 800 000                
October 2009,     escalates in                                                  
600,000 on 31     accordance with                                               
October 2010 and  the vesting                                                   
600,000 on 31     tranches. One                                                 
October 2011.     third at price of                                             
                 GBP0.50, one                                                   
                 third at GBP1.00                                               
                 and one third at                                               
GBP1.50.                                                       
A director of the Group, Mr M Sullivan, resigned during the period.             
Please refer to Note 11 - Directors emoluments above for further                
information.                                                                    
17. Related parties                                                             
Except for the grant of share options in the Company disclosed in Note          
16 - Share-based payments and the resignation of a director disclosed in        
Note 11- Directors Emoluments, no other disclosable related party               
transactions occurred in the period.                                            
18. Events occurring after balance sheet date                                   
On 19 August 2009, the Company was issued with its first Resource to            
Reserve conversion report compiled by Snowden Mining Industry                   
Consultants. The JORC Probable Reserve of 270,900 ounces of gold (2.06          
million tonnes at 4.1g/t) is from within the Main Reef on the                   
Consolidated Main Reef tenement in two well defined channels at depths          
of between 70m and 500m and 70m and 750m below surface over                     
approximately 2km of strike. Details of this are covered in a separate          
Reserve Statement. The impact of this is not yet recognised in these            
interim financial statements.                                                   
Date: 25/08/2009 08:30:09 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.                                          



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.