CRD - Central Rand Gold Limited - Cancellation of mining right Release Date: 27/09/2011 07:05:01 Code(s): CRD
CRD - Central Rand Gold Limited - Cancellation of mining right
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
Registration number 2007/0192231/10)
LSE share code: CRND JSE share code: CRD
("Central Rand Gold" or the "Company")
CANCELLATION OF MINING RIGHT
Central Rand Gold, the South African gold mining and exploration holding
company, today announces that the Company has received notice from the Ministry
of Mineral Resources cancelling its Mining Right. As such operations have ceased
with immediate effect.
The Mining Right has been cancelled as a result of the contravention of Section
47(1)(b) and Section 47(1)(d) of the Act regarding the Mining Work Programme and
Social Labour Plan.
The Company is consulting with its legal advisers with regards to next steps and
a further announcement will be made in due course.
For further information, please contact:
Central Rand Gold +27 (0) 11 674 2304
Johan du Toit / Patrick Malaza
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 / James Strong
Jenni Newman Public Relations (Proprietary) Limited +27 (0) 11 506 7351
27 September, 2011
Date: 27/09/2011 07:05:01 Supplied by www.sharenet.co.za
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