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CENTRAL RAND GOLD LIMITED - Acid Mine Drainage

Release Date: 17/10/2012 15:00:00      Code(s): CRD       PDF(s):  
Acid Mine Drainage

                     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”)


                                ACID MINE DRAINAGE




Central Rand Gold notes the statement issued on 16 October 2012 by
the South African Department of Water Affairs which confirms that
the   Trans   Caledon      Tunnel   Authority   (“TCTA”)      is   authorised   to
finalise the awarding of the contract for the construction of the
infrastructure required for the interim Central Basin Acid Mine
Drainage solution. This authorisation allows the TCTA to conclude
and sign the necessary agreements with relevant mining houses in
order to implement such mandate.


Central Rand Gold will now engage further with TCTA in order to
ascertain     the    probable    timeline   within    which   such   agreements,
which include the water pump donation agreement, may be expected
to be executed.


The   Company       will   inform   shareholders     once   the    abovementioned
agreement has been agreed and signed with the TCTA.


Please refer to the following link www.dwaf.gov.za for the full
statement issued by the Department of Water Affairs.


For further information, please contact:
Central Rand Gold                                  +27 (0) 11 674 2304
Johan du Toit / Patrick Malaza
Charles Stanley Securities Limited    +44 (0) 20 7149 6478
Marc Milmo / Mark Taylor
Merchantec Capital                    +27 (0) 11 325 6363
Monique Martinez / Marcel Goncalves

Buchanan                              +44 (0) 20 7466 5000
Bobby Morse / Louis Mason

Jenni Newman Public Relations         +27 (0) 11 506 7351
Proprietary Limited
Jenni Newman

Johannesburg
17 October 2012
Sponsor
Merchantec Capital

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