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CENTRAL RAND GOLD LIMITED - Agreement Reached With Trans Caledon Tunnel Authority

Release Date: 27/11/2012 09:00:00      Code(s): CRD       PDF(s):  
Agreement Reached With Trans Caledon Tunnel Authority

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”)


AGREEMENT REACHED WITH TRANS CALEDON TUNNEL AUTHORITY


Further to the announcement released on 17 October 2012, Central
Rand Gold is pleased to announce that an agreement with the Trans
Caledon Tunnel Authority (“TCTA”) was executed on 26 November 2012
(“the Agreement”). Signature of the Agreement will give effect to
the donation of the pumps, previously purchased from international
technology group, Andritz Ritz (“the Pumps”), to TCTA for the
planned construction of the new High Density Sludge Treatment
Plant (“the Treatment Plant”) for the Central Basin. Construction
of the Treatment Plant is scheduled to commence on 8 January 2013.

The Pumps, together with the Treatment Plant, will provide the
means to contain the rising water table below the Environmental
Critical Level of 186 metres below surface (“mbs”), as measured at
the South West Vertical Shaft. In addition, the Pumps and the
Treatment Plant will further enable Central Rand Gold to gradually
dewater the Central Basin, at an incremental operating cost, to
the maximum operating depth of the Pumps of 400 mbs.

Despite the Pumps’ operating capacity being limited to 400 mbs,
the Agreement gives Central Rand Gold the option to undertake
further dewatering activities, which will allow the liberation of
the Company’s resources lying below the 400 mbs level, as future
mining operations may dictate.

For further information, please contact:
Central Rand Gold                        +27 (0) 87 310 4400
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 / Louise Mason

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

Johannesburg
27 November 2012

Sponsor
Merchantec Capital

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