Germany Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
DRDGOLD Limited, the fourth-largest gold producer in South Africa, announced today that its operating profit increased by 76% increased to R477.0 million for the year ended 30 June 2011.
The company announced a dividend of 7.5 South African cents.
“A 15% increase in the average Rand gold price received during FY 2011 to R308 221/kg – together with higher gold production – contributed to a 29% rise in revenue to R 2 565.3 million, and to increased operating profit. Cash operating unit costs for the year were 8% higher at R251 296/kg (FY2010: R233 122/kg), due mainly to power utility Eskom’s substantial price increases and higher winter tariffs,” said the company in a news release.
“While DRDGOLD’s only remaining, predominantly deep-level, underground operation, Blyvoor, was fully impaired in the year under review with a consequent once-off, non-cash impact on net profit, Pretorius points out that headline earnings per share (HEPS) for the year were unaffected by the accounting adjustment, rising by 115% to 28 South African cents.”
