EX-8 10 a04-4046_1ex8.htm EX-8

Exhibit 8

 

FOR IMMEDIATE RELEASE

 

STATEMENT: DRD-JCI/CAM COURT CASE

 

Johannesburg, South Africa – 26 March 2004 – Durban Roodepoort Deep, Limited (JSE:DUR; NASDAQ:DROOY; ASX:DRD) Durban Roodepoort Deep, Limited Chief Executive Officer Ian Murray said he was “unfazed” by the postponement granted to JCI and CAM in the Johannesburg High Court today (26.03.04) of proceedings by DRD against JCI and CAM for the recovery of some R40 million, including interest.

 

DRD’s claim relates to an option fee owing to DRD by the defendants in terms of a share warehousing arrangement.

 

“It’s simply extraordinary that, this far into the legal process, the defendants should find it necessary to fire their entire legal team, including one of the most well respected law firms and advocates in the country,” Murray said.

 

“This strikes me as nothing more than a delaying tactic, to make us weary and more inclined to settle out of court.

 

“In the interests of transparency, however, we intend staying the course. There is vital evidence in this case about which our shareholders and the public at large should know.

 

“The court expressed its displeasure at the conduct of the defendants today by awarding us punitive wasted costs in the amount of R175 000.”

 

Queries:

 

South Africa

 

Australasia

 

 

 

Investor and Media
Relations

 

Investor and Media Relations

Ilja Graulich, Durban Roodepoort Deep, Limited

 

Paul Downie, Porter Novelli

+27 11 381 7826 (office)

 

+61 893 861 233 (office)

+27 83 604 0820 (mobile)

 

+61 414 947 129 (mobile)

 

 

 

James Duncan, Russell & Associates

 

 

+27 11 880 3924 (office)

 

 

+27 82 892 8052 (mobile)

 

 

 

 

 

North America

 

United Kingdom/Europe

 

 

 

Investor Relations

 

Investor and Media Relations

 

 

Susan Borinelli, Breakstone & Ruth International

 

Phil Dexter, St James’s Corporate

 

 

 

+1 646-536-7018 (office)

 

+44 20 7499 3916 (office)

+1 917-570-8421 (mobile)

 

+44 779 863 4398

 

 

 

Media Relations

 

 

Jessica Anderson, Breakstone & Ruth International

 

 

 

 

 

+1 646-536-7002 (office)

 

 

+1 347-423-5859 (mobile)

 

 

 

DRD is the world’s 9th largest gold producer, with mines in South Africa as well as Australasia, a key target for growth.  The company has a track record of success in extending the lives of older mines safely and profitably.  For fiscal year 2003, DRD produced 870 000 ounces of gold, up from under 100 000 ounces a year in 1987, when current operations were amalgamated.

 

DRD has primary listings on the Johannesburg (JSE:DRD) and Australian (ASX:DRD) stock exchanges and secondary listings on NASDAQ (DROOY), the London Stock Exchange and the Paris and Brussels Bourses.  Its shares are also traded on the regulated unofficial market of the Frankfurt Stock Exchange and the Berlin OTC Market.

 

For more information, please visit www.drd.co.za or www.durbans.com

 

Some of the information in this media release may contain projections or other forward looking statements regarding future events or other future financial performance. We wish to caution you that these statements are only projections and those actual events or results may differ materially. In reviewing, please refer to the documents that we file from time to time with the SEC, specifically to our annual report on Form 20-F. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward looking statements, including such risks as difficulties in being a marginal producer of gold, changes and reliability of ore reserve estimates, gold price volatility, currency fluctuations, problems in the integration of operations, exploration and mining risks and a variety of risks described in our annual report on Form 20-F. We undertake no obligation to publicly release results of any of these forward looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

 

Cautionary note to US investors: the United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use the term “resources” (which includes “measured”, “indicated”, and “inferred”) in our media releases, which the SEC guidelines strictly prohibit us from including in our filing with the SEC. US investors are urged to consider closely the disclosure in our Form 20-F, File No. 0-28800, available from us at 45 Empire Road, Parktown, Johannesburg, 2193, South Africa. You can also obtain this form from the SEC website at http://www.sec.gov/edgar.shtml

 

Regards,

 

Lindsay Murray

Russell and Associates

+27 11 880 3924 (tel)

+27 11 880 3788 (fax)

+27 83 232 1113 (mobile)

lindsay@rair.co.za (email)

 

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