-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CW2XiOyavUtvooSocOA/OSvmNKsDbsK+BGBzxNXv5fzr/B00mfyqVpJmFU9IEEWq 4JXvx+XHauw4cYcNA1wkqA== 0001047469-03-038554.txt : 20031125 0001047469-03-038554.hdr.sgml : 20031125 20031125143751 ACCESSION NUMBER: 0001047469-03-038554 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20031125 FILED AS OF DATE: 20031125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DURBAN ROODEPOORT DEEP LTD CENTRAL INDEX KEY: 0001023512 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28800 FILM NUMBER: 031022852 BUSINESS ADDRESS: STREET 1: 5 PRESS AVE STREET 2: SELBY CITY: JOHANNESBURG, SOUTH STATE: T3 ZIP: 00000 6-K 1 a2123763z6-k.htm FORM 6-K
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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of November 2003

Commission File Number: 0-28800

Durban Roodepoort Deep, Limited
(Translation of registrant's name into English)

45 Empire Road, Parktown, Johannesburg South Africa, 2193
(Address of principal executive offices)

        Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F    ý                        Form 40-F    o

        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):            

        Note:    Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

        Note:    Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

        Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes    o                        No    ý

        If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            




        Attached to the Registrant's Form 6-K Filing for the month of November 2003, and incorporated by reference herein, are:

Exhibit No.
  Description
1.   Release, dated November 24, 2003, entitled "30% of production now comes from Australasia — DRD Concludes Acquisition of 20% of Porgera JV."

2

 

Release, dated November 24, 2003, entitled "Completion of the Acquisition by DRD of a 20% Interest in the Porgera Gold Mine."

        This Form 6-k and the exhibits contained herein are explicitly incorporated by reference into the Registrant's registration statement on Form F-3 filed with the Securities and Exchange Commission on September 30, 2003.

2



SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.


 

 

DURBAN ROODEPOORT DEEP, LIMITED

 

 

By:

 

/s/  
ANDREA TOWNSEND      
Andrea Townsend
Company Secretary

Dated: November 25, 2003

3




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SIGNATURES
EX-1 3 a2123763zex-1.htm EXHIBIT 1
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Exhibit 1

         GRAPHIC


NEWS RELEASE


24 November 2003

279/03-jmd

For immediate release

"30% of production now comes from Australasia"

DRD CONCLUDES ACQUISITION OF 20% OF PORGERA JV

        Durban Roodepoort Deep, Limited (JSE: DUR; NASDAQ: DROOY; ASX: DRD) announced today (24 November 2003) that it has concluded its acquisition of an effective 20% interest in the Porgera Joint Venture in Papua New Guinea from Oil Search Limited for US$73.30 million.

        Commenting on the conclusion of the transaction, DRD Chairman and CEO Mark Wellesley-Wood said: "This is further evidence of our doing what we say; we said we would grow production from Australasia—specifically from the highly prospective Rim of Fire—and this is another step forward in fulfilling that strategy.

        "The acquisition of the Porgera stake takes our total annual gold production from the Australasian region to 260 000 ounces, about 29% of our total annual global production.

        "Annual cash flow from the region rises to some US$28 million, or R200 million, at the current gold price, providing diversification away from the volatility of the South African Rand."

        DRD elected to increase its cash component of the purchase consideration by US$4.55 million, thus reducing the scrip component to US$16.08 million, to be settled through the issue of 6 643 902 new DRD ordinary shares.

        Funds already raised through the issue by DRD of 27 million shares to the Investec Group in September form part of the consideration for the Porgera Joint Venture acquisition. The issue of the shares will be considered a vendor placement for purposes of the JSE Listing Requirements.

        The Porgera Gold Mine is operated by Placer Dome Inc and Mineral Resources Enga Limited (MRE) through a joint venture relationship.

        In terms of its acquisition agreement, DRD has offered a 5% direct interest in the Porgera Joint Venture to MRE on commercial terms, and discussions with MRE are currently in progress.


South Africa

Ilja Graulich, Durban Roodepoort Deep, Limited
+27 11 381 7826 (office)
+27 83 604 0820 (mobile)

Janice Dempsey, Russell & Associates
+27 11 880 3924 (office)
+27 82 376 2327 (mobile)


Australasia

Paul Downie, Porter Novelli
+61 893 861 233 (office)
+61 414 947 129 (mobile)


        Durban Roodepoort Deep, Limited (DRD) ranks among the world's 10 largest gold producers, with production in the 2003 financial year totaling 870 000 ounces. The company has a track record of success in extending the lives of older mines. In South Africa it owns the Blyvooruitzicht mine and North West Operations (comprising Hartebeestfontein and Buffelsfontein mines), and has a 40% stake in Crown Gold Recoveries (comprising East Rand Prorietary Mines Limited and the Crown dump retreatment operation). In Australasia, a key target area for growth, the company owns the Tolukuma mine in Papua New Guinea (PNG), has a 19.81% interest in Fijian operator Emperor Mines, and a 20% interest in the PNG-based Porgera Joint Venture. DRD has primary listings on the Johannesburg (JSE:DUR) 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.


        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

2




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EX-2 4 a2123763zex-2.htm EXHIBIT 2
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Exhibit 2

Durban Roodepoort Deep, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
(Share code: DUR)
(ISIN: ZAE 000015079)
(ARBN number 086 277 616)
(NASDAQ Trading Symbol: DROOY)
("DRD")

COMPLETION OF THE ACQUISITION BY DRD OF A 20% INTEREST IN THE PORGERA GOLD MINE

INTRODUCTION

        Further to the announcement dated 14 October 2003 regarding the purchase by DRD of an effective 20% interest in the Porgera Gold Mine in Papua New Guinea from Oil Search Limited ("Oil Search") ("the acquisition"), DRD is pleased to announce that all conditions precedent to the acquisition have now been fulfilled.

PURCHASE CONSIDERATION

        The final purchase consideration is US$73.30 million. DRD elected to increase the cash component of the purchase consideration by US$4.55 million, reducing the scrip component of the purchase consideration to US$16.08 million which will be settled through the issue of 6 643 902 new DRD ordinary shares.

OFFER TO MINERAL RESOURCES ENGA LIMITED

        The Porgera Gold Mine is mined in collaboration with Placer Dome Inc and Mineral Resources Enga Limited ("MRE") through a joint venture relationship ("the Porgera Joint Venture"). In terms of the acquisition agreement, DRD has offered a 5% direct interest in the Porgera Joint Venture to MRE on commercial terms and discussions with MRE in this regard are currently in progress.

ISSUE OF DRD SHARES TO THE INVESTEC GROUP

        As set out in announcements dated 8 September 2003 and 11 September 2003, 18 million and 9 million DRD shares, respectively, were issued to the Investec Group ("Investec") raising a total of US$64.9 million. The issue of these shares to Investec will be treated as a vendor consideration placing for the purposes of the Listings Requirements of the JSE as the funds so raised were utilised for the acquisition.

Johannesburg
24 November 2003

Financial adviser
Questco (Proprietary) Limited
(Registration number 2002/005616/07)

Sponsor
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)

Legal adviser
Bowman Gilfillan Inc
(Registration number 1998/021409/21)




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