JOHANNESBURG, South Africa, July 23, 2003 (PRIMEZONE) -- The Board of Durban Roodepoort Deep, Limited (DRD) (Nasdaq:DROOY) (LSE:DURJq) has today rejected the offer from Matodzi Resources of R1,00 for its North West Operations.
DRD has entered into a 60-day review period with Unions and Associations and sought CCMA facilitation in good faith and, until the outcome of this process has been determined, it will not entertain any offers for its North West Operations.
The Board, further, fully supports the actions of management, and its team at North West, in addressing the commercial issues affecting the operations and seeking a resolution to them.