DRDGOLD: Riaan Davel

Riaan Davel has been the Chief Financial Officer of DRDGOLD since January 2015. He is also a member of the Social and Ethics Committee.

Riaan Davel was appointed CFO or DRDGOLD in January 2015. Prior to this, he was an Audit Partner at KPMG for seven years, where he conducted audits for listed mining companies including SEC registrants. Riaan has over 17 years of experience in the mining industry, mostly in the African mining sector. His experience includes assurance and advisory services, along with support and training on International Financial Reporting Standards (IFRS), to clients and teams across Africa. He also has experience as an IFRS Technical Partner, having represented SAICA in the International Accounting Standards Board’s project on Extractive Activities from 2003 to 2010. He has also served on committees compiling or updating the South African codes for reporting and valuation of mineral reserves and resources. He has a Master’s degree in Accounting from the University of Johannesburg.

Work
2015 – Present    Chief Financial Officer, DRDGOLD Ltd
2007 – 2014         Audit Partner, KPMG South Africa

Education
2004 – 2005         Master’s Degree, International Accounting, UJ
1994 – 1997         B.Com Hon, Accounting, UJ

About DRDGOLD Ltd: DRDGOLD Limited is a South African gold producer and a world leader in the recovery of the metal from the retreatment of surface tailings. DRDGOLD has a network of assets that is unrivalled in South Africa and, with its consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production.

At the end of FY2016, DRDGOLD provided jobs for 2 484 people, including 924 employees. The remaining 1 560 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. In FY2016, the company produced 143 457oz of gold, generated R2 433.1 million in revenue and spent R99.8 million on capital projects (property, plant, equipment). Mineral resources of 50.67Moz and mineral reserves of 1.84Moz were declared.