6 April 2004 - Durban Roodepoort Deep, Limited (JSE: DUR; NASDAQ: DROOY; ASX: DRD) has increased its stake in leading internet-based gold marketing company GoldMoney.com to 14% with a further investment of US$1.8 million.GoldMoney has enjoyed record growth since DRD announced its initial investment of US$200 000 (1.4%) in January this year, said founder James Turk, the well known and internationally respected authority on gold. "Our customer base rose by more than 20% in the first quarter of 2004 to 12 000 worldwide, and we increased our holding of physical gold by 51%, from 66 LBMA good delivery bars to 100. "It is pleasing that, since South African-based DRD came on board as a GoldMoney shareholder, all of the LBMA bars added to our system have been sourced from South Africa's Rand Refinery. "There is now more than US$17 million of gold circulating as digital currency within GoldMoney," said Turk. DRD CEO Ian Murray said: "GoldMoney's success in recent months shows that, at the outset, we were right in identifying it as a suitable vehicle for fulfilling our belief in gold as money and as a means of encouraging private ownership in gold. "Increasing our stake was the next, logical step, and we look forward to continued growth and diversification in GoldMoney's activities in the months ahead." For more information go to GoldMoney.com Queries: South Africa James Duncan, Russell & Associates Durban Roodepoort Deep, Limited (DRD) is the world's 10th 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 * * * * * * * * * * * * * * * * * * * GoldMoney is digital gold currency - gold in digital form that can be accumulated, spent and transferred electronically. By converting the world's oldest money into a new and much-needed digital currency, GoldMoney allows merchants and consumers to avoid the risk and expense of credit cards as well as the hassle of using conventional fiat currencies online. GoldMoney has been awarded four US patents for its asset-based online transaction system. GoldMoney services can be accessed at GoldMoney.com. | ||
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