Central Rand Gold has signed an agreement with the Trans Caledon Tunnel Authority over the donation of the pumps, previously purchased from international technology group, Andritz Ritz for the planned construction of the new High Density Sludge Treatment Plant for the Central Basin.

Construction of the plant is scheduled to start on 8 January.

The pumps, together with the treatment plant, will provide the means to contain the rising water table below the Environmental Critical Level of 186 metres below surface, as measured at the South West Vertical Shaft.

In addition, the pumps and the treatment plant will further enable Central Rand Gold to gradually dewater the Central Basin, at an incremental operating cost, to the maximum operating depth of the Pumps of 400 mbs.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Issue Date: 27 Nov 2012