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
Ilja Graulich, Durban Roodepoort Deep, Limited
+27 11 381 7826 (office)
+27 83 604 0820 (mobile)
James Duncan, Russell & Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)