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Notification in terms of Section 45(5) of the Companies Act 71 of 2008. In terms of the provisions of Section 45(5) of the Companies Act 71 of 2008 (the “Companies Act”), and pursuant to the special resolution passed at the annual general meeting of the Group held on 28 May 2019.
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Treating a gold-mine as a discrete-time linear system it is possible to estimate the production over a given period of time. A gold-mine in a province with a production development , is equivalent to a (rounded down)-th order system. The discrete state matrix for a period of a year is: Where is the depletion chance after the ith depletion
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Gold mining companies are active on all continents on earth. This wide geographical distribution in production means that interruptions in any single region due to local political or social matters are unlikely to have a large impact on the global gold supply.
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