wits gold for burnstone mine latest news
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wits gold for burnstone mine latest news

Failure at Burnstone will ruin Wits Gold: Kotze - Miningmx

Jul 05, 2013  Earlier today, Wits Gold said that following an intensive due diligence and the submission of its business plan, it had been selected as the sole preferred bidder for Burnstone mine which is owned by Great Basin Gold subsidiary Southgold

Wits Gold wins Burnstone gold-mine auction - Mining Journal

Latest from the Mine Risk Management Channel ... Wits Gold wins Burnstone gold-mine auction . ... clinched a deal to acquire the Burnstone gold mine in South Africa's Mpumalanga province for a ...

Wits Gold named sole preferred bidder for Burnstone mine ...

[img:BurnS_0.jpg ]Johannesburg, South Africa --- 08 July 2013 - Witwatersrand Consolidated Gold Resources Limited (Wits Gold) has announced that it is the sole preferred bidder for the Burnstone gold mining operation near Balfour, in the Mpumalanga province of South AfricaBurnstone is wholly owned by Southgold Exploration (Pty) Limited, a subsidiary of Great Basin Gold Limited (GBG), and is ...

R2.3bn to be spent on Burnstone gold project – Sibanye ...

Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years, Sibanye-Stillwater CEO Neal ...

wits gold for burnstone mine latest news

Wits Gold to bid for Burnstone Miningreview. 2020-11-24 The vertical shaft at Burnstone mine Johannesburg, South Africa — 22 March 2013 Witwatersrand Consolidated Gold Resources Limited (Wits Gold) “’ which has a primary listing on the JSE and a secondary listing on the TSX “’ is preparing a bid for the Burnstone gold mine in South Africa, which is in a business-rescue programme.

WEST WITS MINING – WEST WITS MINING

Media Latest Presentation. Proactive Investors: West Wits Mining up 58% after path cleared for South African gold production with EA reinstated 29/03/2021; Proactive Investors: West Wits Mining boosts balance sheet by conversion of notes 02/03/2021; Proactive Investors: West Wits Mining identifies eight target areas for further exploration at Paterson Province project in WA 17/12/2020

Wits Gold to bid for Burnstone Miningreview

Mar 22, 2013  The vertical shaft at Burnstone mine Johannesburg, South Africa — 22 March 2013 – Witwatersrand Consolidated Gold Resources Limited (Wits Gold) “’ which has a primary listing on the JSE and a secondary listing on the TSX “’ is preparing a bid for the Burnstone gold mine in South Africa, which is in a business-rescue programme. The company is also keen to bid for AngloGold

Wits Gold wins Burnstone gold-mine auction - Mining Journal

Latest from the Mine Risk Management Channel ... Wits Gold wins Burnstone gold-mine auction . ... clinched a deal to acquire the Burnstone gold mine in South Africa's Mpumalanga province for a ...

R2.3bn to be spent on Burnstone gold project – Sibanye ...

Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years, Sibanye-Stillwater CEO Neal Froneman told the BMO conference this week. JSE- and ADR-listed Sibanye-Stillwater acquired the Burnstone project from Wits Gold for R1 in 2015.

Detailed Further Cautionary Announcement Regarding the ...

4. Rationale for the Proposed Transaction. In line with Wits Gold's strategy of owning and developing shallow mines in South Africa the acquisition of the Burnstone property represents both a ...

South Africa’s Sibanye offers to buy Wits Gold for US$39 ...

Dec 13, 2013  It has agreed to exchange two mining-rights portions at Beatrix with Harmony Gold, for two of its permits at its Joel mine. It has also agreed to buy a majority stake in Gold One International’s Cooke complex. Recently, Wits Gold bid for Great Basin Gold’s Burnstone mine, which has been estimated to contain 6.4mn ounces of reserves.

Sibanye Sets its Sights on Burnstone E MJ

Although the price for Wits Gold was relatively modest, it will require a formidable investment to return Burnstone to production. “Burnstone was acquired at virtually no cost but Sibanye needs to spend around R1.3 billion ($123 million) over the next 3-4 years to bring the mine to life again,” said Kobus Nell, resource analyst at Stanlib.

Wits Gold preferred bidder for Burstone Mining News

Jul 05, 2013  Witwatersrand Consolidated Gold Resources (Wits Gold) was today announcement the sole preferred bidder for the Burnstone gold mining operation near Balfour, in South Africa’s Mpumalanga Province. The announcement comes as no surprise. Wits Gold CEO Philip Kotze has made so secret of his intentions to acquire a mine which will enable the company to move from an

Sibanye makes R407m offer for Wits Gold - IOL News that ...

Dec 11, 2013  Wits Gold itself made an offer for a gold-mining operation in July, bidding for Great Basin Gold Ltd.’s Burnstone mine to obtain its first bullion-producing asset.

Wits Gold delivered on a plate to Sibanye - Miningmx

Jan 07, 2014  Wits Gold had committed to provide a R950m loan for working capital and capital expenditure at Burnstone. Wits Gold’s other projects, such as De Bron-Merriespruit (DBM), were also looking difficult to fund. DBM had a peak funding requirement of about R2.37bn. As of December 31, 2012, Wits Gold had cash and cash equivalents of R15m.

Sibanye offers R407-million for Wits Gold projects - The ...

Dec 11, 2013  Wits Gold itself made an offer for a gold-mining operation in July, bidding for Great Basin Gold Ltd.’s Burnstone mine to obtain its first bullion-producing asset.

News releases Sibanye-Stillwater

Apr 26, 2021  A comprehensive listing of all announcements made by Sibanye-Stillwater since its founding in 2012.

Wits Gold tables Burnstone offer - IOL News that ...

Jul 08, 2013  Wits Gold, which explores for the metal in South Africa, made an offer for Great Basin Gold’s Burnstone mine to give the company its first bullion-producing asset.

SA competition body approves Wits Gold’s Burnstone deal

The Competition Commission on Wednesday gave JSE-listed Witwatersrand Consolidated Gold Resources (Wits Gold) the go-ahead to buy Great Basin Gold’s (GBG’s) suspended Burnstone gold

Burnstone mine. The Burnstone mine is one of the largest ...

Wits Gold secures approval for acquisition of Burnstone mine in Mpumalanga. News. By NS Energy Staff Writer 12 Jul 2013. South African miner Witwatersrand . Archives Abacus Mining and Exploration Corp. 10.3.1 Kimberley Reef Characteristics at Burnstone. Table 20.3 Great Basin Gold Burnstone Mine and Mill Production Schedules 75.

Sibanye to push Burnstone restart ... - Global Mining News

Johannesburg- and New York-listed Sibanye Gold was reviewing options to bring the idled Burnstone mine back to life from a “zero base”, in a R7-million deal senior VP for business development ...

R2.3bn to be spent on Burnstone gold project – Sibanye ...

Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years, Sibanye-Stillwater CEO Neal Froneman told the BMO conference this week. JSE- and ADR-listed Sibanye-Stillwater acquired the Burnstone project from Wits Gold

Wits Gold wins Burnstone gold-mine auction - Mining Journal

Latest from the Mine Risk Management Channel ... Wits Gold wins Burnstone gold-mine auction . ... clinched a deal to acquire the Burnstone gold mine in South Africa's Mpumalanga province for a ...

Detailed Further Cautionary Announcement Regarding the ...

4. Rationale for the Proposed Transaction. In line with Wits Gold's strategy of owning and developing shallow mines in South Africa the acquisition of the Burnstone property represents both a ...

Burnstone - Page 1 MiningJournal

The latest Burnstone articles from MiningJournal - Page 1. ... Gold and Silver News 04 MAY 2021. ... Wits Gold wins Burnstone gold-mine auction.

R2.3bn to be spent on Burnstone gold project – Sibanye ...

Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years, Sibanye-Stillwater CEO Neal ...

Sibanye makes R407m offer for Wits Gold - IOL News that ...

Dec 11, 2013  Wits Gold itself made an offer for a gold-mining operation in July, bidding for Great Basin Gold Ltd.’s Burnstone mine to obtain its first bullion-producing asset.

Burnstone gold mine project Report Wood Mackenzie

Burnstone project was previously operated by Great Basin Gold up to 2012 when the mine was placed on care and maintenance and GBG went into liquidation. An option on the mine was acquired by Wits Gold who in turn was acquired by Sibanye Gold. Feasibility study on the gold project was completed in 2015, as project development started in 2016.

SA competition body approves Wits Gold’s Burnstone deal

The Competition Commission on Wednesday gave JSE-listed Witwatersrand Consolidated Gold Resources (Wits Gold) the go-ahead to buy Great Basin Gold’s (GBG’s) suspended Burnstone gold

Sibanye offers R407-million for Wits Gold projects - The ...

Dec 11, 2013  Wits Gold itself made an offer for a gold-mining operation in July, bidding for Great Basin Gold Ltd.’s Burnstone mine to obtain its first bullion-producing asset.

Great Basin likes Burnstone's future - The Northern Miner

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Witwatersrand Consolidated Gold Resources Limited (Wits ...

Witwatersrand Consolidated Gold Resources has launched full feasibility studies into the development of the 100%-owned De Bron-Merriespruit gold project 6km south of Virginia in the southern Free State goldfield, South Africa. The new study by Turgis Mining Consultants follows the DBM project’s positive prefeasibility study outlined a shallow deposit starting at 480m depth with the potential ...

Sibanye to push Burnstone restart ... - Global Mining News

Johannesburg- and New York-listed Sibanye Gold was reviewing options to bring the idled Burnstone mine back to life from a “zero base”, in a R7-million deal senior VP for business development ...

Great Basin Gold Ltd. (fka GBGLF): "...(d) Burnstone Debt

On settlement of the Wits Gold Loan and interest, 30% of Burnstone’s free cash flow will be used to repay the Burnstone Debt and the balance will be distributed to Wits Gold. The Bank Lenders will continue to participate in 10% of Burnstone’s free cash flow after the Burnstone Debt has been repaid in full to a maximum amount of US$63.0 ...

Great Basin Gold Ltd. (fka GBGLF): Burnstone burns creditors

Wits Gold, the junior company spearheaded by Harmony Gold old boy, Philip Kotze, first appeared in these pages with news of the potential acquisition of a Harmon’s aging Evander operation (without prejudice March 2012, Vol2 No 2). That transaction had the potential to transform radically the mining junior from an explorer into a producer.

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