Aug 21, 2020· Prior to 2012, Burnstone produced approximately 38,000 oz of gold. Burnstone holds a mining right for the period from 17 February 2009 to 16 February 2027, covering a total area of 13,135 ha. Burnstone’s feasibility study was approved by Sibanye in 2015 and site work was started in 2017.
Jul 08, 2013· [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
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 announced as preferred bidder for Burnstone 3SMedia Jul 5, 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.
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 Exploration, but falls under the custodianship of liquidators in terms of business rescue proceedings.
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.
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.
JSE-listed Witwatersrand Consolidated Gold Resources (Wits Gold) on Thursday said it had received approval to buy the struggling Burnstone mine, in Mpumalanga. The company said in a statement that
Mar 04, 2013· A junior mining company with exploration assets aspires to one thing: to become a producer as quickly as possible. South African gold company Wits Gold intends to do just that with its DBM project and is working to achieve production and growth quickly, writes Laura Cornish.. Like most juniors, regardless of commodity focus, taking an asset from exploration through to production is
Aug 24, 2020· Sibanye-Stillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal (PGM) and gold operations and projects. We are the world’s largest primary producer of platinum, the second largest primary producer of palladium and the third largest producer of gold (on a gold-equivalent basis), as
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.
Wits Gold CEO Philip Kotze praised “a business plan for which we believe is realistic, deliverable, value accretive to Wits Gold shareholders to ensure maximum benefit.” Wits Gold officials said 80% of the Burnstone mine’s capital has been spent to date, creating a strong platform for a re-rating of Wits Gold’s securities as the company
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.
The cash inflows from the burnstone mine will be applied to reduce this debt sibanye repaid r656 million debt assumed through the acquisitions of wits gold and cooke, and. Live Chat; Burnstone gold mine valuation. Burnstone gold project number 1 vertical shaft,the continued exploration has resulted in a 15 increase in proven and probable
JSE-listed Witwatersrand Consolidated Gold Resources (Wits Gold) on Thursday said it had received approval to buy the struggling Burnstone mine, in Mpumalanga. The company said in a statement that
The Company has two material projects, one of which is at the test-mining stage, namely the Hollister gold project, which is located on the Carlin Trend goldfield in Nevada, USA (the Hollister Property) and the other one the Burnstone gold mine, which is located in the Witwatersrand Basin goldfields in South Africa (the Burnstone Property).
Wits Gold CEO Philip Kotze tells Mining Weekly Online’s Martin Creamer that the company is delighted to be able to reserve the out-of-capital Burnstone gold mine without having to make any
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 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.
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
Jun 14 2019 · 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
wits gold for burnstone mine latest news. 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
The full story: In-depth news and analysis. Record cash flows as gold-silver-copper miner Evolution Mining sees FY 20 gold-silver down, copper up and higher costs. ANTOFAGASTA Q2 20 COPPER-GOLD SLIDE, AS COVID-19 COSTS HIT $38M. Antofagasta Q2 20 copper production down 8.4%, gold down 29.3%, costs up 2.7%
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.
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.
The Company has two material projects, one of which is at the test-mining stage, namely the Hollister gold project, which is located on the Carlin Trend goldfield in Nevada, USA (the Hollister Property) and the other one the Burnstone gold mine, which is located in the Witwatersrand Basin goldfields in South Africa (the Burnstone Property).
wits gold for burnstone mine latest news. 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
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.
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.
Burnstone gold mine project. Jun 14, 2019· Burnstone gold mine project Report summary 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
Jun 14 2019 · 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
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
The full story: In-depth news and analysis. Record cash flows as gold-silver-copper miner Evolution Mining sees FY 20 gold-silver down, copper up and higher costs. ANTOFAGASTA Q2 20 COPPER-GOLD SLIDE, AS COVID-19 COSTS HIT $38M. Antofagasta Q2 20 copper production down 8.4%, gold down 29.3%, costs up 2.7%
Burnstone gold mine project Wood Mackenzie. Burnstone gold mine project Wood Mackenzie,Jun 14 2019 · 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
Claire van Zuylen, Partner at pan-African corporate law firm, Bowman Gilfillan, which acted for Standard Chartered Bank in London and Credit Suisse (AG), commented, “The restructuring will result in some 2 000 employees, who were initially retrenched in 2012 when the Burnstone mine went into care and maintenance, being re-employed at the mine when operations re-commence.
Great Basin Gold Ltd (GBG) Resource ClipsGreat Basin Gold Ltd,and ramp up of the Burnstone Mine,and results from trial mining, continue to confirm the value of the Hollister and .Burnstone Mining NewsWitwatersrand Consolidated Gold Resources,was today announcement the sole preferred bidder for the Burnstone gold mining,focusing on the entire mining value .sibanye gold mine
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.
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.
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