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Jan 15, 2021 We acquired the Burnstone assets on our acquisition of Wits Gold in July 2014. The assets, which were formerly operated as a mine until placed on care and maintenance in mid-2012, comprise two established shaft complexes, a 125,000 ton per month carbon-in-leach gold
Apr 05, 2019 Wits Gold put in a bid to acquire the mine, but in the end, Sibanye Gold (today Sibanye-Stillwater), on an acquisition spree under CEO Neal Froneman, bought the Burnstone assets in July 2014, after the mine had been in care and maintenance
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
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
Wits Gold Acquires Burnstone Mine E MJ Witwatersrand Consolidated Gold Resources Ltd. (Wits Gold) has acquired Southgold Exploration Ltd., a 100%-owned subsidiary of Great Basin Gold Ltd., and owner of the Burnstone mine project in Mpumalanga Province in the South Rand area of South Africa’s Witwatersrand goldfields.
Mar 20, 2013 Speaking to BDLive, Wits Gold CEO, Philip Kotze, said he thought his company could make a success of Burnstone provided it could be bought for the correct value. The mine, situated in South Africa’s Mpumalanga province, proved too much for Great Basin to develop which went into business rescue proceedings last year.
About Burnstone Mine The Burnstone Property is located in the South Rand area of the Witwatersrand Goldfields, approximately 50 miles (80 kilometers) southeast of the city of Johannesburg and near the town of Balfour. The Burnstone Project has received all of the required permits to complete the development of the mine and commence full-scale underground mining. Block B and Block C,
Burnstone remains a very valuable project with over 6 million ounces of gold in proven and probable reserves 1 and a forecast life of mine in excess of 25 years. The Board thanks the many ...
Feb 21, 2013 Wits Golds’ four assets DBM, Bloemhoek, Robijn and Beisa are in the heart of South Africa’s gold mining territory and are surrounded by numerous operating mines, including Harmony‘s Joel, , Bambanani and Unisel mines, as well as Gold Fields‘ spin-off Sibanye Gold‘s Beatrix mine, which reported a fire today at its Beatrix 4 Shaft.
West Wits Mining (ASX:WWI) is an experienced gold exploration and development company focused on transforming world class mineral resources into gold. The Company plans to transition to a mid-tier gold producer from its flagship project in the Central Rand Goldfield
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.
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.
Mar 20, 2013 Speaking to BDLive, Wits Gold CEO, Philip Kotze, said he thought his company could make a success of Burnstone provided it could be bought for the correct value. The mine, situated in South Africa’s Mpumalanga province, proved too much for Great Basin to develop which went into business rescue proceedings last year.
Wits Gold Acquires Burnstone Mine E MJ Witwatersrand Consolidated Gold Resources Ltd. (Wits Gold) has acquired Southgold Exploration Ltd., a 100%-owned subsidiary of Great Basin Gold Ltd., and owner of the Burnstone mine project in Mpumalanga Province in the South Rand area of South Africa’s Witwatersrand goldfields.
Presentation Acquisition Of Wits Gold. Burnstone Mine Burnstone on the South Rand Goldfield, entered into business rescue Burnstone was placed on care and maintenance under the control of a small management team employed under short-term contracts On 4 July 2013 Wits Gold submitted a binding offer for the acquisition of. Read More
About Burnstone Mine The Burnstone Property is located in the South Rand area of the Witwatersrand Goldfields, approximately 50 miles (80 kilometers) southeast of the city of Johannesburg and near the town of Balfour. The Burnstone Project has received all of the required permits to complete the development of the mine and commence full-scale underground mining. Block B and Block C,
Burnstone remains a very valuable project with over 6 million ounces of gold in proven and probable reserves 1 and a forecast life of mine in excess of 25 years. The Board thanks the many ...
Wits Gold, which would need to inject R950-million over three years as working capital to bring the Burnstone mine back into production, including an initial payment of R7.25-million, was expected ...
Name: Burnstone mine. Location: The Burnstone mine is situated 80 km south-east of Johannesburg, near the town of Balfour, in Mpumalanga province. Brief history: Exploration drilling in the ...
burnstone gold mine - castana.cz. burnstone gold mine. Wits Gold to bid for Burnstone Miningreview. Mar 22, 2013 The vertical shaft at Burnstone mine Johannesburg, South Africa --- 22 March 2013Witwatersrand 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
On 14 April 2014, the acquisition of Witwatersrand Consolidated Gold Resources Limited (Wits Gold) for a cash consideration of approximately R407 million was concluded. Wits Gold also held a binding offer to acquire Southgold Exploration Proprietary Limited (Southgold) – being the sole owner of the Burnstone gold mine.
Offer to acquire the Burnstone Mine accepted; ... Wits Gold's board of directors is of the opinion that once the Company has raised the requisite funding, it will have sufficient funds to settle ...
Jul 05, 2013 Johannesburg - Witwatersrand Consolidated Gold Resources, which explores for the metal in South Africa, said it has made an offer for Great Basin Gold Ltd.’s Burnstone mine, giving the
Wits Gold also holds uranium resources at Beisa North and South, adjacent to Beatrix West, which have potential to be developed into a uranium producer. Also, on July 4, 2013, Wits Gold submitted a binding offer for the acquisition of Southgold Exploration, which owns the Burnstone mine
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.
Presentation Acquisition Of Wits Gold. Burnstone Mine Burnstone on the South Rand Goldfield, entered into business rescue Burnstone was placed on care and maintenance under the control of a small management team employed under short-term contracts On 4 July 2013 Wits Gold submitted a binding offer for the acquisition of. Read More
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 ...
About Burnstone Mine The Burnstone Property is located in the South Rand area of the Witwatersrand Goldfields, approximately 50 miles (80 kilometers) southeast of the city of Johannesburg and near the town of Balfour. The Burnstone Project has received all of the required permits to complete the development of the mine and commence full-scale underground mining. Block B and Block C,
Jul 05, 2013 Johannesburg - Witwatersrand Consolidated Gold Resources, which explores for the metal in South Africa, said it has made an offer for Great Basin Gold Ltd.’s Burnstone mine, giving the
Wits Gold, which would need to inject R950-million over three years as working capital to bring the Burnstone mine back into production, including an initial payment of R7.25-million, was expected ...
Offer to acquire the Burnstone Mine accepted; ... Wits Gold's board of directors is of the opinion that once the Company has raised the requisite funding, it will have sufficient funds to settle ...
Name: Burnstone mine. Location: The Burnstone mine is situated 80 km south-east of Johannesburg, near the town of Balfour, in Mpumalanga province. Brief history: Exploration drilling in 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. The mine, with a 6.4 million ...
The Burnstone Mine has progressed from a development project to the gold production stage, and is now in a build-up phase with steady state production expected by 2013. The above mineral resources, which include the mine‟s mineral reserves, have been depleted by production to June 30, 2011 and are stated as of that date.
Apr 26, 2013 Burnstone Mine is the first greenfield operation to come online in the Witwatersrand Basin in 30 years, Carlin Trend in Nevada, USA and the Burnstone gold mine located in the Witwatersrand Basin goldfield of South Africa. . Hang in there! »More detailed
Burnstone Property for the benefit of the Lenders and, to that end, the Receiver is working alongside the BRP to facilitate the sale transaction of the Burnstone Property to Witwatersrand Consolidated Gold Resources (“Wits Gold”). 23. Wits Gold has made an offer to purchase the shares of Southgold and certain shareholder
owner of the Burnstone gold mine and assets (“Burnstone”) located in South Africa’s Mpumalanga Province. The Offer was included in the business rescue plan that was approved by creditors on 11 July 2013. Summary of the key terms of the Offer: Wits Gold will acquire all of the issued share capital of Southgold together with all
Burnstone 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. In 2015 Sibanye Gold completed a feasibility study which envisaged production of 100 120koz/a over a 23 year mine life.
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