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Wits Gold delivered on a plate to Sibanye
Wits Gold had successfully bid for Burnstone from Great Basin's liquidators offering R100 and offering to take over $177.3m in bank debt owed by Southgold, Great Basin's …
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Mining Weekly
Following the R407-million takeover of Witwatersrand Consolidated Gold Resources (Wits Gold) in April, Sibanye planned to leverage its extensive historical knowledge to build a "fit-for-purpose ...
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BURNSTONE PROJECT
Mining approximately 30% of the total resource 15 Tonnes Grade g/t Content kg Content Moz Remarks Total Burnstone resource 54,100,000 5.10 275,910 8.890 Burnstone study resource 33,298,925 5.46 181,812 5.662 3km radius from shaft Stopes scheduled in situ 10,774,276 6.10 65,711 2.110 High-grade areas targeted Stopes final 12,477,437 5.27 65,711 ...
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Wits Gold secures approval for acquisition of Burnstone mine in
Wits Gold will also facilitate a $100m shareholder loan at 4% interest rate that can be paid back on a preferential basis from Southgold's operating cash flow. The cash proceeds are expected to repay Southgold Exploration's debt that was …
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Cock-a-hoop Wits Gold acquiring broke Burnstone for next to …
South African gold explorer turning producer – Wits Gold – is acquiring the out-of-pocket Burnstone gold mine on excellent terms. Wits Gold CEO Philip Kotze told the media on Monday that the ...
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Burnstone gold project, South Africa – update
The 40-level workshops have shown substantial progress following delays experienced with support work. Project capital spent at Burnstone in 2023 was R1.5-billion in line with guidance, with R698 ...
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Wits Gold tables Burnstone offer
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.
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SA gold sites
In 1931, using a magnetometer, Dr Rudolf Krahman discovered the vast gold deposits of the West Wits Line near Carletonville. JSE: SSW R15.90 -6.96%; NYSE: SBSW ... Burnstone is a developmental stage gold mine and …
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Burnstone gold mine project Report | Wood Mackenzie
An option on the mine was acquired by Wits Gold which in turn was acquired by Sibanye-Stillwater. A feasibility study on the gold project was completed in 2015, and project development started in 2016. ... Burnstone gold mine project. XLS 124.50 KB. Burnstone gold mine project. PDF 860.73 KB. Other reports you may be interested in. Asset Report ...
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Mining Weekly
Wits Gold said in September 2013 that it was confident of its ability to restart gold production at Southgold's suspended Burnstone mine, in Mpumalanga, in the next 18 months.
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Sibanye in R400m knockout bid for Wits Gold
All Gold PGMs Markets Energy Ferrous Metals Diamonds Base Metals Battery Minerals. Pan African transformed this Jo'burg eyesore into a new mine. Canada extends review of Paladin deal to end-December. Green shoots for South Africa's coal export line? Bushveld's days numbered as starts business rescue talks.
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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 …
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Wits Gold tables Burnstone offer
Wits Gold will pay a nominal R100 for Great Basin Gold's Southgold unit, which owns the mine in Balfour in Mpumalanga and started business rescue proceedings last year, the …
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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 …
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Gold Operations | South Africa
We also have a 50.1% stake in DRDGOLD Limited which operates surface tailings retreatment facilities on the West Rand, through the Far West Gold Recoveries operation, and on the East Rand, through its wholly-owned Ergo Mining subsidiary. Our most advanced gold project is Burnstone, in Mpumalanga province, where construction is underway.
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Firm intention by Sibanye Gold to make a cash offer to acquire …
As announced by Wits Gold on 5 July 2013, Wits Gold has an obligation to provide up to ZAR950 million over time as working capital to bring the Burnstone mine into production …
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sbmchina/sbm burnstone gold mine co za.md at main
Contribute to sbmcrushers/sbmchina development by creating an account on GitHub.
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Wits Gold secures approval for acquisition of Burnstone mine in
The required number of GBG's unit Southgold creditors have voted in favor of the proposed arrangement for the GBG suspended Burnstone gold operation, the company said in …
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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.
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Mining Weekly
Wits Gold gets approval to buy Burnstone. 11th July 2013 By: Natasha Odendaal - Creamer Media Senior Deputy Editor
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Burnstone Gold Mine
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 …
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Sibanye Gold Bids for Wits' Beatrix Area
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 oz. reserve, is 90% complete following $800 million in investments, according to the statement.
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Wits Gold makes offer for Burnstone mine
South Africa's Wits Gold has made an offer for Great Basin Gold's Burnstone mine to give the company its first bullion-producing asset.
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Wits Gold to bid for Burnstone, Navachab
All Gold PGMs Markets Energy Ferrous Metals Diamonds Base Metals Battery Minerals. Teck or nothing for Glencore's coal business. Glencore unveils $2.2bn 'top-up' amid 62% slide in interim profit. ... Publications. The Mining Yearbook 2023; Rainmakers & …
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ANC won't be getting R100m from Wits Gold Sibanye
It was more Wits Gold…when you did the Burnstone Deal from Great Basin God. You were quoted as saying that you needed to get Burnstone right. Great Basic couldn't do it. We would love an update on that, but while you're busy, sorting that problem out along comes the Neil Froneman who says 'come and be part of Sibanye'.
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Failure at Burnstone will ruin Wits Gold: Kotze
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 …
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Wits Gold gets approval to buy Burnstone
Wits Gold would pay $7.25-million in cash towards GBG's South African subsidiary Southgold Exploration's debt, which was restructured and cut by 55% to $177.35-million.
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Wits Gold confident of attracting cornerstone investor
JSE-listed gold explorer turning producer Wits Gold is confident of being able to begin gold production at the Burnstone mine in the next 18 months. The company is also confident of attracting a ...
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Sibanye Proposes Acquisition of Wits Gold | E & MJ
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 …
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Firm intention by Sibanye Gold to make a cash offer to acquire …
Sibanye Gold further believes that Wits Gold's offer for the Burnstone gold mining operation ("Burnstone") in South Africa's Mpumalanga Province, which offer was included in the Southgold ...
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