Sep 30, 2013· 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 ...
Apr 15, 2007· Great Basin Gold (JSE:GBG, TSX:GBG) could see a larger gold mine of 4.5 million oz at its Burnstone project in South Africa's South Rand Basin as it moves towards a narrow stoping mechanised mine that would deliver an additional 1 million oz. Grades mined from measured and indicated resources would improve from 4.5 g/t to 5.8 g/t. Burnstone ...
Dec 11, 2013· 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 ...
Mar 31, 2014· Shareholders are referred to the Wits Gold announcement on 5 July 2013, where it was announced that it had submitted a final binding offer ("the Offer") to Mr Peter van den Steen, the business rescue practitioner of Southgold, to acquire Southgold, the sole owner of the Burnstone gold mine and assets ("Burnstone") located in South ...
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.
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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 …
Aug 05, 2021· 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.
Dec 10, 2013· Wits Gold is a South African gold and uranium exploration company operating in the Witwatersrand Basin ("Wits Basin") of South Africa. Wits Gold was formed in 2003 with the aim of acquiring properties adjacent to operating mines within the goldfields of the Wits Basin, in order to quantify their exploitable resources.
o Wits Gold 2013: Burnstone operational preparation o Gold One 2013: Houtpoort Concept study o Wits Gold 2012: De Bron Merriespruit PFS ... Design and feasibility for Mayskoye Gold Mine in Serbia, Russia. o Eastern Gold Fields 2007: Feasibility Study for Lily Gold Mine. o Johannesburg Water 2006: Design, specifications and tender award for unit ...
(Wits Gold), a JSE and Toronto Stock Exchange (TSX) listed gold and ... that wrote the Takeover Regulations in the Companies Act. He is a non- ... sole owner of the Burnstone gold mine and assets. The acquisition of Southgold subject to the fulﬁlment of certain outstanding conditions. 11. LIQUIDITY.
Feb 10, 2018· MINING AND PEOPLE: THE IMPACT OF MINING ON THE SOUTH AFRICAN ECONOMY AND LIVING STANDARDS. INTRODUCTION AND SYNOPSIS . There are two ways of looking at mining in South Africa. The first is to see it as a sunset industry plagued by rising costs, technical difficulties, and political hostility.
Coal mining processing plant in Nigeria. This coal mining project is an open pit mine located in Nigeria, announced by mining company - Western Goldfields - that it has discovered 62,400,000 tonnes of proven reserves of coal deposits worth US$1.2 billion which could be used for the generation of electric power...
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 ...
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 Exploration (Pty) Limited ("Southgold") business rescue plan that was approved on 11 July 2013 (the "Burnstone Acquisition"), represents a value accretive ...
2 · A strategy of organic and acquisitive growth was subsequently adopted, which resulted in the acquisition of the Cooke operations from Gold One International in 2013 and Wits Gold, which owned the Burnstone project, in 2014. These two acquisitions helped create a more sustainable gold business.
Apr 24, 2014· Wits Gold held a binding offer to acquire Southgold Exploration Proprietary Limited (Southgold) as the sole owner of Burnstone gold mine. After completing due diligence, Sibanye decided to proceed with the option to acquire Burnstone mine, although the offer to acquire Southgold is still subject to certain conditions. "The acquisition of ...
May 16, 2011· Great Basin Gold is a mining company engaged in the exploration and development of gold properties. The Company is currently focused on its two emerging mines in the world's two richest gold regions.
Dec 13, 2013· South Africa's Sibanye Gold has offered to buy Witwatersrand Consolidated (Wits Gold) for US$39mn, to enhance its footprint in the Wits Basin
Dec 11, 2013· Wits Gold selbst hatte im Juli ein Angebot für die Burnstone-Mine von Great Basin Gold gemacht, um ein erstes produzierendes Asset zu erhalten. Die Mine, die über Reserven von 6,4 Mio. Unzen Gold verfügt, ist der heutigen Ankündigung der beiden Unternehmen zufolge zu 90% fertig gestellt. Bislang wurden demzufolge rund 800 Mio.
Dec 25, 2017· 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 …
Great Basin Gold has halved mine life expectations at the Hollister gold-silver mining project in Nevada, US from 6 to 3 years on new resource estimates against current production rates. Reflecting changes in geological modelling, measured and indicated resources were cut to 545,000oz gold equivalent (0.49Mt at 0.918oz/t Au and 5.7oz/t Ag at a 15oz/t cutoff).
Consolidated Gold Resources Limited (Wits Gold) • Wits Gold had previously secured an option to acquire Southgold Exploration (Pty) Ltd (Southgold), which owns the Burnstone operation (Burnstone), through a business rescue process • Following an extensive due diligence, Siba nye indicated its intention to exercise the option to acquire ...
Jul 05, 2013· July 5, 2013. [ miningmx.com] – PHILIP Kotze said failure at Burnstone – the Mpumalanga province mine that wrecked the fortunes of former owner Great Basin Gold – would signal "the end' for Witwatersrand …
Wits Gold to bid for Burnstone Miningreview . Mar 22, 2013· Burnstone mine Johannesburg, South Africa 22 March 2013 Witwatersrand Consolidated Gold Resources 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.
Dec 11, 2013· Sibanye Gold further believes that Wits Gold's offer for the Burnstone gold mining operation ("Burnstone") ... The South African Takeover Regulation Panel established in terms of section 196 of ...
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