wits gold for burnstone mine latest news

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 Southgold Exploration, which owns the Burnstone mine …

Wits Gold tables Burnstone offer | IOL Business Report

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. Wits Gold will pay a …

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

Dec 13, 2013· South Africa's Sibanye Gold has offered to buy Witwatersrand Consolidated (Wits Gold) for US$39mn, ... Recently, Wits Gold bid for Great Basin Gold's Burnstone mine, which has been estimated to contain 6.4mn ounces of reserves. ... Tweet. Latest news in Excavation.

Sibanye to push Burnstone restart from zero base

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 ...

Sibanye bids R407m for Wits Gold - Engineering News

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 ...

simunye burnstone gold mine - apgce.org

Burnstone Mining Atlas. Burnstone is a Gold Mine in South Africa owned by Sibanye. General The mine was intended to start production in 2011 and produce up to 250,000 ounces of gold per year. But geological problems have resulted in very low For more data on production, status, ownership, capex and other categories, see the data section. Read More

burnstone mine balfour mpumalanga - keuken310.nl

Balfour, Mpumalanga - Operations have been suspended at Great Basin Gold's Burnstone mine near Balfour, Mpumalanga, the company said in a statement on Wednesday. Get a Price. Burnstone - Mining Atlas - Explore the World of Mining. Burnstone is a Gold Mine in South Africa owned by Sibanye. General: The mine was intended to start production in ...

WITS GOLD PLANS STEADY BUILD-UP FOR BURNSTONE MINE ...

Acquisition of mothballed mine includes multi-million ounce gold reserve, substantial underground infrastructure and fully operational plant WITS GOLD PLANS STEADY BUILD-UP FOR BURNSTONE MINE | Mining Business Media

Wits Gold Acquires Burnstone Mine | E & MJ

Witwatersrand Consolidated Gold Resources Ltd. (Wits Gold) has acquired Southgold Exploration Ltd., a -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.

wits gold takeover of burnstone mine - twenterandkanaalrace.nl

wits gold takeover of burnstone mine;, Phakisa Gold Mine, The company owns a number of mines including Elandskraal mine and Phakisa Mine, contact details . ... Topic - Burnstone Mine - Engineering News. Feb 24, 2016· Wits Gold, which would pay $7, being able to begin gold production at the Burnstone mine in the next 18, aiming to raise C ...

Wits Gold to bid for Burnstone | Miningreview.com

Mar 22, 2013· [img:Basin%20moon_0.jpg|The vertical shaft at Burnstone mine]Johannesburg, South Africa --- 22 March 2013 - Witwatersrand Consolidated Gold Resources Limited (Wits Gold) â€' which has a primary listing on the JSE and a secondary listing on the TSX â€' is preparing a bid for the Burnstone gold mine in South Africa, which is in a business-rescue programme.

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. Feasibility study on the gold project was completed in 2015, as project development started in 2016.

Home - Sibanye-Stillwater

Aug 22, 2019· About 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 well as a …

Sibanye Gold Ltd (SBGL.N) Company Profile | Reuters.com

Aug 16, 2019· Sibanye Gold Limited, incorporated on December 12, 2002, is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold …

Failure at Burnstone will ruin Wits Gold: Kotze - Miningmx

Jul 05, 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 Consolidated Gold Resources (Wits Gold), the firm of which he is CEO.

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.

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.

History - Sibanye-Stillwater

Aug 23, 2019· Since our founding, Sibanye-Stillwater has grown from being a South African gold mining company to an internationally competitive, globally diversified precious metals miner, producing gold and the full suite of PGMs. We were formed in February 2013 as Sibanye Gold Limited following the unbundling by Gold Fields Limited of a South African subsidiary company which …

Sibanye makes R407m offer for Wits Gold - South Africa News

Dec 11, 2013· Sibanye makes R407m offer for Wits Gold. ... bidding for Great Basin Gold Ltd.'s Burnstone mine to obtain its first bullion-producing asset. ... Bloomberg News. Read next on IOL.

Great Basin Gold Ltd. (fka GBGLF): Still Beyond ...

South African company Southgold Exploration is a wholly-owned subsidiary of Toronto-based Great Basin Gold (GBG) Limited, which is an international mining company engaged in the exploration and development of gold properties. Southgold's principal asset is the Burnstone mine in Mpumalanga.

Wits Gold not afraid of mechanised mining, not even at ...

Feb 21, 2013· It is no secret that Wits Gold, the junior gold developer and explorer, is on the acquisition trail and the unsuccessful completion of purchasing Evander from Harmony Gold has not been a deterrent. ... follow us @Mining_News. Wits Gold not afraid of mechanised mining, not even at Burnstone. Feb 21, ... According to Burnstone owner, Great Basin ...

Witwatersrand Consolidated Gold Resources Limited (Wits ...

Witwatersrand Consolidated Gold Resources has assured shareholders that the failure of the combined Wits Gold-Pan African Resources to purchase Evander Gold Mines in South Africa is not the end of its gold mining ambitions. The 50-50 consortium offer to Harmony Gold Mining was terminated by mutual agreement between the parties on May 30.

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

Sibanye offers R407-million for Wits Gold projects The gold mining company is seeking Wits Gold's operations to extend the life of its nearby Beatrix mine and unlock value. Aug 21, 2019

South Africa | Mining News

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...

Sibanye bids R407m for Wits Gold - miningweekly.com

Latest News; Sector News ... Beatrix West into a uranium mine. Further, Wits Gold's move to buy the embattled Burnstone gold mine, in Mpumalanga, following Southgold Exploration's descent into ...

wits gold rachat de burnstone mine

burnstone gold mine balfour uutflukt. Great Basin Gold (Burnstone mine), Balfour, Mpumalanga. 4 likes. Local Business Burnstone Mining Atlas. Burnstone is a Gold Mine in South Africa owned Great Basin Gold as a result is selling the mine, most likely to Wits Gold who plans to invest another $100m to . Read More. obtenir le prix

burnstone mine in south africa - allegria-stfrancisbay.co.za

Great Basin Gold Suspends Operations At Its Burnstone Mine. Great Basin Gold Suspends Operations At Its Burnstone Mine--Vancouver, British Columbia--(Newsfile Corp. September 11, 2012) GBG) announces that it has suspended operations at the Company's Burnstone mine located in the Witwatersrand Basin of South Africa as at September 11, 2012.

Strategic update: Burnstone Project - The Vault

Burnstone mine and assets) • All shareholder loans and inter-group loans against Southgold Offer consideration • Payment of $7.25 million on completion of transaction • Total debt reduced by 55% to $177.3 million, back-ranked to new funding and ring-fenced to and repaid from Burnstone free cash flow

is there gold in the burnstone mine - BINQ Mining

Apr 26, 2013· Great Basin Gold: Burnstone Mining Method. World-class mining method, completely mechanized and extremely safe … the preferred mining method for the Burnstone Mine and develop a life-of-mine (" LOM") … There will be a steady build-up over the …

Lifeline for Burnstone | Miningreview.com

Jul 17, 2013· The proposed plan provides for the transfer to Wits Gold or its designee of all the shares issued by Southgold. That plan was passed by the requisite majority of Southgold's creditors on Monday and, if successfully implemented, will result in the saving of the Burnstone mine.