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wits gold for burnstone mine latest news

Mar 05, 2021 · JOHANNESBURG (miningweekly.com) – Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined …

wits gold to bid for burnstone

Mar 22, 2013 · In a statement issued here, Wits Gold said it had spent R20 million on a diligence study of Burnstone, which mines the channelised Kimberley Reef near Balfour in Mpumalanga. The hard work has been done by Great Basin, which built a metallurgical plant, a decline shaft and a vertical shaft at the mine

wits gold for burnstone mine latest news

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 companyget price Wits Gold named sole preferred bidder for Burnstone

wits gold named sole preferred bidder for burnstone mine

Jul 08, 2013 · Wits Gold named sole preferred bidder for Burnstone mine 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 Africa

wits gold preferred bidder for burstone | mining news

Jul 05, 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. The announcement comes as no surprise. Wits Gold …

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

wits gold looks for operating gold asset ... - mining news

Feb 21, 2013 · Gold investment demand takes a dip in Q1 | Mining News Gold investment demand takes a dip in Q1. miningnews.co.za. According to the World Gold Council’s latest Gold Demand Trends report, gold investment demand fell in Q1 due to being driven by hefty outflows in gold …

news releases | sibanye-stillwater

Feb 25, 2021 · A comprehensive listing of all announcements made by Sibanye-Stillwater since its founding in 2012

sibanye sets its sights on burnstone | e & mj

Currently, Sibanye is digesting Wits Gold, following a R407 million ($38 million) bid made in December. This will give it a sizeable land holding in the Free State and access to the newly built Burnstone in Mpumalanga province, which Wits is buying from the liquidators of Great Basin Gold

wits gold tables burnstone offer - iol | news that

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

burnstone mine. the burnstone mine is one of the largest

May 16, 2020 · Wits Gold makes offer for Burnstone mine. JOHANNESBURG mi – Mining analysts last week Burnstone assets were formerly operated as a mine, …

wits gold wins burnstone gold-mine auction - mining journal

Jul 12, 2013 · Latest from the Mine Risk Management Channel ... Wits Gold wins Burnstone gold-mine auction . ... clinched a deal to acquire the Burnstone gold mine in …

south africas sibanye offers to buy wits gold for us$39

Dec 13, 2013 · 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

wits gold acquires burnstone mine | e & mj

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

sibanye makes r407m offer for wits gold - iol | news that

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

witwatersrand consolidated gold resources limited (wits

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

sibanye gold proposed acquisition of wits gold | sibanye

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

sibanye offers r407-million for wits gold projects - 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

sibanye to push burnstone restart ... - global mining news

Jun 06, 2014 · 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

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

sibanye bids $39 million for wits gold to secure beatrix

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

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