Sibanye Proposes Acquisition of Wits Gold | E & MJAlso, on July 4, 2013, Wits Gold submitted a binding offer for the acquisition of Southgold Exploration, which owns the Burnstone mine on the South Rand goldfield. Southgold is currently subject to business rescue proceedings following the commencement of the liquidation of Great Basin Gold Ltd. in September 2012.Sibanye Proposes Acquisition of Wits Gold | E & MJAlso, on July 4, 2013, Wits Gold submitted a binding offer for the acquisition of Southgold Exploration, which owns the Burnstone mine on the South Rand goldfield. Southgold is currently subject to business rescue proceedings following the commencement of the liquidation of Great Basin Gold Ltd. in September 2012.wits gold takeover of burnmining minewits gold takeover of burnstone mine wits gold takeover of burnstone mine; Coal Crusher Manufacturers in India Coal CrusherCoal mobile crusher means a mobile crusher special for coal mining or coal . Get Price. SEC Info Gold Ltd '20 F' for 12/31/13.Wits Gold Acquires Burnstone Mine | E & MJWitwatersrand 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 AfricaBurnstone Mine In South AfricaSimunye Burnstone Gold Mine 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

wits gold takeover of burnmining mine

wits gold takeover of burnstone mine wits gold takeover of burnstone mine; Coal Crusher Manufacturers in India Coal CrusherCoal mobile crusher means a mobile crusher special for coal mining or coal . Get Price. SEC Info Gold Ltd '20 F' for 12/31/13.Lifeline for Burnstone mining operations15/7/2013· 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 earlier on Monday and, if successfully implemented, will result in the saving of the Burnstone mine.burnstone gold minewits gold takeover of burnstone mine BURNSTONE GOLD MINE (PTY) LTD +27(079 086 9159) BURNSTONE GOLD MINE (PTY) LTD +27(079 086 9159) Standerton We are currently looking for determined workers urgently with or without matriculation,AtBurnstone gold mine project Report | Wood MackenzieBurnstone 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 ...

Burnstone gold mine project Report | Wood Mackenzie

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 ...Presentation: Acquisition of Wits GoldBurnstone Mine Wits Gold • A South African focussed, fully empowered, junior gold developer and emerging producer • World's fifth largest gold resource attributable to a single company (157 Moz) • Total Probable Reserves of 8.5 Moz gold (55.1Mt @ 4.8g/t) 2 ...Wits Gold to bid for Burnstone | MiningreviewIn 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, aWits Gold wins Burnstone gold-mine auction - Mining .Witwatersrand Consolidated Gold Resources Ltd (Wits Gold) clinched a deal to acquire the Burnstone gold mine in South Africa's Mpumalanga province for a nominal...Mining Weekly - Wits Gold bids for Burnstone, decision .Wits Gold also planned a three-dimensional seismic survey, which would constrain the highly faulted underground structure and enable mine design optimisation. Phone: +27 (0)11 622 3744Wits Gold is a junior looking to acquire Burnstone | .4/3/2013· The acquisition of Burnstone would immediately change Wits Gold's status – from explorer to producer – while raising its overall gold ounce targets. "We have good management capacity with a proven track record and have access to funding (US$100 million) to ramp the mine up to full production.

THE BURNSTONE PROJECT

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 anWits Gold Ltd. zum alleinigen bevorzugten Bieter für .Witwatersrand Consolidated Gold Resources Limited gab kürzlich bekannt, der alleinige bevorzugte Bieter für die Burnstone-Mine in Südafrika zu sein. Die zu Southgold Exploration (Pty) Limited ...Detailed Further Cautionary Announcement .it provides Wits Gold with access to cash flows generated by the Burnstone mine which is anticipated to accelerate development of other Wits Gold projects; 80% of the Burnstone mine's capital ...Wits Gold bids for Burnstone, decision expected next weekThe offer to buy the mine would be put to vote on July 11, but Wits Gold had signed irrevocable undertakings from the major creditors that its bid would be voted for to eliminate deal uncertainty. Burnstone was put on care and maintenance in September, after several production setbacks and an inability to afford the mine's required working capital to reach cash-flow breakeven forced the mine ...Detailed Further Cautionary Announcement .it provides Wits Gold with access to cash flows generated by the Burnstone mine which is anticipated to accelerate development of other Wits Gold projects; 80% of the Burnstone mine's capital ...

burnstone mine in south africa

Great Basin Gold plummets after Burnstone mining halt Burnstone is one of the few mining operations to start up in South Africa in the past decade The mine has more than 6-million ounces of gold in proven and probable reserves and a forecast life of more than 25 ...Wits Gold bids for Burnstone, decision expected next weekWitwatersrand Consolidated Gold Resources (Wits Gold) on Friday said that it had offered to buy embattled Great Basin Gold's (GBG's) suspended Burnstone gold operation, in ...WITS GOLD PLANS STEADY BUILD-UP FOR BURNSTONE .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 MediaGreat Basin Gold Ltd. (fka GBGLF): Still Beyond .Claire van Zuylen, Partner at pan-African corporate law firm, Bowman Gilfillan, which acted for Standard Chartered Bank in London and Credit Suisse (AG), commented, "The restructuring will result in some 2 000 employees, who were initially retrenched in 2012 when the Burnstone mine went into care and maintenance, being re-employed at the mine when operations re-commence.bids for the burnstone mine in mpumalangaBurnstone is a Gold Mine in South Africa owned by Sibanye. Product inquiry on Thursday said it had received approval to buy the struggling Burnstone mine, in Mpumalanga. bids for Burnstone, wikinvest/stock/Wits_Gold . learn more ; Work at Burnstone mine halted. operations at Aquarius Platinum's Everest mine near Lydenburg in Mpumalanga were suspended because of low commodity .Mining Weekly - Wits Gold bids for Burnstone, decision .Wits Gold also planned a three-dimensional seismic survey, which would constrain the highly faulted underground structure and enable mine design optimisation. Phone: +27 (0)11 622 3744Mining Weekly - Wits Gold bids for Burnstone, decision .Wits Gold also planned a three-dimensional seismic survey, which would constrain the highly faulted underground structure and enable mine design optimisation. Phone: +27 (0)11 622 3744Wits Gold preferred bidder for Burstone | Mining News5/7/2013· 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 CEO Philip Kotze has made so secret of his intentions to acquire a mine which will enable the company to move from an explorer and .

THE BURNSTONE PROJECT

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 anFailure at Burnstone will ruin Wits Gold: Kotze - MiningmxGreat Basin Gold planned to produce 250,000 ounces a year of gold from Burnstone and had spent $800m building the mine and its infrastructure. Kotze thinks that no more than $100m in additional spend will be required to complete the mine, but that it will only produce up to .

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