Wits gold for burnstone mine latest news

Wits Gold For Burnstone Mine Latest News

Wits Gold named sole preferred bidder for …

Kotze added that Wits Gold had developed a new, underground mining plan for Burnstone, which was realistic, deliverable and aimed to ensure maximum benefit for all stakeholders. The plan allowed for flexibility in the production approach and this would be confirmed once the transaction had been finalised.

Wits Gold Takeover Of Burnstone Mine

Wits Gold preferred bidder for Burstone Mining News. Wits Gold was today announcement the sole preferred bidder for the Burnstone gold burnstone gold mine, Get Price ; Wits Gold condensed interim financial . The Company bid successfully to acquire the Burnstone Mine, wholly owned by Southgold Exploration (Pty) Limited (Southgold), whereby on 11 July 2013, the required number of Southgold ...

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 moves from being an explorer to a producer.

Wits Gold to bid for Burnstone | Miningreview.com

Wits will complete a bankable feasibility study in September to build a new gold mine at its shallow De Bron-Merriespruit deposit near Welkom in the Free State. The project, with life-of-mine capital of US$680 million, would be funded with debt and equity in a 60:40 split, Kotze added. Source: Wits Gold. For more information, click here.

Failure at Burnstone will ruin Wits Gold: Kotze - …

Great 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 …

wits gold for burnstone mine latest news

A Summary of the News: On Monday , 1 October , Tranter Burnstone Proprietary Limited Tranter Burnstone , a subsidiary of Tranter Gold , subscribed for 812 new ordinary shares in Southgold;OVERVIEW the Burnstone gold mine near Balfour After the Canadian listed company Great Basin Gold went into liquidation in 2012 , Wits Gold acquired the mine …

wits gold takeover of burnstone mine

wits gold for burnstone mine latest news The plant at Great Basin Golds Burnstone gold mine in Balfour, South Africa, Gold mining in South Africa . Get Price. balfour gold mine . Wits Gold to bid for Burnstone balfour gold mine Crusher Price aggregate crushing plant . Our crusher have very leading status in mine industry . Get Price. Detailed Further Cautionary Announcement Regarding the ...

Cock-a-hoop Wits Gold acquiring broke …

Wits Gold CEO Philip Kotze tells Mining Weekly Online’s Martin Creamer that the company is delighted to be able to reserve the out-of-capital Burnstone gold mine without having to make any ...

WEST WITS MINING – WEST WITS MINING

WEST WITS MINING (ASX:WWI) is an ASX-listed exploration and development company with a focus on conglomerate gold in two premier regions, Pilbara and Witwatersrand. ASX Announcements. Share Price. Media & Latest Presentation. West Wits Mining Limited Investor Presentation – February 2020 03/02/2020 ; West Wits Mining Limited Investor Presentation – November 2019 13/11/2019 ; West Wits ...

Wits Gold preferred bidder for Burstone | Mining …

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 developer …

wits gold takeover of burnstone mine

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Wits Gold bids for Burnstone, decision expected …

Witwatersrand 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 Mpumalanga. The TSX ...

wits gold for burnball mill mine latest news

「wits gold for burnstone mine latest news」 A Summary of the News: On Monday , 1 October , Tranter Burnstone Proprietary Limited Tranter Burnstone , a subsidiary of Tranter Gold , subscribed for 812 new ordinary shares in SouthgoldOVERVIEW the Burnstone gold mine near Balfour After the Canadian listed company Great Basin Gold went into liquidation in 2012 , Wits Gold acquired the mine…

Projects | Sibanye-Stillwater

We acquired the Burnstone assets on our acquisition of Wits Gold in July 2014. The assets, which were formerly operated as a mine until placed on care and maintenance in mid-2012, comprise two established shaft complexes, a 125,000 ton per month carbon-in-leach gold processing plant, tailings storage facility and related surface infrastructure and mining rights. Prior to 2012, Burnstone ...

Wits Gold tables Burnstone offer - IOL | News that ...

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.

Home | Sibanye-Stillwater

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 significant producer of rhodium. We are ...

Wits Gold is a junior looking to acquire ... - …

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. However, we will not overpay for the asset, and have entered the bidding process set up by the ...

Wits Gold delivered on a plate to Sibanye - …

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. Fleming ...

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 ...

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