Mar 27, 2020· The assets include the mining and prospecting rights formerly held by Wits Gold. In June 2017, a mining right consolidating four areas of the property (Bloemhoek, De Bron Merriespruit, Hakkies and Robijn) was approved for a 23-year period and executed. The mining right is contiguous to the north-east of the Beatrix mining right.
Mar 04, 2013· Controversy regarding the reasons for Burnstone’s failure continues to circulate in the market and its use of mechanised mining is at the forefront. Kotze, however, says the mine is aligned with Wits Gold’s strategy owning and developing shallow mines in South Africa.
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 bid for AngloGold
Jul 05, 2013· [miningmx] 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.
Jul 08, 2013· [img:BurnS_0.jpg| ]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 AfricaBurnstone is wholly owned by Southgold Exploration (Pty) Limited, a subsidiary of Great Basin Gold
Burnstone Mining Atlas. 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 production Great Basin Gold as a result is selling the mine, most likely to Wits Gold who plans to i.
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 went into business rescue and Burnstone was acquired by Wits Gold. “If we fail at Burnstone, then that’s the end of Wits Gold,” Wits CEO Philip Kotze told Miningmx in July 2013. “We have got an opportunity to reposition this mine. It was certainly the lowest risk mine that we could get into operation by a long way,” he said.
Witwatersrand 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 Africa’s Witwatersrand goldfields.
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 Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.
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.
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.
Wits Gold For Burnstone Mine Latest News. We are a large-scale manufacturer specializing in producing various mining machines including different types of sand and gravel equipment, milling equipment, mineral processing equipment and building materials equipment.
Great Basin Gold Burnstone Mine Dust Abatement At Great Basin Gold Burnstone Mine located near Balfour in South Africa the main traffic areas within the mine had become overcome by fugitive and windborne dust making dust suppression a requirement. Wits Gold to bid for Burnstone
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.
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
Top Company News of the Day: A federal judge is expected to approve T-Mobile US's merger with Sprint, according to people familiar with the matter, clearing the way for the two wireless rivals to combine and overcoming a state antitrust challenge.
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
Failure at Burnstone will ruin Wits Gold: Kotze . 26 · 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 130,000 ounces
The Burnstone Mine has progressed from a development project to the gold production stage, and is now in a build-up phase with steady state production expected by 2013. The above mineral resources, which include the mine’s mineral reserves, have been depleted by production to June 30, 2011 and are stated as of that date.
Wits Gold Takeover Of Burnstone Mine Gold Mine Vietnam, South African Mines, Hollister Mine Nevada, Khumani Mine Iron Ore, Assmang Khumani Mine, Mining Dust Control, Sheba Gold Mine South Africa, Gold Mines in Northern Nevada, Where Is Great Basin, Largest Gold Mine in South Africa, Gold Mining, Topographic Map for Barberton Mine, High Grade Gold Ore, Barberton Mine Map, Congo Gold