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

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wits gold takeover of burnstone mine

Wits Gold wins Burnstone gold-mine auction - Mining Journal. 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 R100 (US$10) from administrators.

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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 …

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Sibanye Gold proposed acquisition of Wits Gold - Sibanye ...

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 …

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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.

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CNW | Wits Gold - Reviewed condensed interim financial ...

JOHANNESBURG, Sept. 30, 2013- Wits Gold - Reviewed condensed interim financial information for the six months ended 30 June 2013.

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wits gold takeover of burnstone mine - lunarossa-ristorante.eu

wits gold takeover of burnstone mine. Great Basin went into business rescue and Burnstone was acquired by Wits Gold. "If we fail at Burnstone, mine.

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bids for the burnstone mine in mpumalanga

The gold miner has now launched a bid for the cash-strapped Wits Gold exploration company that will give it a sizeable land holding in the Free State and access to the newly built Burnstone mine in Mpumalanga, which Wits is buying from the liquidators of Great Basin Gold.

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Wits Gold to bid for Burnstone | Miningreview.com

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.

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Wits Gold delivered on a plate to Sibanye - Miningmx

Wits Gold had successfully bid for Burnstone from Great Basin’s liquidators offering R100 and offering to take over $177.3m in bank debt owed by Southgold, Great Basin’s subsidiary. Wits Gold had committed to provide a R950m loan for working capital and capital expenditure at Burnstone.

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Failure at Burnstone will ruin Wits Gold: Kotze - Miningmx

[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.

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Topic - Burnstone Mine - Engineering News

2016-02-24· Wits Gold gets approval to buy Burnstone. By: Natasha Odendaal 11th July 2013 JSE-listed Witwatersrand Consolidated Gold Resources (Wits Gold) on Thursday said it had received approval to buy the ...

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Gold Mining News - PRIME Gold

In addition to its existing assets, Wits Gold submitted a binding offer for the acquisition of Southgold Exploration Limited on July 4, which owns the Burnstone mine on the South Rand Goldfield. Burnstone is a shallow, semi-mechanised mine containing a 6.4 million ounces reserves and 21.7 million ounce resources. Mine construction started in 2006 and mine infrastructure is 90% complete, with ...

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Wits Gold Acquires Burnstone Mine | E & MJ

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 …

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wits gold for burnstone mine latest news - sxctezpur.in

Sibanye Gold's holistic approach big boost for mining's image. Aug 1, 2016 . I have come away from a two-day visit to Sibanye's West Wits mines with an upgraded impression of current mining leadership. .

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balfour gold mine - rhinoart.co.za

Burnstone Gold Mine About Burnstone Mine The Burnstone Property is located in the ... southeast of the city of Johannesburg and near the town of Balfour. …

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Witwatersrand Consolidated Gold Resources Limited (Wits ...

Witwatersrand Consolidated is a step closer to gaining its first producing asset with its selection as sole preferred bidder for the Burnstone gold mining operation in the South Rand area in Mpumalanga province, South Africa.

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Sibanye Proposes Acquisition of Wits Gold | E & MJ

Also, 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 has since advanced a suite of agreements, including transaction and ...

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burnstone | Mining News

Witwatersrand Consolidated Gold Resources (Wits Gold) was today announcement the sole preferred bidder for the Burnstone gold mining operation near Balfour,...

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Home - Sibanye-Stillwater

Sibanye-Stillwater well positioned after operational challenges in 2018. Sibanye-Stillwater has emerged strategically and operationally well positioned to benefit from the significantly improved fundamental outlook for precious metals from a challenging year in 2018.

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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 invest another $100m to produce 130,000 ounces per year.

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Topic - Great Basin Gold - Mining Weekly

2014-06-06· By: Natasha Odendaal 11th July 2013 JSE-listed Witwatersrand Consolidated Gold Resources (Wits Gold) on Thursday said it had received approval to buy the struggling Burnstone mine, in Mpumalanga ...

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Southgold business rescue completed | IOL Business Report

THE completion of business rescue of Southgold Exploration meant the Burnstone gold mine in Balfour, Mpumalanga, was likely to resuscitate the economy of the area, Peter van den Steen, the mine ...

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Wits Gold tables Burnstone offer | IOL Business Report

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 nominal ...

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