wits gold takeover of burnstone mine

Remember Burnstone

Apr 05 2019 0183 32 Wits Gold put in a bid to acquire the mine but in the end Sibanye Gold today Sibanye-Stillwater on an acquisition spree under CEO Neal Froneman bought the Burnstone assets in July 2014 after the mine had been in care and maintenance for close to two years...

burnstone mine in south africa

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 The mine is currently in care and maintenance under business rescue proceedings for Great Basin Gold subsidiary...

FIRST REPORT OF THE RECEIVER

Burnstone Property for the benefit of the Lenders and to that end the Receiver is working alongside the BRP to facilitate the sale transaction of the Burnstone Property to Witwatersrand Consolidated Gold Resources Wits Gold 23 Wits Gold has made an offer to purchase the shares of Southgold and certain shareholder...

Strategic leadership 2014 Integrated Annual Report

The cash inflows from the Burnstone mine will be applied to reduce this debt Sibanye repaid R656 million debt assumed through the acquisitions of Wits Gold and Cooke and repaid R900 million under the R45 billion Faciliti On various dates during 2014 Sibanye made additional drawdowns of R500 million and on 18 December 2014 Sibanye...

Tranter Holdings Pty Limited Bus Ex

Great Basin Gold has two gold projects the Burnstone Mine project in South Africa and the Hollister Mine project in the US with further interests in Mozambique and Tanzania Then there is Tranter Kismet a BBBEE company which has a 12 per cent shareholding in Wits Gold which has a number of early stage gold and uranium projects...

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 study on the gold project was completed in 2015 as project development started in 2016...

Sibanye bids R407m for Wits Gold

Wits Gold which would need to inject R950-million over three years as working capital to bring the Burnstone mine back into production including an initial payment of R725-million was expected...

16 Billion

Great Basin Gold Ltd announced increases for both its Hollister Project located in Nevada USA and Burnstone Mine located in South Africa Mineral Reserve and life-of mine estimat Q4 2010...

Wits Gold to lend R950m in mine offer

Jul 05 2013 0183 32 Wits Gold will also advance as much as 950 million rand to Southgold through a shareholder loan at 400 basis points or 4 percentage points over the three-month Johannesburg interbank agreed rate...

Burnstone Gold Mine

About Burnstone Mine The Burnstone Property is located in the South Rand area of the Witwatersrand Goldfields approximately 50 miles 80 kilometers southeast of the city of Johannesburg and near the town of Balfour The Burnstone Project has received all of the required permits to complete the development of the mine and commence full-scale underground mining Block B and Block C...

Firm intention by Sibanye Gold to make a cash offer to

Sibanye Gold further believes that Wits Gold s offer for the Burnstone gold mining operation Burnstone The South African Takeover Regulation Panel established in terms of section 196 of...

Detailed Further Cautionary Announcement Regarding the

4 Rationale for the Proposed Transaction In line with Wits Gold s strategy of owning and developing shallow mines in South Africa the acquisition of the Burnstone property represents both a...

Sibanye Gold It s Time To Take Profits NYSE SBSW

Sibanye Gold has exercised its option to acquire the 90 complete Burnstone mine This adds a development project to the portfolio and with this comes added risk...

Kethusitswe Mokgatlha

I started my mining career in Kimberley Mines after being awarded a Bursary by De Beers to study for Mining Engineering at Wits University but things did not work out and I then was sent to the mine for a year where he had to proof himself before being sent to Technikon I left Be Beers and joined Great Basin Gold Burnstone Mine as a Mining...

Sibanye Sets its Sights on Burnstone E MJ

Although the price for Wits Gold was relatively modest it will require a formidable investment to return Burnstone to production Burnstone was acquired at virtually no cost but Sibanye needs to spend around R13 billion 123 million over the next 3-4 years to bring the mine to life again said Kobus Nell resource analyst at Stanlib...

burnstone gold mine valuation

Great Basin Gold Ltd GBG Resource ClipsGreat Basin Gold Ltd and ramp up of the Burnstone Mine and results from trial mining continue to confirm the value of the Hollister and Burnstone Mining NewsWitwatersrand Consolidated Gold Resources was today announcement the sole preferred bidder for the Burnstone gold mining focusing on the entire mining value sibanye gold mine...

burnstone gold mine

GREAT BASIN GOLD LinkedIn The vertical shaft at Burnstone mine Johannesburg South Africa --- 22 March 2013Witwatersrand 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...

Lifeline for Burnstone Miningreview

Welcome Log into your account your username your password...

Still Beyond FRUSTRATING Regarding the Burnstone Gold Mine

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...

Contact Us

You can also get contact with us through online consulting, demand table submission, e-mails and telephones. Our staff shall wholeheartedly provide product information, application knowledge and good service for you.