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April 14 (Reuters) - Diversified miner Sibanye Stillwater SSWJ.J on Friday reported four deaths at its Burnstone gold mining project in South Africa following the collapse of a newly constructed ...
The Burnstone project is a low-cost, extensively predeveloped gold asset, which was previously operated under Great Basin Gold. The project has mineral reserves estimated at 20.6-million tonnes ...
Balfour area, in Mpumalanga, South Africa. Project Owner/s. Sibanye-Stillwater. Project Description. The Burnstone project is a low-cost, extensively predeveloped gold asset, which was previously ...
Report summary. Burnstone project was previously operated by Great Basin Gold up to 2012 when the mine was placed on care and maintenance and GBG went …
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. In Q2 2012, Southgold was successfully granted …
Mine construction started in 2006 and mine infrastructure is 90% complete, with approximately US$800 million already spent on establishing the mine. Froneman commenting on Burnstone said: "Burnstone potentially secures an additional source of low cost production, thereby enhancing Sibanye Gold's existing production profile and …
Balfour is a small gold mining and maize farming town in Mpumalanga, South Africa. The town and post office, some 80 km southeast of Johannesburg, were established on ... About mining news in balfour rsa-related information:relating to the news release by great basin 13, 568 ha (51. 3%) held by gfl mining services ltd.
A high-level overview of Sibanye Stillwater Limited (SBSW) stock. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools.
South African gold explorer turning producer – Wits Gold – is acquiring the out-of-pocket Burnstone gold mine on excellent terms. Wits Gold CEO Philip Kotze told the media on Monday that the ...
Wits Gold itself made an offer for a gold-mining operation in July, bidding for Great Basin Gold Ltd.'s Burnstone mine to obtain its first bullion-producing asset. …
Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years, Sibanye-Stillwater CEO Neal Froneman told the BMO conference this week. JSE- and ADR-listed Sibanye-Stillwater acquired the Burnstone project from Wits Gold for R1 in 2015.
Gold One International in 2013 and the Burnstone project from Wits Gold in 2014, in order to create a more sustainable gold business. In 2016, the acquisition of Aquarius Platinum Limited's stakes in the Kroondal mine and the Platinum Mile retreatment facility, both in the Rustenburg area, South Africa and the Mimosa Joint Venture with Impala ...
JOHANNESBURG (miningweekly) – Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years ...
Wits Gold would pay $7.25-million in cash towards GBG's South African subsidiary Southgold Exploration's debt, which was restructured and cut by 55% to $177.35-million.
Burnstone Mine ("Burnstone") on the South Rand Goldfield, entered into business rescue • Burnstone was placed on care and maintenance under the control of a small management team employed under short-term contracts • On 4 July 2013 Wits Gold submitted a binding offer for the acquisition of
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Read Now. Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years, Sibanye-Stillwater CEO ...
The company owns gold exploration rights in Burnstone property. Contact Information. Ownership Status. Acquired/Merged. Financing Status. Corporate Backed or Acquired. Primary Industry. Gold Mining. Acquirer. Wits Gold. Primary Office. Ground Floor; 138 West South; Sandown, 2146;
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 R1.3 billion ($123 million) over the next 3-4 years to bring the mine to life again," said Kobus Nell, resource analyst at Stanlib.
News provided by. Wits Gold 11 Dec, 2013, 03:39 ET. Share this article. Share to X. ... This focus saw Wits Gold make an offer for the Burnstone gold mine under the Burnstone Acquisition.
As at 31 December 2022, Altar contained 1,408.6 million tonnes of declared attributable mineral resources at 0.4% copper and 0.1 g/t gold (13.1 billion pounds of copper and 4.3 million ounces of gold). Latest news: 14 August 2023: Aldebaran announces it has earned a 60% interest in the Altar Project and is advancing towards earning an 80% Interest
By Mining Review Africa. December 11, 2013. Wits Gold has signed an implementation agreement with Sibanye Gold, in terms of which Sibanye will acquire the company's entire issued ordinary share capital for a cash consideration of ZAR11.55 a share to become the registered and beneficial owner of of Wits Gold shares. The offer …
Witwatersrand Consolidated Gold Resources Ltd (Wits Gold) clinched a deal to acquire the Burnstone gold mine in South Africa's Mpumalanga province for a …
Kitco News. (Adds Minerals Council statistics) April 14 (Reuters) - Diversified miner Sibanye Stillwater on Friday reported four deaths at its Burnstone gold mining project in South Africa following the collapse of a newly constructed surface waste rock conveyor. In a statement, Sibanye said the incident took place on Thursday when five ...
Sibanye Gold, South Africa's second-largest gold producer, exercised its option to acquire Southgold and Burnstone last year after buying Wits Gold for $7.4m and taking on $177.3m in bank debt owed.
In 2020. OUTPUT. 3Moz 4E PGMS 0.98Moz gold. WORKFORCE OF. 84,775 people; ACHIEVED. 13 million fatality-free shifts 2. NET CASH . R3.1 billion (US$210 million). MARKET CAPITALISATION . R175bn (US$12 billion). at 31 December 2020. SALIENT FEATURES. One of the world's largest primary producers of platinum, palladium and …
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Sibanye Stillwater ( NYSE: SBSW) -2.7% pre-market Friday after reporting four deaths at its Burnstone gold mining project in South Africa following the collapse of a newly constructed surface ...
Currently, Sibanye is digesting Wits Gold, following a R407 million ($38 million) bid made in December. This will give it a sizeable land holding in the Free State and access to the …
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 ...
Great Basin Gold Limited is an international mining company with two emerging mines in the world's richest gold regions: the Hollister Mine on the Carlin Trend in Nevada and the Burnstone Mine in the Witwatersrand Basin, South Africa.These assets, combined with exploration activities in Tanzania and Mozambique, make Great Basin Gold an …
JOHANNESBURG (miningweekly) – Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces …
Burnstone gold project. Location Balfour area, in Mpumalanga, South Africa. Project Owner/s Sibanye-Stillwater. Project Description The low-cost, extensively …
Wits Gold Acquires Burnstone Mine. Witwatersrand Consolidated Gold Resources Ltd. (Wits Gold) has acquired Southgold Exploration Ltd., a -owned …
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 mining company has promised to provide updates as soon as more information is available. The Burnstone project is located near the town of Balfour in South Africa. Sibanye-Stillwater is one of the world's leading precious metals mining companies, with operations in South Africa, Zimbabwe, and the United States.
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 ... Burnstone mine - overview • Designed as a shallow (~250m to ~1,000m), semi-mechanised mine • Mine construction started in 2006
Multinational mining and metals group Sibanye-Stillwater has advised of four fatalities at its Burnstone gold project, near Balfour, following a surface waste rock conveyor collapse on April 13.
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.
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 ...
