Sibanye Gold, South Africa’s second-largest gold producer, exercised its option to acquire Southgold and Burnstone last year after buying Wits Gold for $74m and taking on $1773m in bank debt owed...
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...
Wits Gold also holds uranium resources at Beisa North and South, adjacent to Beatrix West, which have potential to be developed into a uranium producer Also, on July 4, 2013, Wits Gold submitted a binding offer for the acquisition of Southgold Exploration, which owns the Burnstone mine ,...
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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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However, since Wits Gold are currently suffering from cash flow problems, Sibanye may pick up the funding of up to 950 million rand to bring Burnstone mine into production at about 100,000oz a year...
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On 14 April 2014, the acquisition of Witwatersrand Consolidated Gold Resources Limited (Wits Gold) for a cash consideration of approximately R407 million was concluded Wits Gold also held a binding offer to acquire Southgold Exploration Proprietary Limited (Southgold) – being the sole owner of the Burnstone gold mine...
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 ....
Our core purpose Sibanye-Stillwater’s mining improves liv Our vision Superior value creation for all of our stakeholders through responsible mining and beneficiation of our mineral resourc...
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...
Oct 28, 2016· Wits Gold gets approval to buy Burnstone By: , Natasha Odendaal 15th May 2012 JSE- and TSX-listed Great Basin Gold’s Burnstone mine, in Balfour, South Africa, has exceeded its gold production ....
Wits Gold also holds uranium resources at Beisa North and South, adjacent to Beatrix West, which have potential to be developed into a uranium producer Also, on July 4, 2013, Wits Gold submitted a binding offer for the acquisition of Southgold Exploration, which owns the Burnstone mine ,...
Feb 24, 2016· 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 ....
The choice to use mechanised mining methods could be the reason why Great Basin Gold's Burnstone has been non profitable , Did mechanised mining kill Great Basin Gold’s Burnstone? , which could include Gold One International and Wits Gold – a company undoubtedly on the lookout for an operational gold mine A more formal announcement ....
[miningmx] – THE R407m takeover of Witwatersrand Consolidated Gold Resources (Wits Gold) last year sees the , that the world’s gold mining companies would return to the riches of the historic Witwatersrand gold basin , Equally difficult to digest for Wits Gold was its growth target Burnstone which had been developed for a ....
owner of the Burnstone gold mine and assets (“Burnstone”) located in South Africa’s Mpumalanga Province The Offer was included in the business rescue plan that was approved by creditors on 11 July 2013 Summary of the key terms of the Offer: Wits Gold will acquire all of the issued share capital of Southgold together with all...
wits gold takeover of burnstone mine - paparazzi , The junior mining company was aiming to raise C$50-million to carry its Burnstone gold mine, in South Africa, through to , Chat Online Wits Gold For Burnstone Mine Latest News - lingtamcoin More Burnstone - Mining Intelligence...
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 ”)...
wits gold takeover of burnstone mine - paparazzi , The junior mining company was aiming to raise C$50-million to carry its Burnstone gold mine, in South Africa, through to , Chat Online Wits Gold For Burnstone Mine Latest News - lingtamcoin More Burnstone - Mining Intelligence...
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ii Once the Wits Gold Loan plus accrued interest has been settled then in a ratio of 70% (seventy per cent) to Wits Gold and 30% (thirty per cent) to the balance of the Total Southgold Liability ....
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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...
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 ....
Sibanye Gold has run 200+% from our original call The company has developed into the go-to name of South African gold mining, and faces a bright future as a dividend paying investment proposition ....
EXPLAURUM ADVISERS REJECT RAMELIUS’ $60M SCRIP TAKEOVER , WITS GOLD PLANS STEADY BUILD-UP FOR BURNSTONE MINE , International gold mining company with corporate offices in Canada and South Africa, focused on exploration and development of gold properti Tweet Mining ,...
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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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