wits gold takeover of burnstone mine

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Burnstone is a Gold Mine in South Africa owned by Sibanye. General 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 For more data on production, status, ownership, capex and other categories, see ....

fight looms over Lundin Mining assets – Page 6 ...

I've been predicting a fight over Lundin Mining's copper assets since 's aborted takeover bid of the formerly cashstrapped miner in 2009....

Sibanye Gold Is A Silent Overachiever With Ample Potential ...

Mar 11, 2014· Burnstone Development Project. Wits Gold is in the process of acquiring the Burnstone mine from the liquidation assets of another South African gold miner....

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Blanket Gold Mine Caledonia Mining Corporation Caledonia is a Mining, Exploration and Development company focused on Southern Africa. Caledonia's primary asset is ....

SIBANYE GOLD LIMITED SHARENET

Wits Gold to provide up to R 950 million of new funding by means of a loan ("Wits Gold Loan"), over time, as working capital to support the production plan; o Wits Gold Loan attracts interest at JIBAR +4%; o Wits Gold Loan to be repaid first: 90% free cash to Wits Gold Loan; 10% to Southgold Debt...

Great Basin Gold Ltd. (fka GBGLF): Burnstone was ...

An option on the mine was acquired by Wits Gold who in turn was acquired by Sibanye Gold. In 2015 Sibanye Gold completed a feasibility study which envisaged production of 100 120koz/a over a 23 year mine life. Capital expenditure was estimated at billion for life of ....

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Sibanye Gold to Acquire Stillwater Mining for 22, Sibanye Gold to Acquire Stillwater Mining for 22, Mining Company in connection with the proposed sale of Stillwater to Sibanye Gold Limited for .......

Lifeline for Burnstone mining operations Fin24

The proposed plan provides for the transfer to Wits Gold or its designee of all the shares issued by Southgold. That plan was passed by the requisite majority of Southgold's creditors earlier on Monday and, if successfully implemented, will result in the saving of the Burnstone mine....

FIRST REPORT OF THE RECEIVER FTI Consulting

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 ")....

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elandsrand gold mine news. Kusasalethu is situated in the West Witwatersrand Basin and ... Gold Mining Company Ltd Fatality At ... Kusasalethu is a gold mine on the West Wits Line ... sibanye gold mine contact details . sibanye gold mine contact details ... SIBANYE GOLD (PTY) LTD ......

Sibanye Bids 39 Million for Wits Gold to Secure Beatrix ...

Dec 11, 2013· Wits Gold itself made an offer for a goldmining operation in July, bidding for Great Basin Gold Ltd.'s Burnstone mine to obtain its first bullionproducing asset....

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A recipe for rescuing gold mines? | Business | Business | MG

Van den Steen is involved in two other business rescues: Southgold Exploration Burnstone mine, owned by Canadianbased Great Basin Gold, and Top TV, which has run out of money two years after it ......

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 ......

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Firm intention by Sibanye Gold to make a cash offer to ...

Wits Gold 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 ......

Sibanye Proposes Acquisition of Wits Gold | E MJ

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 ....

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Wits Gold bullish on rights offer success Miningmx

May 29, 2013· Wits Gold has been connected with potential bids for the Burnstone mine in South Africa's Mpumalanga province, and Navachab, a mine in Namibia that has been identified by the current owner, AngloGold Ashanti, as a noncore asset....

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Wits Gold makes offer for Burnstone mine . AngloGold Ashanti's Savuka gold mine is situated in Gauteng, South Africa. . Savuka is part of AngloGold's West Wits operations ....