
Projects Sibanye-Stillwater
2022-5-10 · The Burnstone asset was acquired with the purchase of junior exploration company Wits Gold in July 2014. Burnstone, which was formerly operated as a mine until placed on care and maintenance in mid-2012, comprises two established shaft complexes, a 125,000 ton per month carbon-in-leach gold processing plant, tailings storage facility andSibanye Gold proposed acquisition of Wits Gold,2013-12-10 · 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 shifting its

Wits Gold is a junior looking to acquire Burnstone Mining
2013-3-4 · DBM will be a shallow underground mine comprising a vertical twin shaft system to 660 m “extremely shallow in South African gold mining terms” with average gold production expected to be 200 000 ozpa over an 18-year life of mine (LOM). Production is expected to peak at 246 777 oz at 5.5 g/t during year nine and first gold productionWits Gold to bid for Burnstone Miningreview,2013-3-22 · 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 company is also keen to bid for

R2.3bn to be spent on Burnstone gold project Sibanye
2021-3-5 · 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.Wits Gold delivered on a plate to Sibanye Miningmx,2014-1-7 · 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.

Wits Gold looks for operating gold asset, possibly
2013-2-21 · The company’s most advanced exploration project, DBM, will be a shallow underground mine comprising a vertical twin shaft system to 660 m extremely shallow in South African gold mining terms with average gold production expected to be 200 000 ozpa over an 18-year life of mine. Production is expected to peak at 246 777 oz at 5.5 g/t duringFailure at Burnstone will ruin Wits Gold: Kotze Miningmx,2013-7-5 · David McKay. -. Jul 5, 2013. [ miningmx] 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. “If we fail at Burnstone, then that’s the

Wits Gold tables Burnstone offer
2013-7-8 · Wits Gold will also advance as much as R950 million to Southgold through a shareholder loan at 400 basis points, or 4 percentage points, over the three-month Johannesburg interbank agreed rat.Witwatersrand Consolidated Gold Resources Limited (Wits ,2012-8-21 · Witwatersrand Consolidated Gold Resources has launched full feasibility studies into the development of the 100%-owned De Bron-Merriespruit gold project 6km south of Virginia in the southern Free State goldfield, South Africa. The new study by Turgis Mining Consultants follows the DBM project’s positive prefeasibility study outlined a shallow deposit starting at

Wits Gold is a junior looking to acquire Burnstone Mining
2013-3-4 · DBM will be a shallow underground mine comprising a vertical twin shaft system to 660 m “extremely shallow in South African gold mining terms” with average gold production expected to be 200 000 ozpa over an 18-year life of mine (LOM). Production is expected to peak at 246 777 oz at 5.5 g/t during year nine and first gold productionFailure at Burnstone will ruin Wits Gold: Kotze,2013-7-5 · David McKay. -. Jul 5, 2013. [ miningmx] 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

Wits Gold bids for Burnstone, decision expected next week
2013-7-5 · Wits Gold expected to take control of the operation which has more than six-million ounces of gold in proven and probable reserves and a forecast life-of-mine upwards of 25 years Wits Gold tables Burnstone offer,2013-7-8 · Wits Gold will also advance as much as R950 million to Southgold through a shareholder loan at 400 basis points, or 4 percentage points, over the three-month Johannesburg interbank agreed rat.

R2.3bn to be spent on Burnstone gold project Sibanye
2021-3-5 · 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.Wits Gold bids for Burnstone, decision expected next week,2013-7-5 · Wits Gold expected to take control of the operation which has more than six-million ounces of gold in proven and probable reserves and a forecast life-of-mine upwards of 25 years

Sibanye Proposes Acquisition of Wits Gold E & MJ
2020-4-8 · 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 on the South Rand goldfield. Southgold is currentlyManufactured capital and intellectual capital Sibanye ,All the outstanding conditions precedent were met on 1 July 2014, and Sibanye, through the acquisition of Wits Gold, took control (100%) of Burnstone from that date, also the date on which SGEO came out of business rescue. reduction of 392 employees in the Cooke 4 mining employee complement (approximately 16% of a total of 2,403 employees);

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 R4.5 billion Facilities. On various dates during 2014, Sibanye made additional drawdowns of R500 million and, on 18 December 2014, SibanyeHistory Sibanye-Stillwater,2022-5-12 · History. Since its initial establishment in 2013, Sibanye-Stillwater has grown and diversified significantly both geographically and by metal produced. The Group has advanced from its fledgling years as a single commodity,

Manufactured capital and intellectual capital Business
All the outstanding conditions precedent were met on 1 July 2014, and Sibanye, through the acquisition of Wits Gold, took control (100%) of Burnstone from that date, also the date on which SGEO came out of business rescue. reduction of 392 employees in the Cooke 4 mining employee complement (approximately 16% of a total of 2,403 employees);A PROUDLY SOUTH AFRICAN MINING COMPANY,2014-4-24 · Wits Gold transaction completed after quarter end on 14 April 2014; Option exercised to acquire the Burnstone assets; Assumed interim management of the Cooke underground and surface operations from 1 March 2014. United States Dollars Key Statistics South African Rand Quarter Quarter March 2013 Dec 2013 March 2014 March 2014

Seismic delineation of the gold‐bearing structures in the
ABSTRACT To better image complex geological structures and explore for the gold-bearing quartz pebble conglomerate (locally termed Kimberley Reef) near Burnstone mine in the South Rand School of Geosciences, University of the Witwatersrand Johannesburg, PBag 3, Wits, 2050 Republic of South Africa. Search for more papers by this author.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 R4.5 billion Facilities. On various dates during 2014, Sibanye made additional drawdowns of R500 million and, on 18 December 2014, Sibanye

Sibanye makes R407m offer for Wits Gold iol.co.za
2013-12-11 · Wits Gold jumped 33 percent in Johannesburg trading, the biggest intraday gain in a year, to 10.90 rand as of 10:12 a.m. local time. Sibanye rose 1.6 percent to 12.88 rand.West Wits Mining Limited up 31% following “milestone” ,2021-7-20 · Together, the environmental approval and mining right position West Wits to mine in a major, globally renowned gold region, which has historically produced more

FIRST REPORT OF THE RECEIVER FTI Consulting
2013-12-23 · a) Gold Receipts from the Burnstone mine totaled $936,519. $716,695 of these . Great Basin Gold Limited Receipts & Disbursements for the period of June 28, 2013 to Dec 13, 2013 (USD 000's) Burnstone Cash Inflow Note Gold Receipts $ 937 a Revenue to Copper Eagle $ (717) a Interest & Other Inflows $ 1,173Gold Digger: Gold M&A is heating up. Which junior is the ,2021-10-8 · Mid cap goldie Westgold (ASX:WGX) has also made an unsolicited move on small miner GCY, which expects to produce between 70,000 and 80,000 ounces of gold at AISC of $1,600 to $1,700 per ounce for FY22. A successful takeover bid would create Australia’s 5th largest gold producer (with pro forma FY22 production of ~350,000oz of gold), $680m

Second-hand gold mines' rising shine The Mail & Guardian
2014-1-10 · Investors in gold shares had a hard time last year with the JSE gold index closing down 54.6%, after losing 18.4% in 2012, although Major said Overview 2014 Integrated Annual Report ,Sibanye is the largest individual producer of gold from South Africa and is one of the world’s 10 largest gold producers. In 2014, the Group produced 49,432kg (2013: 44,474kg) or 1.59Moz (2013: 1.43Moz) of gold at an All-in cost of