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  • Wits Gold Ltd zum alleinigen bevorzugten Bieter für die

    Witwatersrand Consolidated Gold Resources Limited gab kürzlich bekannt, der alleinige bevorzugte Bieter für die Burnstone-Mine in Südafrika zu sein Die zu Southgold Exploration (Pty) Limited.

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  • Wits Gold delivered on a plate to Sibanye

    Equally difficult to digest for Wits Gold was its growth target Burnstone which had been developed for a breathtaking $800m or R8bn by the now bankrupt Great Basin Gold Wits Gold had successfully bid for Burnstone from Great Basin’s liquidators offering R100 and offering to take over $1773m in bank debt owed by Southgold, Great Basin’s subsidiary.

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  • South Africa’s Sibanye offers to buy Wits Gold for US$39

    Recently, Wits Gold bid for Great Basin Gold’s Burnstone mine, which has been estimated to contain 64mn ounces of reserv “Burnstone enhances Sibanye’s existing production profile, even as we move towards shallower operations,” Froneman sa.

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  • Wits Gold preferred bidder for Burstone

    5/7/2013· Witwatersrand Consolidated Gold Resources (Wits Gold) was today announcement the sole preferred bidder for the Burnstone gold mining operation near Balfour, in South Africa’s Mpumalanga Province The announcement comes as no surprise Wits Gold CEO Philip Kotze has made so secret of his intentions to acquire a mine which will enable the company to move from an explorer and.

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  • burnstone gold mine south africa

    Remember Burnstone

    Sibanye Gold further believes that Wits Gold‘s offer for the Burnstone gold mining operation “Burnstone”) in South Africa’s Mpumalanga Province, which offer was included in the Southgold Exploration (Pty) Limited (“Southgold”) business rescue plan that was.

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  • Great Basin Gold Ltd (fka GBGLF): Burnstone burns

    Two months after the article appeared the deal collapsed in a heap, having failed to meet certain of its conditions precedent and, as it stands, Wits Gold is yet to mine an ounce of anything Once again a deal is on the table; this time with terms that appear greatly to favour Kotze’s Wits Gold.

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  • Great Basin Gold Burnstone Mine

    Operations at great basin golds burnstone mine in south africa have been suspended after the company failed to arrange working capitalburnstone lies within the witwatersrand goldfields in mpumalanga province, 80km southeast of johannesburgthe suspension.

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  • Wits Gold Acquires Burnstone Mine

    Wits Gold CEO Philip Kotze praised “a business plan for which we believe is realistic, deliverable, value accretive to Wits Gold shareholders to ensure maximum benefit” Wits Gold officials said 80% of the Burnstone mine’s capital has been spent to date, creating a strong platform for a re-rating of Wits Gold’s securities as the company moves from being an explorer to a producer.

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  • Detailed Further Cautionary Announcement Regarding

    it provides Wits Gold with access to cash flows generated by the Burnstone mine which is anticipated to accelerate development of other Wits Gold projects; 80% of the Burnstone mine's capital.

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  • Wits Gold is a junior looking to acquire Burnstone

    4/3/2013· The acquisition of Burnstone would immediately change Wits Gold’s status

    10/11/2020· We acquired the Burnstone assets on our acquisition of Wits Gold in July 2014 The assets, which were formerly operated as a mine until placed on care and maintenance in mid-2012, comprise two established shaft complexes, a 125,000 ton per month carbon-in-leach gold processing plant, tailings storage facility and related surface infrastructure and mining rights.

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  • Cock-a-hoop Wits Gold acquiring broke Burnstone for

    South African gold explorer turning producer

    15/7/2013· 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.

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  • Wits Gold is a junior looking to acquire Burnstone

    4/3/2013· The acquisition of Burnstone would immediately change Wits Gold’s status

    Burnstone 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.

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  • Detailed Further Cautionary Announcement Regarding

    it provides Wits Gold with access to cash flows generated by the Burnstone mine which is anticipated to accelerate development of other Wits Gold projects; 80% of the Burnstone mine's capital.

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  • Wits Gold to lend R950m in mine offer

    Witwatersrand Consolidated Gold Resources said it has made an offer for Great Basin Gold's Burnstone mine Shop @ Loot Drive360 Property360 Talent360 Voices360 The Young.

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

    As announced by Wits Gold on 5 July 2013, Wits Gold has an obligation to provide up to ZAR950 million over time as working capital to bring the Burnstone mine into production which includes an.

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  • Remember Burnstone

    5/4/2019· 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.

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  • Detailed Further Cautionary Announcement Regarding

    it provides Wits Gold with access to cash flows generated by the Burnstone mine which is anticipated to accelerate development of other Wits Gold projects; 80% of the Burnstone mine's capital.

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  • THE BURNSTONE PROJECT

    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 business rescue process • Following an.

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  • which company has bought gbg gold mine in balfour

    Burnstone Gold Mine Valuationuitvaartzorg-lenaerts Jul 08 2013 Johannesburg South Africa --- 08 July 2013Witwatersrand Consolidated Gold Resources Limited (Wits Gold) has announced that it is the sole preferred bidder for the Burnstone gold mining.

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  • Wits Gold tables Burnstone offer

    Wits Gold made an offer for Great Basin Gold's Burnstone mine to give the company its first bullion-producing asset Great Basin Gold spent $800m (R815bn) of capital on the project, which could.

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