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Wits Gold Takeover Of Burnstone Mine

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Projects Sibanye-Stillwater

Mar 12, 2021 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

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Presentation: Acquisition of Wits Gold

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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Wits Gold Acquires Burnstone Mine E & MJ

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

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Remember Burnstone Mining Mirror Online

Apr 05, 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 years.

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Wits Gold delivered on a plate to Sibanye Miningmx

Jan 07, 2014 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.

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Great Basin buys time as suitors mull Burnstone Miningmx

Sep 19, 2012 Burnstone. Interestingly, Wits Gold’s share price has been under significant pressure for much of the week despite the improvement in the gold price. Analysts believe Great Basin’s days are numbered. “n the unlikely event that there is a full takeover of these operations, we believe there is not much in value that will be

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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 extensive due diligence, Siba nye indicated its intention to exercise the option to acquire

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Wits Gold to bid for Burnstone Miningreview

Mar 22, 2013 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 AngloGold

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Burnstone Gold Mine Wikimapia

About Burnstone Mine The Burnstone Property is located in the South Rand area of the Witwatersrand Goldfields, approximately 50 miles (80 kilometers) southeast of the city of Johannesburg and near the town of Balfour. The Burnstone Project has received all of the required permits to complete the development of the mine and commence full-scale underground mining. Block B and Block C,

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Witwatersrand Consolidated Gold Resources Limited (Wits

Witwatersrand Consolidated Gold Resources has assured shareholders that the failure of the combined Wits Gold-Pan African Resources to purchase Evander Gold Mines in South Africa is not the end of its gold mining ambitions. The 50-50 consortium offer to Harmony Gold Mining was terminated by mutual agreement between the parties on May 30.

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[randpic] Projects Sibanye-Stillwater Mar 12, 2021 We acquired the Burnstone assets on our acquisition of Wits Gold in July 2014. The assets,

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