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Burnstone is located in the South Rand Basin, a subsidiary of the main Witwatersrand Basin. The gold-bearing target UK9 Reef of the Kimberley Formation, occurs in the Central Rand Group of rocks. This reef lies between the outcrop and a depth …
2007-7-5 · Since the initial feasibility report filed in May 2006, additional surface exploration drilling and mine planning has taken place. Inclusion of Area 2 for consideration of mining, and expansion of Area 1 have increased the available ounces of gold that can be accessed for development and extraction at the Burnstone Project from 2.4
2020-4-8 · The Burnstone project is designed to produce an average of 254,000 oz/y of gold at cash costs of $392/oz over a 19-year mine life. The Burnstone project has proven and probable gold reserves of 4.1 million oz and resources of 12.1 million oz. Capital expenditure to develop the project is expected to come in at $293 million.
2020-4-8 · The mine has 6.4 million oz of reserves and a 21.7-million-oz resource. Nell said Burnstone is a high-risk asset that is difficult to mine because of very thin channel widths and highly carbonaceous rock, with a high-dilution risk.
2021-12-30 · Sibanye-Stillwater is committed to the safe and environmentally responsible stewardship of our tailings storage facilities. Tailings facilities store a mine''s primary waste stream. Without proper management, these facilities can pose a significant risk to the natural and social environment. Catastrophic tailings facility failures can devastate the environment and …
2019-4-1 · Sibanye -Stillwater Burnstone Gold Mine 17-0916 28 March 2019 Page iv As a result of Sibanye proposing to commence with mining at Burnstone, additional water uses have been identified that require authorisation in terms of Section 21 of the NWA. The
Great Basin Gold Burnstone Mine Dust Abatement. Sep 11, 2014· At Great Basin Gold Burnstone Mine located near Balfour in South Africa, the main traffic areas within the mine had become overcome by fugitive and windborne dust making mine dust abatement/suppression a requirement.Soil & Dust Solutions was called in and Durasolution was applied over a total area …
2013-3-19 · Great Basin Gold is ''going through the motions'' necessary for a company who cannot sustain its current business model and is progressing towards insolvency.. Having mothballed its South Africa-based Burnstone gold operation in September last year, and downscaled its Canada-based Hollister mine to an insignificant three year lifespan operation, it has no alternative …
2012-10-1 · Burnstone mine or the South African offices. [19] Due to some unforeseen ramp-up challenges, the Burnstone mine failed to meet certain production amounts. This, in turn, led to working capital deficits. As a result, GBG announced that it was suspending operations at the Burnstone mine on September 11, 2012.
2012-9-12 · Canadian gold miner Great Basin Gold on Tuesday confirmed speculation that it had decided to suspend all operations at its Burnstone mine, located in South Africa, saying it …
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.
2019-4-5 · Burnstone looked impressive indeed. However, when we visited the mine about a year later, at the start of 2012, the group was noticeably smaller, …
Burnstone mine - overview • Designed as a shallow (~250m to ~1,000m), semi-mechanised mine • Mine construction started in 2006 • Mine infrastructure is 90% complete • Complete metallurgical plant with a nameplate capacity of 125,000tpm • Total capital expenditure on the op eration has been in excess of US$500m
2020-7-17 · mining. In addition to the above costs which impacted AISC, royalties for the SA operations (excluding DRDGOLD) and community costs increased by 93% to R142 million and 138% to R135 million respectively. This solid operational performance together with a 43% higher average gold price received of R924,764/kg (US$1,747/
2013-3-4 · A junior mining company with exploration assets aspires to one thing: to become a producer as quickly as possible. South African gold company Wits Gold intends to do just that with its DBM project and is working to achieve production and growth quickly, writes Laura Cornish.. Like most juniors, regardless of commodity focus, taking an asset from exploration through to …
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 …
Company Profile : Great Basin Gold Ltd(GBS.F) • Great Basin Gold is developing mining assets in two of the world''s richest gold environments -- the Witwatersrand Basin of South Africa and the Carlin Trend of Nevada, USA, positioning the Company to grow substantially in value as it progresses towards its goal of becoming a low-cost mid-tier gold producer. • 24hGold
2019-4-5 · Burnstone looked impressive indeed. However, when we visited the mine about a year later, at the start of 2012, the group was noticeably smaller, and it was clear that the mining team had run into some trouble. The visit was …
2016-12-2 · The Burnstone project feasibility study was approved by the Sibanye Board for project execution in November 2015. The project is planned with eight years'' steady-state production, averaging 125koz per annum, from an initial 23-year life-of-mine plan, yielding 1.73Moz of gold production from the feasibility resource of 5.7Moz.
2020-12-31 · The Zondernaam project is an early stage exploration project situated along the northern part of the eastern limb of the Bushveld Complex, about 35km east of Lebowakgomo, Limpopo province, which is a joint venture between Sibanye-Stillwater (74%) and Bakgaga Mining (26%), comprises seven contiguous farms to the north of the Phosiri dome and to the …
2014-6-6 · Johannesburg- and New York-listed Sibanye Gold was reviewing options to bring the idled Burnstone mine back to life from a "zero base", in a R7-million deal senior VP for business development ...
At 31 December 2015, Sibanye had issued share capital of 916,140,552 shares (2014: 898,840,196) –1,000,000,000 authorised – and market capitalisation of approximately R20.9 billion (2014: R20.3 billion) or US$1.3 billion (2014: US$1.8 billion). The Group''s diverse shareholder base predominantly comprises institutional investors in China ...
2017-11-22 · Claire van Zuylen, Partner at pan-African corporate law firm, Bowman Gilfillan, which acted for Standard Chartered Bank in London and Credit Suisse (AG), commented, "The restructuring will result in some 2 000 employees, who were initially retrenched in 2012 when the Burnstone mine went into care and maintenance, being re-employed at the mine when …
2011-12-19 · Dippenaar commented, "we are making good progress with increasing the rate of ore development required to increase the number of stopes available for mining at Burnstone. "The decision to increase the size of the mining blocks was the correct one with the resultant operational efficiencies already starting to show.
Credit Suisse AG and Standard Chartered Bank as South African and English legal counsel in respect of the ongoing refinancing and debt and equity restructure of the South African mining company, Sibanye Gold Eastern Operations Pty Ltd (previously Southgold Exploration Pty Ltd).
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 …
Accordingly, Tranter Burnstone has become the owner of the new Great Basin Gold shares, which represented an equivalent effective interest on a see-through basis of at least 26% in Great Basin Gold''s South African Burnstone project as required by the Mineral and Petroleum Resources Development Act, 2002, and the Mining Charter.
This mineral right does not relate to the application lodged for the New Order Mining Right applied for by Eersteling Gold Mine.. The Makhado hard coking and thermal coal project has been granted a New Order Mining Right.. Pre-development expenses for the Burnstone project were expensed until October 28, 2008 when the New Order Mining Right was received.
2011-10-24 · term availability of mining areas, but is expected to result in a number of positive benefits over the longer term exploitation of the ore body. We believe that our decision to utilize mechanized mining as the preferred mining method at Burnstone was the correct one, with the results starting to support this. The continued improvement in
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 …
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