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Remember Burnstone - Mining Mirror Online

Burnstone is about 80km south-east of Johannesburg, near the town of Balfour in Mpumalanga. At the time, it was owned by Canadian outfit Great Basin Gold (GBG). In January 2011, a large group of journalists and investors was welcomed with great fanfare at the opening of this state-of-the-art mining development. And it was impressive.

The Nuggets in Great Basin Gold: Interview with CEO ...

The Burnstone mine is a shallow, low cost and long life golden nugget for Great Basin Gold. For reserves and resources, recently in September 2010, Great Basin has …

Sibanye-Stillwater unveils platinum growth projects

Sibanye-Stillwater unveils R6.8bn growth projects in SA. Sibanye-Stillwater has pulled the trigger on capital investments worth approximately R6.8 billion in high return PGM and gold growth projects in South Africa. On 16 February 2021, the Sibanye-Stillwater board approved the development of the K4 and Klipfontein projects at the SA PGM ...

KPMG Proposed Monitors Report v19

gold mine and associated operations located on the Carlin Trend in Nevada, USA (hereinafter referred to as "Hollister" or the "Hollister Property"). We are advised that the Burnstone Property hosts proven and provable gold reserves of approximately 6 million ounces while Hollister hosts a proven reserve of approximately 500,000 ounces

An Overview Of Harmony Gold Mining Company Limited (NYSE ...

In the last trading session, 4.04 million Harmony Gold Mining Company Limited (NYSE:HMY) shares changed hands as the company's beta touched 1.08. With the company's per share price at $3.92 changed hands at -$0.06 or -1.51% during last session, the market valuation stood at $2.41B. HMY's last

ALS Group: Bulk Earthmoving | Harmony Gold | Great Basin ...

Contract nr.: BST 1089/11 Year: February 2011 - December 2011 Description: Load & Haul of reef and waste at Burnstone mine Contract value: R26.54 million Client: Great Basin Gold Haul distance: 14km

Wits Gold wins Burnstone gold-mine auction - Mining Journal

Witwatersrand Consolidated Gold Resources Ltd (Wits Gold) clinched a deal to acquire the Burnstone gold mine in South Africa's Mpumalanga province for a nominal...

Orca Gold's mine project not impacted by political unrest ...

1 The Block 14 project is considered to be one of the leading gold projects in Africa, with a net present value of over $1 billion at today's gold price. Orca Gold's mine project not impacted by ...

R2.3bn to be spent on Burnstone gold project – Sibanye ...

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 …

Major Mines & Projects | Burnstone Mine

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 of 1,300m below surface in the mining right area.

Burnstone gold mine project Report | Wood Mackenzie

Burnstone project 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 in turn was acquired by Sibanye Gold. Feasibility study on the gold project was completed in 2015, as project development started in 2016.

Burnstone Gold | Mining News

Burnstone Gold. 3SMedia | Mar 19, 2013. Did mechanised mining kill Great Basin Gold's Burnstone? 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 ...

Great Basin Gold Ltd.

Burnstone gold project in South Africa. Great ... We value the Company mainly on the net present value of its forecast share of operating cash flow from the Ivanhoe Project ($1.53 per share) and its Burnstone Project ($1.35 ... involved Thistle Mining, Great Basin Gold and Bema Gold …

Overview | 2014 Integrated Annual Report | Sibanye Gold ...

In 2014, the Group produced 49,432kg (2013: 44,474kg) or 1.59Moz (2013: 1.43Moz) of gold at an All-in cost of R375,854/kg (2013: R354,376/kg) or US$1,080/oz (2013: US$1,148/oz) and invested R3.3 billion (2013: R2.9 billion) in capital at its operations. In 2014, in line with our strategy to create value by extending the operating lives of Group ...

Affidavit 1 of M. Kane - KPMG International - KPMG Global

holding gold mining interests. GBGL was focused on two gold projects, the Burnstone gold mine located in South Africa ( "Burnstone"), and the Hollister gold mine and associated operations located in Nevada, USA ("Hollister"). In addition to Burnstone and Hollister, GBGL had interests in early stage mineral prospects located in Tanzania.

R2.3bn to be spent on Burnstone gold project – Sibanye ...

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.

GREAT BASIN ANNOUNCES SIGNING OF FINAL BEE …

An independent valuation was undertaken in February 2007 in relation to the relative value of Great Basin Gold's Burnstone project, located in the Witwatersrand Basin in the Balfour area in South Africa, and its Hollister Development Block project, located in the Carlin Trend in …

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

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

Tel : +27 (0) 11 301 1800. Fax : +27 (0) 11 301 1840. Email : [email protected] Ground Floor, 138 West Street, on, 2146, South Africa. Great Basin Gold Limited is an international mining company with two emerging mines in the world's richest gold regions: the Hollister Mine on the Carlin Trend in Nevada and the Burnstone Mine in the ...

Go to Market, Not the Vault for Gold Bargains: David Baker ...

Go to Market, Not the Vault for Gold Bargains: David Baker Source: Brian Sylvester of The Gold Report (1/4/12) .

Projects | Sibanye-Stillwater

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 and ...

The Project BURNSTONE is in PRODUCTION stage. Mining ...

Location of the Burnstone Project: The Burnstone gold property is located 80 km southeast of Johannesburg, near the town of Balfour. It lies in open, rolling country, traversed by major paved highways, railroads and power lines, providing excellent infrastructure for mineral development.

Project: Burnstone Mine | L2B

PPA 949 Potential development of an opencast gold mining operation in Balfour, 250m to 600m deep. Known as the Burnstone mine. Estimated project value: between

R2.3bn to be spent on Burnstone gold project – Sibanye ...

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 …

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 owns the Burnstone mine …

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, …

which company has bought gbg gold mine in balfour mpumalanga

which company has bought gbg gold mine in balfour. which company has bought gbg gold mine in balfour mpumalanga. Wits Gold 39;preparing bid for Burnstone39; Mining Business Day 20 Mar 2013Wits Gold has spent R20m on a diligence study of Burnstone, which mines the channelised Kimberley Reef near Balfour in Mpumalanga The hard work has been done by Great Basin .get price

BURNSTONE GOLD PROJECT: NUMBER 1 ... - Mining News …

The continued exploration has resulted in a 15% increase in proven and probable mineral reservesto 30 million tonnes grading 4.2 g/t at a 4 g/t gold cut-off1, and increasing the planned number of ounces to be mined from 3.5 million to 4.1 million ouncesover a mine life of 15 years.

Business performance | 2014 Integrated Annual Report ...

GOLD DEMAND AND SUPPLY IN 2014. In 2014, we produced 49,432kg (1.59Moz) – 2013: 44,474kg (1.43Moz) – of gold, generating gold sales revenue of R21.8 billion (2013: R19.3 billion). The average gold price received was R440,615/kg, up 1% year on year from R434,663/kg in 2013, despite a 10% decline in the average dollar gold price received.

Filed by sedaredgar.com - Great Basin Gold Ltd. - Exhibit 99.2

Under the framework agreement, Gold Fields Limited ("Gold Fields") and its subsidiary, GFL Mining Services Limited ("GFL") have agreed to sell to Great Basin Gold a net smelter royalty ("NSR") held by GFL on future gold production from the Burnstone Project for R80 million, which will extinguish Great Basin Gold Gold's obligation ...

R2.3bn to be spent on Burnstone gold project – Sibanye ...

JOHANNESBURG (miningweekly.com) – 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.

HOW TO VALUE A GOLD MINING COMPANY (DOWNLOAD …

As such, the value of the mine minus any liabilities is equal to the value of the company, otherwise known as Net Asset Value ("NAV"). Because a mine's economics is a set of cash flows in and out during a defined period of time, the best valuation approach to use is the Discounted Cash Flow ("DCF"), which the valuation model in this ...

Great Basin's Burnstone mine up and running - Miningmx

Jan 20, 2011. [ miningmx.com] — GREAT BASIN GOLD LIMITED Great Basin Gold said on Wednesday in a Q4 2010 production update that its Burnstone Mine in South Africa had commenced with. production build-up. Ferdi Dippenaar, President and CEO, said: "After nearly four and a half years, the Burnstone mine is up and running.".

processed gold gold in ram - torimatthews.us

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The Project BURNSTONE is in PRODUCTION stage. Mining ...

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.

Projects - Solrock Mining | Experts in the Mining Industry

Value: Kloof Ikamva 4 # Gold Mine (Sibanye Gold) Sinking of 1.2 km decline (10⁰), 3 km horizontal development, Equip 34⁰ incline raise bore shaft: 2016 – present: R 290 m: Burnstone Gold Mine (Sibanye Gold) Shaft refurbishment, install complete pump station and clarifier, including all piping and overhead cranes: 2014 – 2015: R50 m ...