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The Burnstone Mine is located about 80 km southeast of Johannesburg and just east of Balfour, in the Mpumalanga Province of the Republic of South Africa. Burnstone Mine is the first new mine to open in the Witwatersrand basin for more than 30 years. This low cost, long life, shallow mine with a targeted average annual production of 254,000 Au

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Jun 14, 20190183;32;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.

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website at ..sibanyegold . In terms of section 59(1) (b) of the Companies Act, 71 of (Southgold) to acquire Southgold, sole owner of the Burnstone gold mine and assets. The acquisition of Southgold subject to the fullment of certain outstanding conditions. 11.

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Typical of gold mining in South Africa, the project is estimated to have a lifespan of 25 years. The opening of other gold mining projects, such as the R1 billion Doornkop South Reef Mine expected to deliver 82.8 tonnes of gold within a 20 year period adds to the idea that

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