South Deep is a long-life, developing deep-level gold mine operating at between 2,000 and 3,000 meters below surface and production at the mine began in 1961 and South Deep has a projected mine life of 70 years. The property covers an area of 2,469 hectares of surface (freehold) land and 3,563 hectares of continuous mineral rights. .
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More DetailsBy: Christy van der Merwe 3rd October 2008 JSE-listed DRDGold South Africa would acquire a further 15% stake in the Elsburg gold mining joint venture (JV) for R100-million, the company said on ...
More Details· The Elsburg Gold Mining Company merged with Western Areas Gold Mining Company Limited on 1 July 1974 to become part of a larger Western Areas Gold Mining Company. ... Gold Fields Limited acquired Barricks'' 50% JV interest in the PDWA JV on 1 December 2006. 2007: Gold Fields acquired all remaining WAL shares on 10 April 2007 and consequently ...
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More Details· Whilst the Elsburg Gold Mining Joint Venture was constituted through the structure of a 50:50 joint venture agreement, the ERGO JV was consummated through the creation of a 50:50 joint venture entity namely Ergo Mining (Pty) Limited. The ERGO JV plans to explore, evaluate and process up to 1.7 billion tonnes of surface gold, uranium and sulphur ...
More DetailsErgo Gold achieves against set milestones T he development of the Elsburg JV (Phase 1 of the Ergo project), is progressing in line with the milestones set in place when DRDGOLD first entered into a 50:50 JV with former partner Mintails. Following DRDGOLD''s acquisition of the remaining 35% stake in the gold component of the Elsburg JV in
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More Detailsadditional 15% interest in the Elsburg Joint Venture from Mintails, through Mogale Gold, for a cash consideration of R100 million and that ERPM had been granted an option to acquire a further 11.4% interest in the Elsburg Joint Venture for R75.9 million.
More DetailsIntroduction to South Deep mine This mine dates back to the 50''s • 1950: Prospecting in the area commenced • 1959: Mining lease application made, Western Areas Gold Mining Company Limited (WAGM) incorporated on 8 September 1959 • 1961: Johannesburg Consolidated Investment Company Limited formed a prospecting consortium • 1974: The Elsburg Gold Mining Company merged with …
More Detailsand any members of the Borrower''s Group holds in the Elsburg Gold Mining Joint Venture(Elsburg JV) between East Rand Proprietary Mines Limited (ERPM) and Mogale Gold (Pty) Limited (Mogale Gold) and Ergo Mining (Pty) Limited (Company No 2007/004886/07) (Ergo Mining); and
More DetailsThe best addresses for Ores And Minerals Wholesale in Brakpan - (There are 04 results for your search.), Find a professional or a company easily in the area : The best addresses for Ores And Minerals Wholesale in Brakpan, On this page : Engen - Brakpan North, Gravelotte Gold, Blue Hawk Tactical, Elsburg Gold Mining Joint Venture
More DetailsThe name of the joint venture shall be the " Elsburg Gold Mining Joint Venture " or such. other name as the EXECUTIVE COMMITTEE may from time to time, in writing, determine. 5. Commencement and Duration. Subject to the arrival of the CLOSING DATE, the ELSBURG JV shall be deemed to.
More DetailsMining JV will be applied, amongst other, to execute the pre-feasibility study undertaken by The Ergo Mining JV to further evaluate the Uranium and asset production potential of its resources. We are pleased to have reached the completion of the sale of The Elsburg JV …
More DetailsBy: Christy van der Merwe 3rd October 2008 JSE-listed DRDGold South Africa would acquire a further 15% stake in the Elsburg gold mining joint venture (JV) for R100-million, the company said on ...
More Details1974: The Elsburg Gold Mining Company merged with Western Areas Gold Mining Company Limited 1990: Western Areas Gold Mining Company Limited shareholders approved the transfer, cession and assignment of certain land and mineral rights to South Deep Exploration Company Limited in …
More DetailsSouth Deep is a medium to deep-level gold mine that operates one gold plant and is accessed from surface through two shaft systems; the Twin Shaft Complex (Main Shaft) and the South Shaft Complex. South Deep has been subdivided into two main areas, namely that above current infrastructure to 110 Level (2,888 mbs), and that below current ...
More Details· Results of general meeting 01 April 2009. The company is pleased to announce that, at the general meeting held yesterday to consider the acquisition by the DRDGOLD group of the 50% interest held by the Mintails group in the Elsburg Gold Mining Joint Venture ("the transaction"), all the resolutions were passed by the requisite majorities of votes.
More DetailsThe South Deep gold mine, located in Gauteng Province of South Africa, is one of the world''s biggest gold mines. It is also the seventh deepest mine in the world with a depth of 2,995m below the surface. It has a mine life of 75 years. The underground gold mine also has a large resource base of uranium.
More Details· The Elsburg venture was established in June 2007 as a 50:50 JV to process tailings on the East Rand to recover gold. In November last year, the two companies formed the larger Ergo JV, which contains up to 1,7-billion tons of surface gold, uranium and sulphur bearing tailings from the East and Central Rand goldfields of South Africa.
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More Details· Mintails sells Elsburg gold stake for $27m. Mintails Limited ( ASX:MLI) announced today that it had signed a binding Heads of Agreement with …
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More DetailsElsburg consolidated into Western Areas Gold Mining 1980 Recognition that orebody had potential for mechanised mining 1990 South Deep Exploration formed to raise funds for continued exploration 1995 Western Areas Gold Mining and South Deep Exploration Company merged. Shaft sinking commenced 1999 Placer Dome/Western Areas joint venture formed to ...
More Detailselsburg gold mine mines crusher for sale. gold claims and placer gold claims for sale, mining equipment for sale, sliuce boxes, trommels SOLD MINING CLAIMS & OTHER MINING STUFF Here is a just partical sold list of some of the mining properties and other items that have been listed on the website over the past while.
More Details· Company Announcement: Acquisition By DRDGold Sa Of Additional 15% Interest In Elsburg Gold Mining Joint Venture 3rd October 2008 SAVE THIS ARTICLE EMAIL THIS ARTICLE
More Details· Ergo Mining, which is a 50/50 joint venture between DRDgold and Australian company Mintails, symbolises a comeback for tailings retreatment in South Africa. When the original Ergo, one of AngloGold Ashanti''s five major divisions in South Africa at the time, shut down due to low gold prices, rising costs and diminishing reserves, it looked as if surface retreatment of old gold tailings in ...
More Details1.2.6. "Elsburg JV" means an unincorporated joint venture between DRDGold and ERPM established in terms of the Heads of Agreement between them dated 8 December 2008; 1.2.7. "ERGO" means Ergo Mining Operations Proprietary Limited, Registration No. 2005/033662/07; 1.2.8. "ERGO Shareholders'' Agreement" means the shareholders'' agreement
More Details1.1.16 "ELSBURG JV" shall mean Elsburg Gold Mining Joint Venture, the participants whereunder and their proportionate joint venture. Page 8 interests are as at the EFFECTIVE DATE and will be as at the CLOSING DATE, as follows:-1.1.16.1 MOGALE - 50% (fifty per centum); and 1.1.16.2 ERPM - …
More DetailsStock analysis for Elsburg Gold Mining Co Ltd (ELSBY) including stock price, stock chart, company news, key statistics, fundamentals and company profile.
More DetailsThe President Steyn-Videofree Gold S. Mine is near Welkom, South Africa. The President Steyn-Videofree Gold S. Mine is a underground mining operation. Initial production took place in 1954 and overall output was considered to be large size. Mine operations consist of …
More DetailsElsburg South Shaft, Western Areas gold mine, Westonaria, West Rand District Municipality, Gauteng, South Africa : SUPPORT US . Covid-19 has significantly affected our fundraising.
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