GOLD 1578.15 $/ozChange: -13.66
PLATINUM 1462.50 $/ozChange: 3.00
R/$ exchange 8.26Change: 0.07
R/€ exchange 10.55Change: 0.09
 
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
powered by
Advanced Search
 
 
 
Home
 
Magazine
 
News This Week
 
 
LEGISLATION
Environmental approval clears way for Great Basin to start mining at Burnstone
 
6th March 2009
TEXT SIZE
Text Smaller Disabled Text Bigger
 

South Africa’s Minerals and Energy Department has approved Vancouver-based Great Basin Gold’s environmental plan for 
its Burnstone project, in Mpumalanga 
province.

Great Basin Gold said last week that it would now execute the mining rights granted in October last year to its 
wholly owned subsidiary, Southgold Explo-ration, to mine gold, silver and aggregate in the Burnstone area’s Area 1.

“This is another important milestone in the history of Great Basin Gold, as it clears the way for commercial mining at the Burnstone project,” CEO and president Ferdi Dippenaar said.

Great Basin Gold targets commercial mining by June 2010, he added.

The mining rights were valid for an initial 
period of 18 years from the date of execution; however, Great Basin Gold would apply 
for an extension of the licensing period, under the terms of the Mineral and Petroleum Resources Development Act, which made provision for the renewal of the mining 
licence for periods not exceeding 30 years at a time.

Edited by: Martin Zhuwakinyu

To subscribe to Mining Weekly's print magazine email subscriptions@creamermedia.co.za or buy now.

Subscribe Now Login
 
 
Topics in this article