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Thursday, July 21, 2016 8:09:27 PM
In 2015, R272 million was spent on completing the mine-dewatering pumping and rock hoisting infrastructure, and approximately 2km of development to access the ore body. The Board approved the project budget of R705 million for 2016 for the procurement of the additional mechanised mining fleet, for the development to access the ore body and additional infrastructure, as identified in the FS.
Approximately 4,500m of primary off-reef development is planned in 2016 to access the various mining blocks as well as 1,200m on-reef development in preparation for the first raise lines in 2017.
The three existing mechanised development fleets were refurbished in 2015 and an additional three fleets will be procured and delivered in 2016. A mechanised development fleet comprises one twin boom drill rig, one roof bolter, one LHD (load, haul, dump) machine, one or two dump trucks and a dedicated emulsion explosive charge-up utility vehicle....."
I wonder if any pertinent or new information will be provided on July 28th at 11:00 am?
Will Sibanye promptly .......
Meeting at .... "...11:00 am on July 28, 2016 at the STRATEGIC UPDATE AT THE SIBANYE ACADEMY
Burnstone Project update – Richard Stewart, Sibanye EVP: Business Development ..."
Why is the SEC getting involved in ....
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