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Great Basin Gold denies report

June 15 2012 at 02:07pm

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Reuters.

JSE-listed gold miner Great Basin Gold (GBG) on Monday denied reports the Canadian-based miner has partnered with the Zimbabwe Mining Development Corporation to reopen the dormant Kamativi tin mine in Zimbabwe.

“Great Basin Gold would like state that there is no truth to the article published by the Metal Bulletin on June 14‚ in which it was reported that Burnstone Mine was successful in the bid to reopen the Kamativi Tin Mine in Zimbabwe‚” the company said.

Metal Bulletin reported that Burnstone Mine‚ the SA-based subsidiary of Great Basin Gold‚ won the bid to partner the ZMDC mine to reopen the Kamativi Tin Mine‚ and quoted Zimbabwe’s deputy minister of mines‚ Gift Chimanikire‚ as saying that the company would invest more than R2bn to revive the tin operation.

The Kamativi Mine was shutdown in 1994‚ due to low metal prices. Before its closure‚ Kamativi‚ which comprise of underground and open pit mines‚ produced about 100 tonnes of tin per month. - I-Net Bridge


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