Posts Tagged ‘wesizwe’

JSE-listed Wesizwe Platinum’s Frischgewaagd-Ledig platinum-group metals (PGMs) project, in the Western Bushveld Complex, is moving forward with the next step – the start of civil works. The civil works will include collaring on the main and Full story

It has been reported that Wesizwe Platinum shareholders gave the thumbs up to a R6-billion transaction in which a Chinese consortium, Jinchuan Group, China-Africa Development Fund and Micawber 809, will purchase a 51 percent stake in the company. Topics: Full story

JOHANNESBURG (miningweekly.com) Canadian junior Platinum Group Metals (PTM) on Thursday deposited R408-million into an escrow account to secure an additional stake from Wesizwe in Project 1, near Rustenburg. Following a deal with Anglo Platinum Full story

After a traumatic year and boardroom upheavals, Wesizwe Platinum ends 2010 on a USD 877m funding package high note. Full story

WESIZWE shares rose up to 7% in early trading on the JSE on Friday, following an announcement that the takeover deal struck with a Chinese mining and finance consortium in May had been confirmed. Over the course of 2010, Wesizwe shares slumped from Full story

JOHANNESBURG (miningweekly.com) – JSE-listed Wesizwe Platinum expects to report basic earnings a share of between 49c and 51c when it releases its half-year results next week. Wesizwe, which is developing the Frischgewaagd-Ledig project, reported a Full story

JOHANNESBURG (miningweekly.com) – Mike Rogers has resigned as a nonexecutive director of Wesizwe Platinum, the JSE-listed company reported on Friday. Rogers stepped down following a conflict of interests resulting from his appointment to a company with Full story

A Chinese consortium has taken a 51% interest in South African platinum producer Wesizwe Platinum. The purchase by the consortium, which comprises Jinchuan Group and the China-Africa Development Fund (CADF), will help finance Wesizwe’s Full story

JOHANNESBURG (miningweekly.com) – South African junior miner Wesizwe Platinum on Wednesday cleared its outgoing CEO Mike Solomon of all allegations sprouting from an internal audit report in November 2009, through a forensic audit carried out by Full story

Chinese investors have secured a deal to acquire control of Wesizwe Platinum in a package valued at almost US$878 million Full story