Wesizwe Platinum Limited is a public company incorporated in the Republic of South Africa with its shares listed on the JSE Limited.
Wesizwe, through its wholly-owned subsidiaries Bakubung Minerals and Africa Wide, is engaged in the development of its Frischgewaagd-Ledig Mine, located in the Western Limb of the Bushveld Complex, close to the town of Rustenburg in the North West Province of South Africa.
Following the conclusion of the financing transaction with a consortium made up of Chinese miner, Jinchuan, and the China Africa Development Fund (CADFund) in May 2011, the project is fully financed and de-risked until the mine reaches full production.
Furthermore, Wesizwe Platinum has a 26% interest in neighbouring Projects 1 and 3 of Maseve Investments 11 (Pty) Ltd. (“Maseve”) in partnership with Platinum Group Metals (RSA) (Pty) Ltd (“PTM”). In terms of the transaction in 2011, which saw PTM increase its stake to 74% with an injection of capital into Maseve on behalf of Wesizwe Platinum, the Company’s 26% contribution to project development is also fully funded.
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