Our Business

Our business is mainly focused on the successful development of BPM for the Shareholders benefit, and more importantly to ensure value add towards our Host Communities.

The mine access is through twin vertical shafts system and 6 m raise bore ventilation holes to 72 level (72L). The 6 m raise bore holes are for up-cast ventilation purposes. The third shaft is intended for support functions, added ventilation and as an escape route. The main shaft is intended to have a hoisting capacity of 255 000 tpm of ore and 15 000 tpm of waste per month. An initial 230 000 tpm will be mined from the MR, with 20 000 tpm coming from the secondary UG2 Reef. After the MR is depleted (between 10 to 15 years from the start of production), the full 255 000 tpm will comprise UG2 ore only.

The MR and the UG2 ore will be mined through semi-mechanised or hybrid methods using conventional methods on the face and mechanised ore-handling and development.

 

Our Value proposition and strategy.

 “Wesizwe is focused on high –value PGM and strategic metals that have long –term demand”

In 2003 the Group’s initial shareholders identified available and virgin portion of the Merensky and UG2 Reefs within the Bushveld Complex of the Northwest Province that could be mined over a period of 30-35 years. The potential to realise enormous benefits for shareholders, stakeholders, and the local communities, included the potential creation of thousands of new jobs and would introduce a host of other benefits to the local and national economy. The costs of developing and operating such a mine were assessed against the global demand forecast for PGMs over four decades.

The project was assessed by the Jinchuan Group Co. Limited (Jinchuan) and the China Africa Development Fund (CADFund), both joining as shareholders and strategic investors (the China Africa Jinchuan Investments Limited (CAJIL) consortium).

This consortium has since invested equity and debt capital as well as expertise into Wesizwe towards the development of the BPM. Jinchuan is the world’s third largest cobalt manufacturing enterprise and third largest nickel manufacturer. It is also Asia’s first largest platinum manufacturer and China’s third largest copper

producer, As the Chinese leader in the production of platinum, cobalt and nickel, it has much experience and knowledge to share particularly because nickel mining in practice is similar to that of platinum mining. Jinchuan therefore adds its vast mining expertise and local mining skills to our Board, inclusive of providing specialist mining support from its China operations.

Founded in 2007, the CADFund supports Chinese companies that wish to enter the African market. It bridges the gap between free aid and loans, without increasing the debt burden to African countries, by identifying high-potential projects that require stable support to become profitable.

 

Business strategy

Wesizwe is focused on high-value PGM and strategic metals that have long-term demand and will enable the Group to develop into a sustainable mid-tier mining house. Our anchor project is the BPM with a LOM of 30 – 35 years.CAJIL, our Chinese consortium shareholder, along with other Chinese mining professionals, fulfill the positions of deputy Chairman, CEO, Financial Director and non-executive Directors on the Board, all of whom are highly influential in developing the Group strategy.

 

BBBEE


Our obligations linked to the mining right granted in terms of section 23 of the Minerals and Petroleum Resources Development Act (MPRDA), No 28 of 2002, have been fully discharged. We have taken into account our obligations arising from the Broad-based Socio Economic Empowerment Charter for the South African Mining and Minerals Industry (Mining Charter) released by the Department of Mineral Resources(DMR) in September 2018. We will also endeavor to ensure aligning our transformation strategy to the implementation guidelines of the Mining Charter as issued by the DMR in December 2018.

 

Sustainable development strategy


Our extensive sustainable development strategy is implemented in parallel with the BPM development and its supporting infrastructure. This strategy aims to align the legitimate concerns and needs of all key stakeholders with social, environmental, and financial outcomes resulting from the mine’s activities.