Wesizwe - About us
By Dawn Mokhobo, Chairperson of Wesizwe Platinum
Chairman’s Message By Dawn Mokhobo. While it may no longer dominate the South African economy as it did a few decades ago, the mining industry remains a key source of income for many, despite the many job losses in this sector. All is not lost as many mining houses are looking into appropriate risk management strategies to weather currency and volatilities during this crucial time. BPM has been at an advantage in the sense that we only started construction in 2012, and we were able to evade the negative effects of the weakening price of PGM over the years, but that doesn’t mean we are in the clear. And to make sure we stay on an advantageous position in the market, we have optimized our production plan to a modular approach which will allow us to reach our first steady state of production in 2021. We have made some impressing developments over the past year that include; · Licensing the main shaft that is being utilized to ferry personnel, materials and rock. · Appointed the Capital Footprint Developer (CC5C), who formally established site and commenced with their first blast in July 2018. · Completed the loading facility automation and the surface headgear bin to the transfer gear. Industry Outlook The past couple of years has been tough for the South African mining industry due to the drop in the price of PGM that has seen many other mining houses forced into retrenchments and closing of shafts. We have been advantaged by amending our approach, which enabled us to endure, to adapt and to be ever-mindful of the employees, the communities, the environment and all other stakeholders and shareholders. Environmental Outlook BPM takes an integrated approach to environmental management demonstrating a responsible attitude to all the resources required during the ...
Investing in African Mining Requires a Long Term Perspective
An opinion piece by Ms Dawn Mokhobo, Chairperson of Wesizwe Platinum Limited
At this year´s Mining Indaba which ended this week, the focus of debate was firmly on finding ways to encourage the global mining sector to continue to invest not just in South Africa, but across the African continent as a whole. This call to action came against a backdrop of difficult sectoral challenges and a considerable amount of recent turmoil for the mining industry in this country over the past year, still reeling from the impact of plummeting resource prices, crippling strike action and the consequences of the Marikana disaster. However, when the Minister of Mineral Resources, Susan Shabangu, urged all parties to work together to ensure that the mining sector becomes a destination of choice for overseas investment, it rang a particularly pertinent and timeous note. As Chairperson of Wesizwe Platinum Limited, I represent a unique Chinese/South African mining joint venture that this month announced the confirmation of a US$ 650 million loan from the China Development Bank for the development of its Bakubung Platinum Mine project, located in the Western Limb of the Bushveld Complex, close to Rustenburg. The confirmation of this significant new funding arrangement for Wesizwe´s flagship project represents the first of several important milestones to be reached and announced this year and demonstrates the level of confidence in the project, and in the future of the South African mining industry, on the part of our Chinese shareholders, Jinchuan and the China-Africa Development Fund. This is not only good news for Wesizwe, as a company with a firm intent to become a significant mid-tier precious metals producer, but it also sends a positive signal to the country´s mining industry as a whole during what is undoubtedly a challenging period of time in its history. The Minister´s reaffirmation of the country's attitude and policy towards nationalisation not ...