JOHANNESBURG (miningweekly.com) – Platinum exploration and development company Wesizwe reported on Monday that Wenilang Ma, from the Chinese group Jinchuan, would take over from Jacques de Wet as the company’s financial director. De Wet would remain with the company in an advisory capacity.

Jinchuan and the China Africa Development Fund provided the aspiring platinum miner with equity funding of $227-million in exchange for a 45% stake, as well as a project finance facility of $650-million.

The company also announced that its corporate affairs director Mlibo Mgudlwa had resigned. Mgudlwa would continue to serve on Wesizwe’s board as a nonexecutive director.
 

To subscribe to Mining Weekly's print magazine email subscriptions@creamermedia.co.za or buy now.