Supply constraint readies Wesizwe’s platinum project for renewed revving

JSE-listed platinum junior Wesizwe Platinum – which has been mulling sell, defer and self-fund scenarios for its Frischgewaagd-Ledig platinum mine project on the western limb of the Bushveld Complex – is now firmly convinced that the company...

Wesizwe Platinum wants to build new mine now to ‘catch recovery'

The management of JSE-listed Wesizwe Platinum is turning its back on its former sell, defer and self-fund options for the promising Frischgewaagd-Ledig platinum mine project and is instead recommending the finding of a local or foreign strategic...

Wesizwe investigating allegations against directors

Platinum junior Wesizwe Platinum had contracted Deloitte and Deneys Reitz to investigate allegations against two of its directors. Newly-elected Wesizwe chairperson Dawn Mokhobo said that the investigation would serve as an expansion of a review...

Troubled platinum junior tightens governance, elects new chair

Troubled platinum junior Wesizwe has restructured its board, tightened its corporate governance framework and elected Dawn Mokhobo as its new chairperson. Temporarily ousted Mokhobo was one of the several directors reinstated at Wesizwe's raucous...

Sacked Wesizwe CEO scrapes back in pyrrhic victory

The sacked former CEO of junior Wesizwe Platinum has been reinstated in a pyrrhic victory that simultaneously exposed corporate governance issues and a polarised community shareholding. Michael Solomon got his job back by a slender 51,7% majority...

Daily podcast – November 13, 2009

The sacked directors of JSE-listed platinum junior Wesizwe withdraw their urgent court application; and International Ferro Metals will cogenerate its own electricity at a fraction of the proposed new Eskom tariffs.

Daily podcast – November 4, 2009

The South African government completes its review of the Mining Charter; and Wesizwe asks CEO Michael Solomon as well as fellow director Robert Rainey to step down "with immediate effect".

Wesizwe board asks founding CEO, director to step down

The board of platinum junior Wesizwe has asked the company's founding CEO Michael Solomon as well as fellow director Robert Rainey to step down "with immediate effect". A terse Stock Exchange News Service (Sens) announcement said that Wesizwe's...

Wesizwe announces board change

Platinum-miner Wesizwe Platinum on Monday announced that it had appointed Robert Rainey as an independant nonexecutive director, with effect from November 29.