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Wesizwe proceeds with development despite interim losses

By: Marleny Arnoldi     28th September 2018 JSE-listed Wesizwe Platinum swung to a R14.9-million loss for the six months ended June 30, from a R19-million profit in the first half of the prior year. The basic loss a share for the period was 0.92c, compared with earnings a share of 1.17c in the prior comparable period.  

Wesizwe to swing to H1 earnings loss

By: Marleny Arnoldi     27th September 2018 JSE-listed miner Wesizwe Platinum expects to report a basic loss a share attributable to ordinary shareholders of between 80c and R1.04 for the six months ended June 30. This represents a 168% to 188% decrease on the basic earnings a share of R1.17 reported for the prior comparable period.  

RBPlat raises R239m equity capital in bookbuild

By: Martin Creamer     27th September 2018 Platinum mining company Royal Bafokeng Platinum (RBPlat) on Thursday announced the closure of a bookbuild that will result in the private placing of R239-million worth of shares that is scheduled to begin on October 2. RBPlat announced the launch of the accelerated bookbuild offering of new... 

Wesizwe subsidiary institutes legal action, wants Maseve transaction declared unlawful

By: Nadine James     21st September 2018 Wesizwe Platinum subsidiary Africa Wide Mineral Prospecting and Exploration has instituted legal action against TSX-listed Platinum Group Metals’ (PTM’s) wholly-owned South African subsidiary, as well as Royal Bafokeng Platinum (RBPlat), seeking to have the Maseve transaction declared unlawful.... 

First phase at platinum mine project completed

6th April 2018 Project delivery and engineering consultancy company WorleyParsons RSA in December completed the first phase of platinum mining company Wesizwe Platinum's R10.7-billion Bakubung platinum mine project near Rustenburg in the North West. Wesizwe Platinum officially launched its flagship Bakubung... 

Consultancy to partner with black entrants as they acquire Tier 1 coal assets

By: Martin Creamer     26th January 2018 Project delivery and engineering consultancy WorleyParsons RSA is once again answering the call for transformation and broader economic participation of previously disadvantaged South Africans. The company’s latest initiative is black entrepreneur development in coal, which will be its key focus... 

Consultancy to partner with black entrants as they acquire Tier 1 coal assets 

By: Martin Creamer     26th January 2018 Project delivery and engineering consultancy WorleyParsons RSA is once again answering the call for transformation and broader economic participation of previously disadvantaged South Africans. The company’s latest initiative is black entrepreneur development in coal, which will be its key focus... 

Wesizwe continues to advance Bakubung development

By: Anine Kilian     29th September 2017 The development of JSE-listed Wesizwe Platinum’s Bakubung Platinum Mine (BPM) continues to progress in line with targeted milestones. The company, which late on Thursday reported its financial results for the six months to June 30, said the main shaft commissioning was nearly complete, with the... 

Challenges delay miner’s housing project

By: Nadine James     1st September 2017 The Gabonewe Housing Estate Development project, located near the town of Ledig in the North West province, has been delayed by various challenges, including cost constraints and stakeholder integration, says South African platinum group metals miner Wesizwe Platinum. Wesizwe’s Sustainable... 

Wesizwe appoints new FD

By: Megan van Wyngaardt     30th June 2017 JSE-listed Wesizwe Platinum has appointed Feng Tao FD, effective July 1. Tao, who holds an MBA from Schulich School of Business, York University, in the US, and a Bachelor of Law degree from Jilin University, Changchun, China, will fill the vacancy that was left open by the resignation of... 

Junior miners face greater challenges in current economic climate

By: Megan van Wyngaardt     9th June 2017 The global economic slowdown has had a significant impact on the local junior mining industry, Wesizwe Platinum projects executive Jacob Mothomogolo says, noting that it has resulted in low demand, low recoveries, rising input costs and companies losing market share and value. Speaking at the... 

Zhimin Li

By: Martin Creamer     19th May 2017 This week we feature Zhimin Li, CEO of Wesizwe Platinum, the R1.2-billion, 181-employee company that is developing a platinum mine in South Africa's North West province 

Miner ensuring skills base development on platinum belt

By: Marleny Arnoldi     5th May 2017 With the workforce on South Africa’s platinum belt ageing and the attraction of high-calibre candidates for employment being a challenge, platinum miner Wesizwe Platinum plans to boost its training initiatives and start construction of an accredited training facility by the end of the year.  

Wesizwe to report higher earnings for FY16

By: Megan van Wyngaardt     27th March 2017 Platinum miner Wesizwe Platinum, which is developing the Bakubung mine, near Rustenburg, expects to post improved results for the financial year to December 31, with basic earnings a share forecast to increase by 144% to 164%, to between 15.17c and 22.01c. This compares with the basic loss a... 

Wesizwe appoints new CEO as Gao steps down

By: Megan van Wyngaardt     15th February 2017 Jianke Gao has resigned as CEO and executive director of JSE-listed Wesizwe Platinum, effective February 14. He will officially leave the company within two months. 

Resources Watch 

3rd November 2016 De Beers spending more on South African diamond exploration; Gold Fields invests $1.4bn to extend Damang’s life-of-mine; and, Wesizwe opts for contractor mining at Bakubung 

Wesizwe concludes early termination of Bakubung contract with Aveng

By: Natasha Odendaal     30th September 2016 Emerging miner Wesizwe Platinum concluded an amicable agreement with appointed shaft sinking contractor Aveng Mining for an early termination at its Bakubung platinum mine, in Rustenburg. The agreed handover will be concluded by May 2017, when Phase 1 main shaft commissioning, which was initially... 

New CEO for Hong Kong company with interest in Zambia

9th September 2016 Hong Kong-headquartered metal and mining company Jinchuan Group International Resources has appointed Chen Dexin CEO of the company. Dexin is the former acting CEO of Johannesburg-based mining company Metorex, which owns the Chibuluma copper mine in Zambia. In a statement in August, Jinchuan... 

Wesizwe’s flagship Bakubung mine still on target

By: Natasha Odendaal     30th March 2016 Platinum miner Wesizwe Platinum remains within its targeted concentrate production output and project construction costs budget for its flagship Bakubung project, in Rustenburg. Reporting on its 2015 financial year performance, the Chinese-backed company said that, during the year to December,... 

Jianke Gao

By: Martin Creamer     11th March 2016 This week we feature Jianke Gao, the CEO of Wesizwe Platinum, a R667-million, 80-employee Johannesburg Stock Exchange-listed mine development company 

Flow-through share scheme could help attract much-needed funding to SA's exploration sector

By: Zandile Mavuso     30th October 2015 Declining commodity prices have taken their toll on large mining companies globally and, while investment in small-scale or junior mining operations could provide a silver lining for the industry, some junior miners and law practitioners believe that the uncertainty regarding South Africa’s tax... 

Flow-through share scheme could help attract much-needed funding to SA's exploration sector

By: Zandile Mavuso     30th October 2015 Declining commodity prices have taken its toll on large mining companies globally, and although investment in small-scale or junior mining operations could provide a silver lining for the industry, some junior miners and law practitioners believe that the uncertainties pertaining to South... 

Unyielding platinum dip forces miners to cut costs

By: Dylan Stewart     21st August 2015 Owing to weakened demand for platinum, the platinum price, currently at a six-year low of about $980/oz, is not expected to rise significantly in the near future, says geology and mineral resources consulting services provider  

Mines’ legal, social obligations to come under the spotlight at August conference

By: Ilan Solomons     10th July 2015 Black-owned training and conferencing company Intelligence Transfer Centre’s (ITC’s) Mineral Resources Compliance and Reporting conference will provide a platform for industry stakeholders to constructively engage with the Department of Mineral Resources (DMR), says ITC conference director Ankia... 

Wesizwe COO steps down

By: Natasha Odendaal     10th June 2015 Platinum miner Wesizwe Platinum on Wednesday announced the resignation of COO Paul Smith, effective June 9. Smith, who left to pursue personal interests, joined the company in January 2013. 

Resources Watch 

By: Creamer Media Reporter      23rd April 2015 This week: Shaft sinking at Bakubung remains on track. And, uncontrolled and illegal sand mining has increased ‘dramatically’ in the last five years. 

Obtaining social licence a manageable challenge for emerging miner

By: Kimberley Smuts     17th April 2015 Obtaining a social licence to operate is one of the main challenges faced by emerging miner Wesizwe Platinum, which is sinking the main shaft of its Bakubung mine, on the western limb of the Bushveld Igneous Complex. Wesizwe corporate affairs and investor relations executive Hamlet Morule tells... 

Bakubung shaft sinking remains on track 

By: Kimberley Smuts     17th April 2015 Shaft-sinking activities at platinum miner Wesizwe Platinum’s Bakubung mine, in the North West, remain on track, with the main and ventilation shafts now having reached a depth of 770 m. Shaft sinking started in 2012, following the receipt of $600-million in financing from the China Development... 

Secondary UG2 reef intercepted at Wesizwe’s Bakubung project

By: Anine Kilian     17th April 2015 Platinum development company Wesizwe Platinum last month intersected the secondary upper group two (UG2) reef at the main shaft of its Bakubung mine, on the western limb of the Bushveld Complex, and will send the samples to South Africa’s State-owned Council for Mineral Technology (Mintek) this... 

Creamer Media publishes African Mining Roundup for April 2015 research report

14th April 2015 This month’s report includes details of ASX-listed South Boulder Mines’ prefeasibility study on the Colluli potash project, Eritrea; platinum development company Wesizwe Platinum’s intersection of the secondary upper group two reef at the main shaft of its Bakubung mine, on the western limb of... 

Wesizwe meets next Bakubung project milestone

By: Anine Kilian     26th March 2015 Platinum development company Wesizwe Platinum this week intersected the secondary upper group two (UG2) reef at the main shaft of its Bakubung mine, on the western limb of the Bushveld Complex, and will send the samples to South Africa’s State-owned Council for Mineral Technology (Mintek) in... 

Firm reflects on 2014 success story

23rd January 2015 The prefeasibility study (PFS) for gold miner Morobe Mining’s Wafi-Golpu project, in Papua New Guinea, was recently completed by project delivery and consulting services firm WorleyParsons, the company announced in December. The Wafi-Golpu project involves the development of a new greenfield... 

Resources Watch  

By: Creamer Media Reporter      15th January 2015 This week: 130 000 ex-mineworkers claim their unpaid benefits. Glencore’s R8-billion Tweefontein project is on time and under budget. And, Wesizwe reaches an underground milestone. 

Wesizwe reaches underground milestone 

By: Natasha Odendaal     11th December 2014 RUSTENBURG (miningweekly.com) – Chinese-backed emerging platinum producer Wesizwe Platinum has reached another milestone at its flagship Bakubung platinum mine project, which is already two-and-a-half years ahead of schedule. Despite facing tensions in the platinum belt during the year, continual... 

Platinum producers top mining/metals companies in sustainability data transparency index

By: Tracy Hancock     14th October 2014 The 2014 IRAS Sustainability Data Transparency Index (SDTI) report has been published, with platinum producer Anglo America Platinum (Amplats) topping the mining/metals companies list and ranking second out of the more than 300 companies assessed throughout South Africa and across all sectors in... 

North West projects progress despite challenges

By: Ilan Solomons     27th June 2014 Despite ongoing strikes and violence in South Africa’s platinum sector, JSE-listed junior platinum-group metals (PGMs) mining company Wesizwe Platinum is developing its fully funded Bakubung platinum mine project in the North West, which is a positive sign to investors that South Africa will... 

Optimisation plan improves Bakubung mine business case

By: Chantelle Kotze     28th March 2014 JSE-listed Wesizwe Platinum’s optimisation plan, approved earlier this month for its flagship Bakubang platinum mine, aims to improve the business case of the mine in the current economic and social environment of the mining industry in South Africa. 

Wesizwe to reach full production more than 2 years ahead of schedule

By: Chantelle Kotze     13th March 2014 JSE-listed Wesizwe Platinum’s optimisation plan for the Bakubung platinum mine, approved on Wednesday, aimed to improve the business case of the mine, given the current economic and social environment in the mining industry in South Africa. “We decided to embark on the optimisation plan owing to... 

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