PGMs partner completes transaction with Chinese consortium

Mining group Platinum Group Metals reports that its partner Wesizwe Platinum has closed a proposed $877-million financing package with a Chinese consortium that includes non ferrous metallurgical and chemical engineering enterprise Jinchuan Group...

Platinum Group has deal for project surface rights, in 'active discussions'

Platinum Group Metals (PTM), which has said it will make a decision soon on whether to sell or build its South African platinum project, has locked in a right to buy the surface rights for the property, and has also made progress on securing power...

Mike Solomon steps down as Wesizwe CEO

JSE-listed Wesizwe Platinum announced on Wednesday that Arthur Mashiatshidi would take over as CEO on October 1, succeeding Mike Solomon, who has resigned. Mashiatshidi, who is currently the CFO, will be succeeded by Jacques de Wet, who will...

Innovative project management maintains shareholder value

An innovative approach to project and risk management has enabled platinum prospector and producer Wesizwe Platinum to keep its core Frischgewaagd-Ledig platinum mining project on track during the difficult economic environment that South Africa...

Wesizwe reviews flagship Frischgewaagd-Ledig project

JOHANNESBURG (miningweekly.com) – Platinum junior Wesizwe Platinum is reconsidering certain options of the project plan for its core 350 000-oz/y platinum-group metals (PGMs) Frischgewaagd-Ledig project. This is owing to the "unprecedented...

Wesizwe appoints interim chairperson

Wesizwe Platinum said on Friday that Robert Gordon Rainey had been appointed as interim chairperson of the board of directors with immediate effect.

Platmin plans own smelter, targets 500 000-oz-plus output

TSX- and Aim-listed junior Platmin has targeted production of 586 000 oz/y of platinum-group metals (PGMs) by 2012, and is talking to four of the biggest producers about building a smelter at one of their existing smelters' sites, the firm...

Platinum prospect awakens developmental mindset within Bakubung community

From margin to mainstream – this is what the hitherto little known, and small, Bakubung-Ba-Ratheo community is now experiencing, thanks to its involvement with Wesizwe Platinum in the exploration and, hopefully, development and exploitation...