FULLY CHINESE FUNDED
The China Development Bank provided loan finance of $650-million for the development of Wesizwe Platinum’s Bakubung mine-and-concentrator-plant project in South Africa’s North West province. Construction of the 86-m-high headgear, on the western limb of the Bushveld Complex, near Rustenburg, will be completed by the end of this month and main commissioning is expected in the second quarter of 2018. Full output, at a rate of 350 000 oz of platinum-group metals a year for 35 years, is scheduled to begin in 2023. The 8.5-m-diameter, 230 000 t/m-hoisting-capacity main shaft will be sunk to 1 000 m. The site has access to 8 MVA of Eskom power, which is sufficient for the first phase, and a water-use agreement has been reached with Magalies Water. The China-Africa Jinchuan Investment consortium paid $227-million for 45% of the JSE-listed Wesizwe in 2011.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















