China Takes Risk On Platinum

Asia Times Online reported China’s Jinchuan (HKG:2362) has taken a risk through the acquisition of platinum miner, Wesizwe (PINK:WSZWF) in South Africa.

As quoted in the market news:

China’s Gansu-based Jinchuan Group’s acquisition of Wesizwe, a South African company that is developing one of the richest platinum deposits in the world, opens the possibility of further Chinese investment in a sector that up to now has been dominated by a handful of South African and Western commodities companies.

Click here to read the full Asia Times Online report.