Platinum Investing News » Chinese Funds Wesizwe R6,6bn for Platinum Mine

Chinese Funds Wesizwe R6,6bn for Platinum Mine

May 24, 2010 @ 6:44 pm In Platinum Market News

Wesizwe Platinum Limited ^[1] (Wesizwe), South African platinum junior mining company, has announced that it has signed an agreement with Chinese consortium to finance it with a R6,6-billion, or $877-million, debt and equity financing package that would fund the development of its flagship Frischgewaagd-Ledig project.

Wesizwe CEO Michael Solomon confirmed that this transaction can bring in mining expertise and cost-effective financing.

Click here to access the entire news ^[2]

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URLs in this post:

[1] Wesizwe Platinum Limited: http://www.wesizwe.co.za/

[2] Click here to access the entire news: http://www.miningweekly.com/article/wesizwe-gets-r66bn-chinese-funding-for-platinum-mine-2010-05-24