Platinum Investing News » Chinese Group Takes Over Wesizwe Platinum

Chinese Group Takes Over Wesizwe Platinum

May 26, 2010 @ 5:18 pm In Platinum Company News

South African platinum explorer, Wesizwe Platinum Limited ^[1] (Wesizwe), has agreed to be taken over by Jinchuan Group Ltd. and China-Africa Development Fund for $878 so that it can pay for its Frischgewaagd-Ledig project in South Africa.

Michael Solomon, chief executive officer of Wesizwe is quoted saying:

"The agreement will provide Wesizwe with the financial muscle to enable it to examine future growth opportunities."

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.chinamining.org/Investment/2010-05-24/1274687565d36445.html