Hassalls
Auctions and Valuations for the Resources and Mining Sectors
South African platinum miner Wesizwe has signed a deal with a Chinese consortium to provide an $877m financing package to be used for the development of its Frischgewaagd-Ledig project. The consortium, which includes the Jinchuan Group and the China-Africa Development Fund, will pay $227.
South African platinum miner Wesizwe has signed a deal with a Chinese consortium to provide an $877m financing package to be used for the development of its Frischgewaagd-Ledig project.
The consortium, which includes the Jinchuan Group and the China-Africa Development Fund, will pay $227.5m for a 51% stake in Wesizwe Platinum and provide $650m in loans to finance the Frischgewaagd project.
Under the agreement Jinchuan will purchase all the platinum-group metals concentrate from the project.
Auctions and Valuations for the Resources and Mining Sectors
Side Dump Trailers for the Mining Industry
Environmental Risk Management Solutions and Training for the Mining Industry