Wesizwe Platinum
Encyclopedia
Wesizwe Platinum is a controversial mining business in South Africa
.
There have been some concerns about the governance of Wesizwe Platinum.
. It is expected to produce 350,000 ounces of Platinum group metals per year.
In December 2010, a financing deal worth R6Bn was agreed with a consortium of Chinese investors; Wesizwe would effectively be taken over by Jinchuan Group
, the largest platinum producer in China
. This deal would allow work to start on platinum production at Frischgewaagd-Ledig
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
.
There have been some concerns about the governance of Wesizwe Platinum.
Frischgewaagd-Ledig
Wesizwe has access to substantial platinum reserves at the Frischgewaagd-Ledig site near Rustenburg in the Western limb of the Bushveld Igneous ComplexBushveld igneous complex
The Bushveld Igneous Complex is a large layered igneous intrusion within the Earth's crust which has been tilted and eroded and now outcrops around what appears to be the edge of a great geological basin, the Transvaal Basin. Located in South Africa, the BIC contains some of the richest ore...
. It is expected to produce 350,000 ounces of Platinum group metals per year.
In December 2010, a financing deal worth R6Bn was agreed with a consortium of Chinese investors; Wesizwe would effectively be taken over by Jinchuan Group
Jinchuan Group
Jinchuan Group Ltd. is a Chinese company based in Gansu. It produces the metals nickel, copper, cobalt, platinum, palladium, gold, silver and selenium. As of 2007 it has the capacity to produce 150,000 metric tons of refined nickel per year, producing 90% of China's output, and is the largest...
, the largest platinum producer in China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
. This deal would allow work to start on platinum production at Frischgewaagd-Ledig