China Bank Grants $650M Loan for Wesizwe’s Platinum Mine Project

Mining Weekly reported that China Development Bank (CDB) granted JSE-listed Wesizwe Platinum a $650M loan for the development of its Bakubung platinum mine project, which is located in the North West province of South Africa.

As quoted in the market news:

Part of the $650-million loan would be used to refund two separate $100-million short-term loans, which CDB and Wesizwe signed last month.

The on-schedule Bakubung project, on the western limb of the Bushveld Complex, near Rustenburg, was on budget.

Click here to read the full Mining Weekly report.

Get the Latest Platinum Investing Stock Information

Get the latest information about companies associated with Platinum Investing delivered directly to your inbox.

Agriculture
+ see more
Copper
+ see more
Gold Bullion
Gold Production/Mining
+ see more
Gold Project Generators
Gold Prospecting and Exploration
+ see more
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA
Graphite Production/Mining
Graphite Prospecting and Exploration
Graphite Resource Definition/Pre Feasibility
Graphite Resource Expansion/Feasibility Study/PEA
Molybdenum
Silver $0-15m
Silver $15-50m
Other Companies
+ see more

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply