Asia Times Online reported China’s Jinchuan (HKG:2362) has taken a risk through the acquisition of platinum miner, Wesizwe (PINK:WSZWF) in South Africa.
As quoted in the market news:
China’s Gansu-based Jinchuan Group’s acquisition of Wesizwe, a South African company that is developing one of the richest platinum deposits in the world, opens the possibility of further Chinese investment in a sector that up to now has been dominated by a handful of South African and Western commodities companies.
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