Wesizwe Platinum Limited (PINK:WSZWF) reported it has awarded the shaft sinking contract for its Bakubung platinum mine to Aveng Grinaker-LTA Mining.
As quoted in the press release:
In September 2011, six companies were invited to tender as part of the shaft sinking enquiry for the Bakubung Platinum Mine (formerly known as the Frischgewaagd Ledig project): three companies were from South Africa, two Chinese and a Canadian corporation. The R1.64 billion contract has been awarded to Aveng Grinaker-LTA following a thorough technical and commercial adjudication process.
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