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.