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    market news

    Wesizwe Expects Cost of Platinum Mine to Rise

    Investing News Network
    May. 04, 2012 02:33PM PST
    Precious Metals

    Mining Weekly reported Wesizwe (PINK:WSZWF) is now expected a new Bakubung platinum mine to cost R12 billion.

    Mining Weekly reported Wesizwe (PINK:WSZWF) is now expected a new Bakubung platinum mine to cost R12 billion.

    As quoted in the market news:

    South Africa’s JSE-listed Wesizwe agreed a financing deal with Jinchuan, of China, and the China-Africa Development Fund (CADFund) in May last year, when the China-Africa Jinchuan Investment consortium paid $227-million for 45% of Wesizwe and undertook to provide $877-million in funding for the former Frischgewaagd-Ledig project, which has since been renamed the Bakubung platinum mine project.

    Click here to read the full Mining Weekly report.

    market newschina
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