Far-sighted and apparently hands-off foreign investment is giving new vigour to the platinum sector.
South African platinum producer Wesizwe Platinum says it has received a $650-million loan from the China Development Bank for its Bakubung project.
WeSizwe Platinum on Wednesday reported an increase in full-year headline loss.
Black-owned platinum explorer WeSizwe Platinum on Friday said it expected to report a full-year basic and headline loss.
Shares in South Africa’s WeSizwe Platinum rose 5% on Tuesday on talk that the company could be a takeover target of Impala Platinum.
WeSizwe Platinum has been scouting for financiers in the Middle East and China for its mine project after the freezing up of Western capital markets.
