Wesizwe Platinum is a public company incorporated in the Republic of South Africa with its shares listed on the JSE Limited. Wesizwe, through its wholly-owned subsidiaries Bakubung Minerals (Pty) Limited and Africa Wide Mineral Prospecting and Exploration (Pty) Limited, is engaged in the development of its Bakubung Platinum Mine.
The mine site is located in the Western Limb of the Bushveld Complex, close to the town of Rustenburg in the North West Province of South Africa. Wesizwe's strategic intent is to build and operate South Africa's next PGM mine, firmly positioning the Group as a significant mid-tier precious metals producer.
At steady state production, the mine will produce 350 koz 4E per annum. Following the conclusion of the financing transaction with a consortium made up of a Chinese mining company, Jinchuan, and the China Africa Development Fund (CAD Fund) in May 2011, the project is well funded. Wesizwe Platinum also has a 26% interest in neighbouring Projects 1 and 3 of Maseve Investments 11 (Pty) Ltd ("Maseve") operated by Platinum Group Metals Limited (PTM) Canada