maseve wesizwe portal mine

Wesizwe Platinum seeks unlawful declaration of $70m Maseve ...

Sep 20, 2018· AFRICA Wide Mineral & Prospecting Company (Africa Wide), a subsidiary company of Johannesburg-listed Wesizwe Platinum, has taken the unusual step of serving papers on Royal Bafokeng Platinum (RBPlat) and Canadian firm, Platinum Group Metals (PTM) in an attempt to have the $70m sale of the Maseve mine declared unlawful.. The transaction, first announced in September last …

WESIZWE

Welcome to the Wesizwe corporate website, one of a number of information-sharing platforms that have been created to improve engagement with our valued stakeholders. The site provides a wealth of information about our company, our business, our people, and developments relating to our flagship project, the Bakubung Platinum Mine.

Maseve to provide Wesizwe Pt with warchest - Miningmx

Mar 24, 2014· Quite how much Wesizwe Platinum can earn from Maseve is questionable. Wesizwe declined to follow its rights in the project and was therefore diluted, but it and PTM differ on the extent of the dilution. Wesziwe thinks its stake fell 3.5 percentage points whereas PTM thinks it is 5 …

WEZ – Company Profile for Wesizwe Platinum Ltd – MSN Money

Wesizwe Platinum Limited is a South Africa-based company, which focuses on the development of Bakubung Platinum Mine (BPM). BPM is located on the Western Limb …

bakubung mine address in rustenburg

Maseve - wesizwe. Bakubung Platinum Mine · Our Flagship Project · Bakubung Project ... The Maseve projects are located near Rustenburg in the North West province of South Africa. ... it also shares a boundary with the Styldrift mine which is under construction, and ... Physical Address: Wesizwe House, Devcon Park, 9 Autumn Road, Rivonia...

Wesizwe and Bakubung mine delivers in PGM sector | Mining News

Mar 28, 2013· The company's core projects, the Bakubung platinum mine located in the Western Limb of the Bushveld Complex near Rustenburg in the North West Province is in construction phase and due to. Wesizwe also secured two short-term loan facilities with the China Development Bank during 2012 of US$ 100 million (or R926 million) each. The first loan of ...

Cost of new platinum mine to rise to R12bn – Wesizwe

The capital cost of building of the new Bakubung platinum mine, now under construction on the western limb of the Bushveld Complex, is expected to escalate to R12-billion. So says Wesizwe CEO ...

Western Bushveld Joint Venture (WBJV) Project 1 Platinum Mine

PTM holds 82.9% stake in Maseve Investments 11, the operating company of WBJV Projects 1 and 3. The remaining 17.1% is owned by Wesizwe Platinum through its wholly-owned subsidiary, Africa Wide Mineral Prospecting and Exploration. Project 2 is equally owned by WBJV and Africa Wide. WBJV Project 1 details, geology and mineralisation

Bakubung Platinum Mine - Wesizwe Platinum

Options for collaboration in developing a joint concentrator plant with neighbours Maseve are being investigated to exploit benefits from economies of scale and sharing capital infrastructure costs. Developing a Mine. Wesizwe officially launched the Bakubung Platinum Mine development project on …

PGMs: Platinum Group raises $28M+ for Maseve underground ...

Jan 31, 2017· Maseve mine site, north portal and conveyor to the tailings area. The funds will be spent for underground development and ramp up at its Maseve PGM mine on the western limb of the Bushveld Complex. In mid-2015, the mine had proven and probable reserves of 32.0 million tonnes averaging 2.51 g/t Pt, 1.05 g/t Pd, 0.25 g/t Rh and 0.14 g/t Au in the ...

Wesizwe Platinum Ltd, WEZ:JNB profile - FT.com

The Maseve projects are located near Rustenburg in the North West province of South Africa. Project 1 adjoins its Frischgewaagd-Ledig Project and also shares a boundary with the Styldrift mine and Bafokeng Rasimone Platinum Mine. Its subsidiaries include Wesizwe Properties (Pty) Ltd, and Africa Wide Mineral Prospecting and Exploration (Pty) Ltd.

Wesizwe to launch flagship mine

Furthermore, Wesizwe Platinum and its 26%-owned associate company, Maseve (in partnership with Platinum Group Metals - PTM), were collaborating in the processes of securing bulk water supply to ...

Platinum Group Metals - Platinum Group Announces ...

Based on the dilution formula in the Maseve shareholders' agreement, as confirmed in the arbitration, the Company calculates that Wesizwe's ownership in Maseve will be further diluted to 17.0985% (approximately 17.10%) as a result of Africa Wide's failure to fund its R 234.6 million share of a second approved cash call in February 2014.

DMR gives final approval for acquisition of Maseve mine by ...

Apr 20, 2018· PTM and RB Plat agreed a two-stage deal valued at about $74m in September last year for the sale of the Maseve Mine.In this final stage RB Plat will acquire of the shares in Maseve – the holding company of the Maseve mine – as well as all shareholder loans owed by Maseve for a payment worth some $16m in cash and RB Plat shares.

Buy WESIZWE Shares - View Live Share Price, Latest ...

Wesizwe is mainly focused on successful development of the Bakubung Platinum Mine, which will comprise an underground mine with twin vertical shafts and a shorter third shaft. An initial 230 000 tonnes per month will be mined from the Merensky Reef, with an additional 20 000 tonnes coming from the secondary Upper Group 2 Reef.

Wesizwe Platinum withdraws funding from WBJV project ...

Oct 21, 2013· Africa Wide, a subsidiary of Wesizwe, will not be funding a R213 million cash call for its 26% share of a 6 month forward budget for the WBJV project, writes Vicky Sidler.. The cash call to Africa Wide for the project had been timed to coincide with the final expenditure of funds held in escrow by Maseve for Africa Wide.. Wesizwe's 26% interest in Maseve was derived from the conclusion of ...

Wesizwe | Mining News

Wesizwe's Bakubung Platinum Mine will switch to partially mechanised mining, reducing the number of employees at steady state by 235 to 3 135. This is one of the main outcomes of the optimisation study approved by the Wesizwe board on 12 March....

Bakubung mine location map - wesizwe.co.za

Terms of Use | Site map | Copyright information Physical Address: Wesizwe House, Devcon Park, 9 Autumn Road, Rivonia Ext 3, 2128, South Africa Contact Us: Fax: +27 11 ...

Wesizwe says PTM project 'below criteria' - Miningmx

Oct 21, 2013· Wesizwe Platinum said that its own project, the proposed $1.5bn Bakubung mine which neighbours WBJV, was " … firmly on track, within budget and well-funded". Wesizwe Platinum said in January it had received a $650m capital injection from the …

RBPlat: Maseve failure was a massive fillip for Styldrift

PTM had a carrying value for Maseve of $653m but had impaired it by $589m in 2017 to reflect the $74m RBPlat was prepared to pay for the unprofitable, difficult mine. The destruction of value is breathtaking...

SCOPING REPORT FOR THE ENVIRONMENTAL APPLICATIONS …

Wesizwe Platinum Limited (Wesizwe) is the owner of Bakubung Platinum Mine, currently shaft sinking on the farm Frischgewaagd 96JQ (Portions 3, 4 and 11). The mine is located near Ledig, just south of the Pilanesberg Game Reserve and Sun City in the North West Province. Two reefs will be mined

Wesizwe weighs Maseve stake - iol.co.za

Feb 25, 2014· Wesizwe Platinum is considering the disposal of its minority stake in Platinum Group Metals's Maseve mine as it focuses on developing its Bakubung project, according to Wesizwe …

Wesizwe Platinum | Mining News

Wesizwe Platinum announced that it has sustained a dilution loss of R97.4 million and a potential impairment of investment in its shareholding in Maseve Investments. Wesizwe subsidiary company, African Wide Mineral Prospecting and Exploration...

Maseve - Wesizwe Platinum

Maseve Maseve Projects 1 and 3. The Maseve projects are located near Rustenburg in the North West province of South Africa. Project 1 adjoins Wesizwe's Frischgewaagd-Ledig Project; it also shares a boundary with the Styldrift mine which is under construction, and the producing Bafokeng Rasimone Platinum Mine, both of which are owned by Royal Bafokeng Platinum Limited.

QUICKSHARE - WEZ - SHARENET - Your Key To Investing on The ...

Wesizwe Platinum is a public company incorporated in the Republic of South Africa with its shares listed on the JSE Securities Exchange (JSE). Our intention is to enter into PGM mining in South Africa as the launch pad for growing into a significant multi-commodity mining company that sets new benchmarks for sustainable mining practices.

Wesizwe considers selling stake in mine - IOL

Wesizwe's stake was 26 percent before it pulled out of the funding. The project will probably produce 234,000 ounces to 300,000 ounces of platinum, palladium, rhodium and gold a year from mid-2015.

Wesizwe Platinum : EARLY HANDOVER OF BAKUBUNG PLATINUM ...

early handover of bakubung platinum mine (bpm) project Wesizwe Platinum Limited and Aveng Mining (an operating group of Aveng Africa (Pty) Ltd.) entered into an Engineering and Construction Contract in September 2012 for the development of Wesizwe's BPM in the North West province of South Africa.

Wesizwe considers selling stake in Maseve mine - Moneyweb

Feb 24, 2014· Wesizwe Platinum Ltd. is considering the disposal of its minority stake in Platinum Group Metals Ltd.'s Maseve mine as it focuses on developing its Bakubung project, Chief Executive Officer ...

Wesizwe - Contact us

Physical Address: Wesizwe House, Devcon Park, 9 Autumn Road, Rivonia Ext 3, 2128, South Africa Tel: +27 11 994 4600 Fax: +27 11 994 4601

Maseve | Mining News

JSE-listed Wesizwe Platinum says the installation of the main shaft headgear at its flagship Bakubung platinum mine, has been successfully completed and featured the lifting of the sheave decks and superstructures. Guests at the milestone event...

Buy Wesizwe Platinum Limited - EasyEquities

The Maseve projects are located near Rustenburg in the North West province of South Africa. Project 1 adjoins its Frischgewaagd-Ledig Project and also shares a boundary with the Styldrift mine and Bafokeng Rasimone Platinum Mine. Its subsidiaries include Wesizwe Properties (Pty) Ltd, and Africa Wide Mineral Prospecting and Exploration (Pty) Ltd.

PGM - Constructing a new Platinum mine - TIMELAPSE SA

Maseve Investments 11 (Pty) Ltd, Subsidiary of Platinum Group Metals Ltd, Canada DRA was contracted by Maseve to design and construct a 165ktpm concentrator at the Maseve Platinum Mine. Work was started on the project in January 2013 and The Concentrator was successfully commissioned and passed its performance test in Feb 2016.