Wesizwe Platinum, which plans to bring a new mine into production during 2021, has cut its production forecast in half for 2020 because of the Covid-19 pandemic and a fatal accident at the Bakubung Platinum Mine.
Wesizwe started the construction of the mine in 2011, securing a $227m cash injection by China Africa Jinchuan Investments for a 45% stake in the company and $650m in project development funding from China Development Bank.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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