Wednesday, April 25, 2007

Wesizwe to buy stake in JV for $93 mln

(Reuters) - South African platinum miner Wesizwe Platinum has agreed to buy a 26 percent stake in the Western Bushveld joint venture for 650 million rand, it said on Wednesday.

Wesizwe, the investment vehicle for South Africa's Bakubung Ba-Ratheo Tribe, said it would buy African Wide Mineral Prospecting and Exploration Ltd by issuing new shares.


Read more at Reuters Africa

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