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Wesizwe Platinum Limited (South Africa)

Main Activities: Gold Ore Mining | Other Metal Ore Mining
Full name: Wesizwe Platinum Limited Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Wesizwe Platinum Limited is a public company located in Sandton, South Africa. It was incorporated in the Republic of South Africa and its shares are listed on the Johannesburg Stock Exchange. The company's main focus is on Platinum Group Metals (PGM) mining in South Africa. Their goal is to become a significant multi-commodity mining company that sets new benchmarks for sustainable mining practices. Wesizwe Platinum Limited is currently developing the Bakubung Platinum Mine (BPM) to access the remaining sizeable and viable Merensky and Upper Group 2 (UG2) Chromitite layer PGM ore bodies. The mine will have twin vertical shafts and 6 m raise bore ventilation holes. The main shaft will have a hoisting capacity of 255,000 tpm of ore and 15,000 tpm of waste per month. The initial production will come from the Merensky Reef (MR) and the secondary UG2 Reef, but once the MR is depleted, the production will consist of UG2 ore only. The mining methods will be semi-mechanised or hybrid, using conventional methods on the face and mechanised ore-handling and development. The company's main focus is to ensure value add towards their host communities.

Headquarters
Wesizwe House, Devcon Business Park, 9 Autumn Road Rivonia Ext 3, Private Bag X16 Northlands, 2116
Sandton; Gauteng; Postal Code: 2128

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Website: http://www.wesizwe.co.za

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2003
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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45%
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13.01%
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5.98%
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4.52%
Subsidiaries
Africa Wide Mineral And Prospecting (Pty) Ltd
Bakubung Minerals (Pty) Ltd
Gabonewe Housing Estate
Company Performance
Financial values in the chart are available after Wesizwe Platinum Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency ZAR. Absolute financial data is included in the purchased report.
Operating profit (EBIT)
N/A
EBITDA
N/A
Net Profit (Loss) for the Period
-1358.91%
Total assets
22.53%
Total equity
-21.07%
Return on Equity (ROE)
-36.89%
Debt to Equity Ratio
313.54%
Quick Ratio
-0.07%
Cash Ratio
-0.06%

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