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Wesizwe Platinum Ltd.
Short Name:WESIZWEJSE Code:WEZ
Sector:PlatinumReg No:2003/020161/06
Founded:21/08/2003Listed:21/12/2005
Nature of business:
Our business is mainly focused on the successful development of the BPM and its surrounding community of Ledig. With 17 000 residents, Ledig lies directly north of the mine. The project encompasses an underground mine that will comprise twin independent vertical shafts and a shorter third shaft. The main shaft will be for miners and materials, with a second shaft for ventilation. The third shaft is intended for support functions, added ventilation and as an escape route. The main shaft is intended to have a hoisting capacity of 250 000 tonnes of ore and 15 000 tonnes of waste per month. An initial 230 000 tons per month will be mined from the Merensky Reef, with 20 000 tpm coming from the secondary UG2 Reef. After the Merensky Reef is depleted (between 10 to 15 years from the start of production), the full 265 000 tpm will comprise UG2 ore only. The Merensky Reef and the UG2 ore will be mined through semi-mechanised or hybrid methods using conventional methods on the face and mechanised ore-handling and development.
Next AGM: 07/05/2019 (Unconfirmed)

General Information:
Chairman:Dawn N M Mokhobo
Company Secretary:V Mhlongo
E-mail Address:IRManager@wesizwe.com
Postal Address:Private Bag X16, Northlands, 2116
Internet Address:http://www.wesizwe.co.za
Telephone:(011) 994-4600
Fax:(011) 994-4601

Financial Information:
Amounts in ZAR '000JUN 2018
Interim
DEC 2017
Final
Income Statement
 
Working Profit (10 294)(8 420)
Income Attributable To Equity Holders (14 983)(94 202)
 
Earnings Per Share (ZARc) per share (cents)(0.92)(5.79)
Headline Earnings Per Share (Cont Ops) (ZARc) per share (cents)(0.92)21.39
 
Balance Sheet
 
Ordinary Shareholders' Interest 2 997 9403 012 923
Long-Term Liabilities 5 796 3514 488 740
 
 
Total Capital Employed 9 000 6917 881 530
 
 
Mining Assets 8 046 3427 454 753
Other Current Assets 344293
Net Current Assets 869 802368 660
 
Net Asset Value Per Share (ZARc) (cents)184.17185.09

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