Sharenet Sites 
Sharenet Sites
Temporary Closure of Bakubung Platinum Mine
WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2003/020161/06
Share code: WEZ
ISIN number: ZAE000075859
(“Wesizwe” or “the Company”)
Temporary Closure of Bakubung Platinum Mine
Dear investors,
The Ledig Community Members has on Wednesday, 26 January
2022, embarked on a march towards Bakubung Platinum Mine
of Wesizwe Platinum Limited. The marchers blocked the
mine entrance and through the Kgosi delivered a
Memorandum of Demand to the mine. For the safety of our
employees and mine property, the construction of the mine
was suspended.
Bakubung Platinum Mine is currently in a critical stage
of project construction. The construction of the mining
and concentrate processing system has not yet been
completed and the schedule of the construction is tight
with high targets. The forced closure seriously affects
the progress of the project, causing Wesizwe Platinum
Company to suffer huge economic losses, and this has a
serious impact on the employment of local community
members, construction contractors and subcontractors.
After the community march, the Company urgently engaged
with the Ledig community, through its leadership, to find
a solution regarding the community's demands in order to
resume with the construction of the project. Formal
negotiations were held with the community on 27 January
2022 and an agreement was signed off by the Kgosi and
the CEO. On the 31 January 2022, further demands were
made against the mine. On the 4 February 2022, a meeting
was held between management and community leaders. As
it stands now, the Bakubung Platinum Mine is temporarily
closed.
A court order interdict was obtained on 31 January 2022.
Unfortunately intimidation of the work force continues
and damage to mine property experienced with little
assistance from the South African Policy Services.
Management are working tirelessly to ensure a safe start-
up of Bakubung Platinum Mine as soon as possible.
Please pay attention on further announcements of the
development and continue supporting the development of
the Company.
Board of Wesizwe Platinum Limited
Johannesburg
08 February 2022
Sponsor: PSG Capital
Date: 08-02-2022 03:55:00
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