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May 19, 2008

Wesizwe Pt facing dilution task

WESIZWE Platinum's (Wesizwe) funding strategy is to dilute its controlling black economic empowerment (BEE) shareholders as little as possible, according to CEO Mike Solomon.

Wesizwe has to raise some R5.6bn to pay for development of its proposed Frischgewaagd-Ledig mine to be built near Sun City in South Africa's North West Province.

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Posted by StaffWriter at May 19, 2008 7:43 AM