WBJVWestern Bushveld Joint Venture (South Africa)
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We are pleased to move forward to the next step of the Western Bushveld Joint Venture and look forward to a decision from the WBJV partners to build the Project 1 mine.
Mining company Platinum Group Metals Ltd (TSX:PTM.TO) (AMEX:PLG) revealed on Wednesday the issuance of a Mining Right for the WBJV Project 1 Platinum Mine located north of Rustenburg in South Africa.
Platinum Group Metals said that Wesizwe is now funded for construction of its own mine and is well supported for the development of the Western Bushveld Joint Venture (WBJV) with Platinum Group Metals.
Net proceeds will be used by the company to increase its interest from 54.75% to 74% in Project 1 of the Western Bushvold Joint Venture (WBJV), continued development of WBJV Project 1 and for general corporate purposes.