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Byline: Allan Seccombe
Chinese add muscle to Wesizwe's big plans ALLAN SECCOMBE Resources Editor WESIZWE Platinum needs to secure competition approval for an $877m transaction with a Chinese consortium to build a platinum mine and negotiate a new board for the company after its shareholders gave resounding support for the long-awaited deal yesterday. The transaction, which dilutes all Wesizwe's shareholders, gives it the finance it needs to build a R6bn twin-shaft mine and concentrator near Sun City. The consortium has agreed to raise any extra capital without diluting the shareholders any further.
The consortium, comprising the Jinchuan Group, China's largest …