INVESTOR News - wesizwe.co.za€¦ · Events INVESTOR News June 2017 Joburg Indaba: 05 – 06...
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INVESTOR News June 2017
BPM Project update Development Highlights
Wesizwe projects
executive, Mr.
Jacob
Mothomogolo
presents at the
Junior Indaba
2017
Bakubung
Platinum Mine
Safety Stats May
2017
Media Round-Up
News highlights
from the month
As the BPM project progresses it is becoming more important that we
get feedback about the systems we are putting in place. This is to ensure
practices that are not only beneficial for the mine’s sustainability but for
the Bakubung Ba Ratheo community as well.
One of the sounding boards for the mining sector is the parliament’s
Portfolio Committee on Mineral Resources. The BPM project has had an
honour of getting a visit from a delegation of this committee led by its
Chairperson, Mr. Luzipho. The visit, which took place on Tuesday, 27
June, afforded us an opportunity to showcase what the company does
to build relations with its key stakeholders.
In providing details about the company and the project, a presentation
gave a background on where the project is currently, giving details on
funding, Capital (CAPEX) and operational costs (OPEX), performance
against SLP, transformation as well as the technical aspects of the
project.
The company also had an opportunity to raise some of the challenges
experienced being a junior miner in the current economic state and
building a mine within a community.
The visit was what the company needed to confirm that BPM as a mine
that is not tainted by the legacy of the past, is on the right track in
building towards sustainable futures for the benefit of all involved.
We hope you enjoy reading this edition of Investor news and we look
forward to keeping you updated on all the latest project developments.
Hamlet Morule
Welcome
Hamlet Morule
Executive: Corporate
Affairs & Investor Relations
Copyright©2017
All rights reserved.
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BPM Project update Development Highlights
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04
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Wesizwe projects executive, Mr.
Jacob Mothomogolo presents at
the Junior Indaba 2017
Bakubung Platinum Mine (BPM)
Safety Stats May 2017
In the media
Highlights from recent media coverage
featuring Bakubung Platinum Mine and
Wesizwe Platinum
Events calendar
Information on some of the
forthcoming mining conferences and
events to look out for
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06
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INVESTOR News June 2017
BPM Phase 1 commissioning
Work at the BPM project is progressing well towards the project’s
commissioning of Phase 1. The Phase 1 commissioning strategy involves
two parts: Part A and Part B. Part A is the commissioning of the hoisting
system and Part B is the commissioning of the ground handling system
from 69 to 72 to 77 level and onto the loading box feed conveyor. Each
system is explained in detail in the following section:
Part A: Shaft Hoisting System.
This system involves the following sub-systems:
- 77 Level tail end conveyor loading arrangement
- 77 Level Conveyor CV-002
- 77 Level Loading Box
- Skips installed and roped up
- Surface Rock Silo
- Surface Conveyor CV-001
Commissioning of this system will allow hoisting of rock from 77 level to
surface and is currently forecast for September 2017.
Part B: 69/72 Leave Ore Transport System
This system involves the following sub-systems:
- Ore Pass from 72 to 77 level raisebored
- Ore Pass from 69 to 72 level raisebored
- Tip and rock breaker on 69 level
- Tip and rock breaker on 72 level
- Box front on 77 level ore pass.
- 77 level conveyor CV-001 (feeding CV-002)
Commissioning of Part B will allow hoisting of rock from 69 and 72 level
out the main shaft and will allow a total production of 50 000 tonnes per
month when the system is fully proven. This is currently forecast for
March 2018.
Wesizwe Update
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About the BPM Project Frequently asked questions
INVESTOR News June 2017
Fencing at the mine Housing
project
The Housing project is starting
to take shape as viewed from
the top of the Main shaft
headgear
The BPM workshop
The annual Junior Indaba, for explorers, developers and
investors in junior mining in Africa, took place on Wednesday,
07 and Thursday, 08 June 2017 at the Johannesburg Country
Club. The conference saw CEOs, entrepreneurs, investors
and mining professionals who all contributed to making it an
experience, both with the engaging discussions and the
informal networking.
Wesizwe’s Projects executive, Mr. Jacob Mothomogolo was
also part of the thought provoking discussions that took
place in the conference. Presenting on a topic - Being a
Junior Miner in the current economy: Wesizwe Platinum’s
Bakubung Platinum Mine project, his presentation provided
a status of the BPM project, guidelines for other junior miners
and explorers intending to be junior miners. Also, he touched
on investment highlights, production profile as well as
resources and reserves for the BPM.
Some of the highlights included Lessons from the Legends,
which had the audience fascinated by their life and career
experiences, words of wisdom and many industry insights.
Amongst all the good cheer and engaging discussions was
a more serious note about South Africa’s future. Amongst the
attendees were the Chamber of Mines’ CEO, Mr. Roger
Baxter, who joined in the constructive engagement with his
vision and proactive initiatives of South Africa’s Chamber of
Mines.
The message left by delegates in the conference was a very
clear one – no time for pessimism, let’s get on with the
business.
Sustainability
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Wesizwe projects executive presents at the
Junior Indaba 2017
INVESTOR News June 2017
Projects Executive, Mr. Jacob Mothomogolo
Presenting on a topic -
Being a Junior Miner in the
current economy:
Wesizwe Platinum’s
Bakubung Platinum Mine
project.
There were two (2) medical treatment cases reported for the month of
May 2017. 69 Level, On 12 May 2017, a PTV was transporting the TSL
cement pump from the Tip Cross Cut to the Workshop when he allegedly
sprained his back. 77 Level, On 18 May 2017, a Pecker Operator was
passing by the diamond drill operation area when the core from the
diamond drill shot out and struck him on the right upper limb and chest.
There were three (3) visits from the DMR during the month of May and no
instruction was issued. The project has worked 1 182 409 shifts to date.
Category Target
2017
Actuals
2017
Project
to Date
Report
Period
(1May–
31May)
Minor
Injuries-MI
23 108 335 2
Lost Time
Injuries-LTI
7 2 51 0
Serious
Injuries
3 2 31 0
DMR Sect 54s 4 0 15 0
Fatalities 0 0 2 0
Fatality free
shifts worked
- 93 161 450 285 16 537
Shifts Worked - 93 161 1 182 409 16 537
LTIFR 0.86 0.45 0.91 0.00
Excellence
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BPM project safety stats – May 2017
INVESTOR News June 2017
The project has worked
1 182 409 shifts to date.
INVESTOR News June 2017 Media Round-Up
News highlights for the month
06 07
There were mentions of Wesizwe Platinum in the period between 15 May and 14 June 2017.
81 hits were recorded from Global coverage, while 7 came from the social media and 2 from
Print media articles. These were recorded on Social Media: Twitter, Facebook, Blogs and
comments.
Mediums covered Wesizwe Global
Coverage
Wesizwe Social
Media
Wesizwe Print
Hits 81 7 2
Wesizwe website activity
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EDITORIAL TEAM
Managing Editor
Hamlet Morule
Editor
Thandiwe Mapi
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Events Calendar
Events INVESTOR News June 2017
Joburg Indaba: 05 – 06 October 2017, Johannesburg
Find out how the industry is managing key pressure points and
investors are currently going about their investment decisions.
7th International Platinum Conference: 18 – 19 October 2017
The Platinum conference series has covered a range of
themes since inception in 2004, and traditionally addresses
the opportunities and challenges facing the platinum
Industry.
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Market Information
Last close: (Wednesday,
28 June): 56c