CAPITAL MARKETS

Nkwe surges on Zijin deal

SHARES in South-Africa focused Nkwe Platinum soared after it announced the creation of a strategic partnership with Chinese company Zijin Mining Group in the form of a $A20 million investment through a three-year convertible bond.

Hannah Vickers

Nkwe surges on Zijin deal

The bonds are convertible into 200 million Nkwe shares at a price of 10c per share, with an interest rate of 10% per annum during the term. In exchange, Zijin, through its wholly owned subsidiary Jin...

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