Its one thing to see the media comment on something however when you see the company's own website acknowledging the media rumour is another.
http://www.zjky.cn/publish/english/tab981/info31628.htm
Here is the article:
China’s Zijin Eyes Stake in Nkwe Platinum Project
20 Mar 2013
From Wall Street Jounal
China’s second-largest gold producer by output Zijin Mining Group Co. is among parties in talks to acquire a stake of 50% or more in mining assets belonging to Nkwe Platinum Ltd., a person familiar with the matter said Monday.
Zijin may take a minority interest in Nkwe through a convertible note worth more than 10 million Australian dollars (US$10.2 million) for exclusive rights to develop Nkwe’s Garatau platinum project in South Africa’s Bushveld region. The mining project could cost around A$600 million to build and once exclusivity is achieved through the conversion of the note to equity, talks around a joint venture are likely to evolve, the person said.
Nkwe entered its shares into a voluntary suspension early last month, citing the finalization of a transaction which would result in the recapitalization of the company.
A spokesman for Nkwe declined to comment and a spokesman for Zijin was unavailable for comment.
Zijin’s existing Australian interests include a majority stake in Perth-based gold miner Norton Gold Fields Ltd. which it holds through a wholly-owned subsidiary, Jinyu (H.K.) International Mining Company Ltd.
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If this was a BS rumour I cannot see this being put up on Zijin's own website.
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