For the CEO of a junior platinum miner that has just won a ground-breaking $100-million investment from a foreign sovereign wealth fund, Platmin's Tom Dale is remarkably relaxed.So while Dale does not dismiss the importance of this past week's $100-million investment by Singaporean sovereign wealth fund Temasek, his focus remains on mine development not incidental aspects of the investment.
The fact is Temasek - which at last count had an investment portfolio worth $119-billion - completed a due diligence on South Africa and platinum in general and on Platmin in particular before paying $100-million for Platmin's debentures, which are convertible into ordinary shares at the end of this year. Full Story
