Jin Jiang, a wholly owned subsidiary of China’s largest gold producer, state-owned Zijin Mining, has invested $13m in a convertible bond issue by Nkwe NKWE Platinum, an Australian company with assets in South Africa, has received the final tranche of funding in a $20m investment by a Chinese company, triggering the stepping down of Maredi Mphahlele as MD.Jin Jiang, a wholly owned subsidiary of China’s largest gold producer, state-owned Zijin Mining, invested $13m in a convertible bond issue by Nkwe, wrapping up a $20m investment in the platinum exploration company.The investment of the final tranche by Jin Jiang marked the end of Mr Mphahlele’s tenure as MD. He now becomes an executive director and is replaced as MD by Abraham Li, a mining and investment veteran. Zijin is China’s second-largest copper producer. It mines zinc, iron ore and tungsten.Nkwe has fought legal battles on its land holdings on the eastern limb of the Bushveld Igneous Complex. Prospecting rights over two farms...

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