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IPMI and Industry News: Industry News

South Africa Launches National Platinum Strategy

Thursday, February 7, 2019   (0 Comments)
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The Minerals Council of South Africa has launched a national platinum strategy with the hopes it will sustain close to a million jobs and contribute roughly R8.20 trillion to South Africa‚Äôs economy by 2050. On Wednesday (February 6), the council said that the sector is in crisis and has struggled with an oversupplied market for the last five years. Minerals Council CEO Roger Baxter noted that at current prices, more than 60 percent of the platinum mining industry is loss-making or marginal. - Investing News 02/06/2019

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