Violent strikes and supply disruptions in South Africa put platinum in the headlines last year, and the metal spent 2012 selling at a discount to gold. Is a platinum discount the new normal? How will the market shift in the labor strike fallout?
With high costs looking to be the norm across the platinum industry, there's a real opportunity to 'poach the cost curve.' A platinum project outside of South Africa that shows favorable costs will be a sought-after commodity.
The South African Human Rights Commission (SAHRC) says it found evidence of human rights violations when Anglo Platinum relocated thousands of villagers to expand its Potgietersrus Platinum (PPL) mine near Mokopane in Limpopo.
Mining investment house Andulela Investment Holdings would raise new funds through equity or debt next year but the amount it would need would depend on commodity prices and its acquisition opportunities, it said last week.
The toll that Eskom's electricity crisis took on South Africa's (SA) mining industry went largely unnoticed amid substantial profit increases, based on strong metals prices in the first half of this year, that companies posted recently.