South Africa, platinum mining giant, is about to fall off the investment map, says Dave Forest of Pierce Points.
Until the country sorts out its labor politics, there is a real need to
establish alternative sources of platinum group metals, vanadium and
manganese. In other words, while it's a bad time to be a miner in South
Africa, it's a good time to hold in-ground reserves. In this interview
with The Metals Report,
Forest names deposits in the Americas and elsewhere in Africa with the
potential to meet global platinum needs. But he's choosing carefully,
because even in times of scarcity, Forest argues, it just won't do to
develop anything other than the best, most economic mining projects.
(9/3/13)
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