Plat­inum may be mine woes

Finweek English Edition - - COMPANIES & INVESTMENTS -

labour un­rest in the sec­tor. Zim­babwe, the only other coun­try with size­able plat­inum re­serves, is also ham­strung by a lack of elec­tric­ity, which both con­strains its min­ing out­put as well as its am­bi­tious plans to build a plat­inum smelter. Most plat­inum mined in Zim­babwe is sent to SA to be re­fined for ex­port.

Our neigh­bour has a max­i­mum in­stalled power ca­pac­ity of just 1 237MW against peak de­mand of 2 100MW, so even if it does build a smelter, it’s un­like-

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