Plat­inum mines keep dig­ging

The Citizen (Gauteng) - - BUSINESS -

Plat­inum prices are lan­guish­ing near the low­est in a decade, but the big­gest min­ers are barely cut­ting pro­duc­tion.

Al­though about half of SA out­put is es­ti­mated to be un­prof­itable, few com­pa­nies are re­duc­ing pro­duc­tion by a mean­ing­ful amount, with top sup­plier An­glo Amer­i­can Plat­inum even ramp­ing up.

That’s partly be­cause of a weaker rand. – Bloomberg

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