Southern African platinum miners on the wrack as perfect storm hits

摘要

PLATINUM IS A VERY PRECIOUS SOUTHERN AFRICAN COMMODITY and there are several global corporates I can think of that would dearly love this wonder metal in their portfolios. But Southern African platinum mining companies find themselves on the wrack, not only because of their dependence on a faltering Europe, but also because they have been hit by a confluence of events that are drastically aggravating the situation. It is the perfect storm of the South African government's heavy-handed approach to safety, labour union struggles and the gazetting of debilitating ground rent taxes in Zimbabwe.