Platinum Can Learn from Potash

Source:

"Stability can be brought to South Africa's beleaguered platinum-mining industry by creating a platinum exchange similar to Canada's successful producer-led potash marketing arm, says Pan-African Capital Chief Executive Dr. Iraj Abedian."

Mining Weekly, Martin Creamer

Stability can be brought to South Africa's beleaguered platinum-mining industry by creating a platinum exchange similar to Canada's successful producer-led potash marketing arm, says Pan-African Capital CE Dr Iraj Abedian.

Abedian, who addressed the Mining for Change 2012 seminar in Johannesburg on Tuesday, says that without a platinum exchange South Africa’s platinum-mining industry will continue to be characterized by boom-and-bust.

He believes that South Africa should create exchanges for all commodities where it is the dominant supplier and holds up Canpotex, a marketing and logistics company that sells and delivers Saskatchewan potash to international markets as a wholly owned entity of potash producers, as a model worth emulating.

Abedian's comments arise at a time when government, business and labour are putting their heads together to arrive at short-, medium- and long-term solutions for the platinum industry, which is ravaged by high costs and low prices. . .View Full Article

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