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The squeeze is on for the rarest resource in SA’s PGM industry
Of the barriers to new platinum group metals production in South Africa, one of the most important is building processing facilities. Smelters and refineries are technically challenging, expensive to build and run, and in the current energy deficit, risky. In previous years, it’s been possible for a new PGM miner to toll-treat concentrate with an existing company, such as Implats or Anglo American Platinum. These days, however, capacity is running tight. In March last year, Implats announced capital spend of $521m aimed at boosting its processing in Zimbabwe and South Africa. Some of it was to account for the ... (full story)