London/Johannesburg – A perfect storm of rising costs, labour unrest and weak metal prices has pushed South Africa’s platinum mining companies into radical restructuring, but they’ve held off unleashing what could be their most effective weapon – production cuts. South African output of platinum group metals jumped in the early part of this year as … [Read more...] about ‘Perfect storm’ turns screws on platinum sector
Platinum
Impala to Fire Platinum Refinery With Fuel Cells Amid Price Drop
Impala Platinum Holdings Ltd. will build a power plant fired by fuel cells at its South African refinery as the world’s largest producers of the metal seek to boost demand amid falling prices. The cells, driven by excess hydrogen from the refining process, will use platinum as a catalyst to generate an initial 1.8 megawatts at the Springs-based plant, 65 kilometers east … [Read more...] about Impala to Fire Platinum Refinery With Fuel Cells Amid Price Drop
