{"id":9453,"date":"2012-03-30T03:39:21","date_gmt":"2012-03-30T01:39:21","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-2-s-africa-govt-takes-big-step-into-platinum-mining\/"},"modified":"2012-03-30T03:39:21","modified_gmt":"2012-03-30T01:39:21","slug":"update-2-s-africa-govt-takes-big-step-into-platinum-mining","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-s-africa-govt-takes-big-step-into-platinum-mining\/","title":{"rendered":"UPDATE 2-S.Africa govt takes big step into platinum mining"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* S.African govt ploughs $420 mln into new platinum venture<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Production target of 1.1 mln oz\/year<\/p>\n<p><span><\/span><\/p>\n<p>* Firm would be world&#8217;s third largest producer<\/p>\n<p><span><\/span><\/p>\n<p>* To create 9,000 direct jobs<\/p>\n<p> (Adds detail, quotes)<\/p>\n<p><span><\/span><\/p>\n<p>By Sherilee Lakmidas<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 29 (Reuters) &#8211; South Africa&#8217;s government<br \/>\nis to plough $420 million into a public-private platinum venture<br \/>\nwith Pallinghurst Resources that has ambitions to<br \/>\nbecome the world&#8217;s third-largest producer of the precious metal.<\/p>\n<p><span><\/span><\/p>\n<p>The partnership, which includes the local Bakgatla Ba<br \/>\nKgafela tribe, has a production target of 1.1 million ounces<br \/>\nwithin the next five years. That would make it the biggest<br \/>\nproducer behind Anglo American Platinum and Impala<br \/>\nPlatinum.<\/p>\n<p><span><\/span><\/p>\n<p>Pallinghurst chairman Brian Gilbertson, a South African<br \/>\nminer who made a name for himself at global giant BHP Billiton,<br \/>\nsaid the new company&#8217;s mines were open-cast and shallow<br \/>\noperations that would last at least 30 years.<\/p>\n<p><span><\/span><\/p>\n<p>Other platinum mines in South Africa, home to 80 percent of<br \/>\nworld supplies, are getting deeper and more expensive, leading<br \/>\nto a levelling off of their output. Deeper mines are also more<br \/>\ndangerous.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* S.African govt ploughs $420 mln into new platinum venture * Production target of 1.1 mln oz\/year * Firm would be world&#8217;s third largest producer * To create 9,000 direct jobs (Adds detail, quotes) By Sherilee Lakmidas JOHANNESBURG, March 29 (Reuters) &#8211; South Africa&#8217;s government is to plough $420 million into a public-private platinum venture [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9453","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9453"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9453\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}