Potential Power Outages Don’t Worry South African Platinum Miners

Reuters Africa reported platinum producers in South Africa aren’t worried about potential power outages announced by Eskom.

As quoted in the market news:

The spot platinum price jumped to four-week highs this week after Eskom said supply of electricity would be extremely tight this month as the power firm took down more plants to conduct overdue maintenance.

Eskom said the risk of blackouts was higher, but there were none planned for now, and miners in a country home to four-fifths of the world’s platinum reserves said they were not overly concerned.

Click here to read the full Reuters report.