South Africa’s platinum miners battling to stand still

Mineweb reports the violent strike at Eastplats (TSX:ELR) has focused investor attention on South Africa’s intensifying platinum sector.

The editorial is quoted as saying,

Apart from listed uranium stocks, somewhat battered by the disaster at Fukushima, platinum stocks are the worst-performing among global mining subsectors, over the past 12-months. While Russia, thanks to Norilsk, ranks as the world’s No 1 palladium producer, South Africa tops in the rankings for platinum and rhodium.

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