Amplats Encourages Consolidation

Mining Weekly reported Anglo American Platinum (PINK:AGPPY) is struggling to recover after months of steep losses.

As quoted in the market news:

Acting Amplats CEO Bongani Nqwababa favours greater market discipline and consolidation of the platinum-mining industry, which he says has been fragmented as a consequence of lower barriers to entry.

Pan-African Capital CE Dr Iraj Abedian last month expressed the view that without a Canpotex-type single-channel marketing system, South Africa’s platinum-mining industry would continue to face the risk of boom and bust.

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