Isondo Precious Metals Launches Fuel Cell Feasibility Study

Mining Weekly reported that a feasibility study on fuel cells has been launched in South Africa. It’s being undertaken by Isondo Precious Metals, and the company believes that if it’s successful, “the manufacturing of fuel cell components could be up and running within two years.”
As quoted in the market news:

The Department of Trade and Industry has provided the funds for the study being carried out by IPM, a company established in 2012 to work in the space between the South African platinum industry, the international metal fabricators and the South African government to help create new and sustainable precious metal beneficiation business plans.
Trade and Industry Minister Dr Rob Davies on Tuesday said the study would identify particular components that could be manufactured and assembled in South Africa. The department has homed in on the manufacturing potential of fuel cells in underground mining vehicles, as well as small power units used to supply power to clinics and schools in rural areas.
“South Africa produces around 80% of the world’s platinum. We need to increase the demand for platinum and capture some of the manufacturing that takes place in this frontier industry,” he told a media briefing in Cape Town.

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