JOGMEC Confirms Platinum Reserves in South Africa

Reuters reported that Japan Oil, Gas and Metals National Corp (JOGMEC) announced the discovery of 96 tons of platinum at the Waterberg region in South Africa.

As quoted in the market news:

JOGMEC can obtain a 37 percent stake in the project if it pays $3.2 million in inspection costs over four years.

Click here to read the full Reuters report.