The Conversation (0)
CNBC reported that as South Africa battles labor issues and other problems, some analysts are looking hopefully on Zimbabwe’s platinum reserves.
CNBC reported that as South Africa battles labor issues and other problems, some analysts are looking hopefully on Zimbabwe’s platinum reserves.
As quoted in the market news:
Zimbabwe is rich in minerals but has so far suffered from economic mismanagement and corruption. It has the world’s second-largest platinum reserves, as well as ample deposits of gold, nickel,diamonds and coal. While gold’s price has fallen in recent times, the tightening supply of platinum has helped boost prices of that metal.
Zimbabwe’s platinum mines are labor-intensive, and may not offer strong returns for investors, but analysts laud the country’s disciplined workforce.