South Africa Inspecting Platinum Mine Safety Stops

Reuters reported South Africa’s Chief Mine Inspector has set up a task team to review how and when platinum mines are shutdown due to safety concerns.

As quoted in the market news:

Lonmin, the world’s number 3 producer, lost 177,000 tonnes production to safety stoppages in its first quarter, more than eight times the level of a year earlier and threatening full-year targets. Anglo American’s Anglo Platinum last week voiced its concern about closures for inspections.

Click here to read the full Reuters report.