Bad day for platinum: Tsunami to trigger 8-fold jump in surplus, world no. 2 halts expansion

BusinessDay reports on Friday the global platinum surplus may jump eightfold to as much as five tons after Japan’s worst earthquake slashed car production, reducing the country’s demand for the metal used in cars’ emission systems to the lowest level in 28 years. Earlier Mining Weekly reported that world number two platinum producer Impala Platinum has shelved plans to increase production at its underperforming 73%-owned Marula mine leading to lay-offs at the company’s largest development project in South Africa.

Developments In The Mining Sector Boost The Botswana Electricity Industry, Finds Frost & Sullivan

Attached please find a press release on: Botswana faces a severe electricity crisis, which has been compounded by a similar crisis in neighbouring South Africa. As a result, BPC, the public utility, has embarked on signficant capital expenditure for a