Norilsk sees Africa cutting platinum output after low investment

SPARKING GROWTH: An employee works in a ferronickel smelter owned by state miner Aneka Tambang  in the Pomala district in Indonesia's South Sulawesi province. The country accounts for roughly 7%  of the world's total nickel mine output. Picture:REUTERS

Picture: REUTERS

MOSCOW — OAO GMK Norilsk Nickel sees South African output of platinum group metals declining in the next several years as the Russian mining company leads investors in creating a $2bn palladium fund.

“Investments in a vast amount of projects in South Africa were delayed and it’s hard to expect an increase in output in the region,” Anton Berlin, head of strategic marketing at Norilsk, said in an interview on Monday.

Read more at: http://www.bdlive.co.za/world/europe/2015/04/07/norilsk-sees-africa-cutting-platinum-output-after-low-investment

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