It’s that time again on a Friday when Update At Noon presents another Update From The Coal-Face with Martin Creamer, publishing editor of Engineering News and Mining Weekly. The world is heading for a record shortage of platinum supply at a time when demand is rising considerably. South Africa’s bulk commodity miners are holding thumbs tighter than ever for better rail efficiencies. South Africa’s African Rainbow Minerals group is taking steps to generate its own clean electricity. Martin Creamer will be back at the Coal-Face at the same time next Friday.
, publishing editor of Engineering News & Mining Weekly. Reported here is this Friday’s At the Coalface transcript:The world is heading for a record shortage of platinum supply at a time when demand is rising considerably.Now, platinum group metals are very important for the South African economy. Of all the mining products, these products earn more foreign exchange than anything else. So the taxes that they pay are really anxiously awaited by the fiscus.
So there is a situation we’re heading for now, I hope it won't lead to a price spike, which can be devastating, because these metals clean the air of the world. Without these metals, people will be choking to death in the big cities, because they fit it into car exhausts and they make sure that the air pollution is limited.South Africa’s bulk commodity miners are holding thumbs tighter than ever for better rail efficiencies.
They have now reached a situation where with the prices down, they can't rely on trucks as much as they used to. So they are holding thumbs tighter than ever before that Transnet gets its act together. And when you listen to the people reporting now, you can see that frustration coming through, although they've been interfacing with Transnet for months now, because they say we want results. They need to see something happening. There will be a shutdown on the iron-ore line.
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