Stability can be brought to South Africa's beleaguered platinum-mining industry by creating a platinum exchange similar to Canada's successful producer-led potash marketing arm, says Pan-African Capital CE Dr Iraj Abedian.
Abedian, who addressed the Mining for Change 2012 seminar in Johannesburg on Tuesday, says that without a platinum exchange South Africa’s platinum-mining industry will continue to be characterized by boom-and-bust.
He believes that South Africa should create exchanges for all commodities where it is the dominant supplier and holds up Canpotex, a marketing and logistics company that sells and delivers Saskatchewan potash to international markets as a wholly owned entity of potash producers, as a model worth emulating.
Abedian's comments arise at a time when government, business and labour are putting their heads together to arrive at short-, medium- and long-term solutions for the platinum industry, which is ravaged by high costs and low prices. . .View Full Article