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Investing in SA’s platinum industry requires nerves of steel

Friday, April 12, 2013 2:47
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(Before It's News)

Labour unrest that started in August in South Africa, the dominant global producer of platinum, cost the economy about R50bn in lost production and earnings for workers and contractors.

Platinum mining companies have been hard at work trying to normalise the situation to get operations back on track but this has proved difficult, with employees getting increasingly militant and prepared to engage in violence to achieve their demands.

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