By Terry Bell –
Cape Town – To salvage jobs and a future for the platinum mining industry in South Africa, the government should ban open cast mining that employs far fewer people, damages the water table and creates environmental havoc.
So says mining expert Peter Major, who is a mining and resources head for Cadiz fund managers.
Speaking on Tuesday at a roundtable discussion at the University of Cape Town’s Graduate School of Business (UCT GSB) Major pointed out that, from a return on investment point of view, platinum was “kak”.
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