Miners unite to market platinum
by Allan Seccombe, 19 November 2014, 07:47
in part
"Anglo American Platinum (Amplats), Aquarius Platinum, Impala Platinum, Lonmin, Northam Platinum and Royal Bafokeng Platinum will each fund the council in a formula based on their refined platinum production, and have representatives on the council’s board. The London-based World Platinum Investment Council, funded by SA’s six largest platinum miners, will set up offices in Asia and the US to encourage platinum investment by financial institutions, wealthy individuals and retail investors. "If we see gaps in countries or regions that don’t have exchange-traded funds of the right kind or don’t have enough inventory of bars and coins to stimulate the market and satisfy demand, we will encourage financial services companies to fill those gaps and we’ll work with them to understand what those needs are that haven’t been satisfied," said Paul Wilson, the council’s CEO." continues
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