Lonmin CEO Warns of Coming Platinum Supply Shortage

Mining Weekly reported Lonmin’s (LSE:LMI) CEO Ian Farmer said South Africa’s platinum supply is risking supply disruption.

As quoted in the market news:

Farmer told the Investing in Africa Mining Indaba conference in Cape Town that, while supply disruption would have a marked impact because of platinum’s use in hitech consumer goods, there was currently a heightened risk of such supply disruption occurring.

Government safety stoppages, labour management difficulties, skills shortages, transformation and equity ownership challenges, rising community expectations, resource nationalism and high electricity prices were making operating in South Africa increasingly difficult, he said.

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