UK 02:10 Saturday, 7 November 2026
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Platinum mining in South Africa has been a decidedly challenging business of late, with a prolonged miners’ strike rising costs and weak prices combining to sap confidence at many companies. One exception to the sombre tone is AIM-quoted Sylvania Platinum (SLP), whose Chief Executive Officer Terry McConnachie sounds in robust mood, as he suggests the company could receive an official mining right approval for its five to six million-oz. Volspruit open-cast platinum group metals (PGM) project in South Africa’s Bushveld region ‘within one to three weeks‘.
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Comments
Daniel Victor
What is the situation regarding
Palladium vs Platinum for catalytic converters ? Palladium is still cheaper,and I got the impression that either could be used.
Langley
Depends upon fuel … plus MIT have developed a tungsten compound which is cheaper and a possible alternative.
However, SLP is projected to give a 5% dividend with a dividend cover of 4 for 2015.