South Africa’s platinum miners start over

A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.

Chemaf agreed to sell its assets to Chinese defence and industrial giant, China North Industries Corp, or Norinco in June.

The companies announced the verified discovery of one of the largest palladium mineral systems in Australia.

The restart marked exactly a century since the mine first went into production.