The world’s top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, northwest of Johannesburg. That almost doubles the area it has given to communities to 473 hectares since 2014.
Fiat Chrysler’s recall of almost 862,520 gasoline-fueled vehicles could spur additional demand for the palladium market already reeling from shortages.
The Seagull Lake property is 90 kilometres north of Thunder Bay, Ontario, Canada, and consists of 133 claim cells totalling approximately 2,128 hectares.
Foreign platinum and diamond miners have been restricted to only 49 percent ownership of their Zimbabwe operations by the black economic empowerment law.
