[miningmx.com] – PLATINUM group metal miners may have to tap the market for as much as R24bn in finance unless prices for the metals improved, said BDLive citing research by Macquarie First South.
“The current pricing environment in the PGM mining sector is creating significant financial stress in the industry, which in turn could affect the long-run sustainable production capabilities in South Africa,” it said.
“If metal prices do not increase from current levels in the near term, the survival of the larger platinum companies will depend on the appetite of debt and equity markets,” the bank said.
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