[miningmx.com] – THERE were no talks among central bankers in the South African Reserve Bank (SARB) about upgrading platinum to a recognised reserve asset, said Reuters citing Hlengani Mathebula, a spokesman for the bank.
“Feasibility studies conducted by the SARB previously around the possibility of adding platinum to reserves … suggested that the status quo should remain,” Mathebula told Reuters in an e-mail.
South Africa’s mining industry, unions and the government want to boost platinum’s sagging fortunes by promoting it as a central bank reserve asset, part of a broader plan aimed at stemming job losses in the shafts, said Reuters.
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