You are here

Japan state firm to auction stake in platinum mine

Jogmec prepares to sell its 28% interest, potentially to Japan trading houses

BT_20150606_CPPLAT6_1707040.jpg
PRICE PLUNGE: Platinum trades at about US$1,100 an ounce now, down by almost half from its 2008 peak.

Tokyo

JAPAN'S investment several years ago in a promising platinum deposit in South Africa is about to pay off in a big way for Japanese carmakers. State-run Japan Oil, Gas and Metals National Corp (Jogmec) is preparing to auction its 28 per cent stake in the project, potentially to

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom