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Japan state firm to auction stake in platinum mine

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

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


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