MOSCOW, South African Mineral Resources Minister Mosebenzi Zwane has called on South Africa and Russia to work together to look at ways of ensuring demand sustainability in the platinum group metals industry in the face of falling commodity prices.
“Being the two largest producers of these metals, in particular platinum and palladium, it is important that we ensure demand sustainability and seek ways to leverage benefits from these metals, Zwane said here Tuesday. He is currently attending the 2nd Conference on Platinum Group Metals.
Zwane stressed the importance of collaboration in areas where the two countries share strength, especially as far as the platinum group metals are concerned.
The conference is based on the memorandum of understanding (MoU) signed between the two countries on the margins of the Brazil, Russia, India, China, South Africa (BRICS) conference held in Durban in 2013.
The MoU also details areas of co-operation between the two countries in areas of skills development, research and development as well as investment opportunities between the two countries, especially in the platinum sector.
Zwane’s delegation includes senior leaders from Mintek, the Mine Health and Safety Council, the Council for Geoscience and representatives of Junior Miners. Mintek is an autonomous research and development organization specialising in all aspects of mineral processing, extractive metallurgy and related technolog.
Source: NAM NEWS NETWORK