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Message: Implats Has Its Sights on Junior Miners

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Implats Has Its Sights on Junior Miners

posted on Aug 29, 08 02:55PM

http://allafrica.com/stories/2008082...

"Implats expected that the platinum market would be close to balance this year, instead of showing a deficit of 600000oz as it predicted in February, as demand from the motor catalyst and jewellery sectors was falling and there had been an increase in platinum jewellery recycling from Japan. But demand had not collapsed. Increasing use of vehicle catalysts in response to tightening legislation would continue in developed and developing economies.

CEO David Brown said he would not comment on specific acquisition opportunities but Implats believed medium- and long-term fundamentals for the market were good and it was interested in acquiring more resources to increase its future organic growth pipeline."

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