anc - mining tax, page-4

Hi Porthos

Thanks for the heads up. I just went searching on Kitco.com and found these reports.

'Business Day reported this week that the ruling African National Congress looks likely to rule out mine nationalisation in favour of improved beneficiation'.
'A report to be debated by the party's national executive committee this weekend argues that nationalisation would be too costly and unconstitutional'.
http://www.platinum.matthey.com//media-room/news-room/south-africa-to-impel-platinum-beneficiation/801283435.html

'The stresses that have afflicted South Africa's platinum miners for the best part of a year appear to be coming to a head'.
http://www.businesslive.co.za/southafrica/sa_markets/2012/02/04/tougher-year-for-platinum-mines

Good lead from US/European markets, should be positive start for the week.

Gus