Platinum Australia Considers Partner for $170 Million ProjectBy...

Platinum Australia Considers Partner for $170 Million Project
By Michelle Yun - Mar 19, 2012 11:01 PM GMT+1000 .LinkedIn Google +1 Print QUEUEQ..March 20 (Bloomberg) - Platinum Australia Ltd. (PLA), operator of a mine in South Africa, is considering a Chinese partner to develop a $170 million project in Western Australia that may hold the biggest reserve of the precious metal in Asia-Pacific.

The Panton mine will be able to supply customers in Japan and China, Managing Director John Lewins said in an interview in Hong Kong. China, the largest consumer of platinum, barely produces any of the metal used in everything from jewelry to automobile catalytic converters, he said.