From Reuters via MineWeb:
CAPE TOWN (Reuters) -
South Africa may take unspecified "interventions" in the gold and platinum sectors as part of a state plan to maintain the viability of the industries, mines minister Susan Shabangu said on Tuesday.
"I have directed my officials to urgently explore all available avenues and develop a rescue plan," she said in a speech to parliament.
There would be a "particular focus on both supply and demand-side interventions," she said.
The world's top platinum producers, South Africa and Russia, agreed to attempt to cope with excess supplies of the metal through a memorandum of understanding signed in March during the BRICS emerging market powers meeting in Durban.
Shabangu gave no other details as to what the interventions might involve....MORE
