"China is set to make its second largest investment in Africa outside the energy sector by ploughing $877m into South Africa's platinum industry. ... For the first time, Beijing will take a direct stake in the continent's platinum reserves, the majority of which are in South Africa. ... 'This is a very significant strategic play because it gives China its first direct access to platinum,' said Martyn Davies, chief executive of Frontier Advisory, a Johannesburg company that worked with [platinum miner] Wesizwe", Richard Lapper at the FT, 26 May 2010.
Go China. Better platinum than dollars.
1 comment:
Wow...
Tim Geithner hanging around Beijing chatting in Mandarin doesn't seem to have much effect on the Chinese.
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