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Why Tharisa could be worth double its market value
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1 Articles
Why Tharisa could be worth double its market value
THE irony of the government’s proposed chrome tax, aimed at encouraging local beneficiation of minerals, is that it punishes companies that do most to beneficiate. Platinum is refined to a purity level of 99.95% before it is exported from South Africa. Yet the metal’s miners face a reported 25% levy on chrome byproducts that occur naturally with platinum group metals (PGMs). If that sounds like madness, consider the plight of the lesser lights o…
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