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Smokey Hills may be put back to sleep

The Smokey Hills platinum mine in South Africa, purchased less than a year ago by investors Aberdeen International and Pala Investments via their African Thunder vehicle, may be put on care-and-maintenance until platinum group metal prices recover.

Smokey Hills may be put back to sleep Smokey Hills may be put back to sleep Smokey Hills may be put back to sleep Smokey Hills may be put back to sleep Smokey Hills may be put back to sleep

The platinum price has shed about US$200/oz in the past year

The platinum price, currently at US$941 per ounce is almost $200/oz lower than it was a year ago. Palladium has faired even worse, down about $300/oz to current levels just above $500/oz.

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