New studies confirm platinum, critical minerals’ deposits
Friday, October 20, 2023 | 3340 Views |
Coming soon: Platinum deposits have been discovered in the western half of the country PIC: HARRY TAYLOR/GETTY IMAGES
The platinum deposits have been spotted in the Gantsi and Chobe areas. Platinum is a rare mineral with wide industrial usages, including in the production of optical fibres and turbine blades.
One of the critical minerals, manganese, has been confirmed to occur in a vast deposit in the Kanye area. A developer in the area is close to commercial operations. The latest discoveries suggest that the mining sector will continue to reap rich rewards for the country, even as its mainstay – diamonds – reaches maturity in the next few decades.
According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...