Investors Shunning the World’s Richest Mineral Deposits
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South Africa has the world’s richest mineral deposits, with $3.3 trillion in platinum, gold, iron ore and coal. That’s not enough to satisfy investors.
Extended labor strikes, aging mines and regulatory uncertainty have dragged the stock-market values of South African miners to a four-year low compared with global peers. At the start of 2013, the stocks traded with almost no discount.