South African Demands on Mining Threaten Output, Impala Says
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South Africa risks cutting the mine output that contributes 8.8 percent of the economy as calls from within the governing political party for a state takeover of the industry deter investors, Impala Platinum Holdings Ltd. said.
“Investors, the traditional suppliers of risk capital to this industry, are getting cold feet,” David Brown, 48, chief executive officer of Impala, said yesterday in a speech in Johannesburg. “The risk associated with future investment in South African mining has increased considerably as seen from the outside world” because of dangers including nationalization.