Mandela Platinum Coin Seen Adding 8% to Global Demand
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Demand for a proposed platinum coin named after Nelson Mandela could be as high as the equivalent of one million ounces of the metal a year, about 8 percent of total use, Impala Platinum Holdings Ltd. said.
Platinum producers in South Africa, the country that accounts for more than 70 percent of the precious metal mined, are in talks with the government to introduce a Mandela Platinum coin as legal tender, Johan Theron, a spokesman for Johannesburg-based Impala, said today by phone.