South Africa mine industry job plan targets platinum as central bank reserve asset
By GCRU Gold News on Sunday, August 30 2015, 01:33 - Permalink
South Africa's mining industry, unions and the government have committed to a broad plan to stem job losses, including boosting platinum by promoting the metal as a central bank reserve asset, according to a draft agreement seen by Reuters on Wednesday.
The draft agreement lays out 10 wide interventions including getting the BRICS group of emerging nations to hold "platinum as a reserve asset" - like gold - in their central banks. Brazil, Russia, India, China and South Africa comprise the BRICS.