China has placed platinum on its 'restricted' list of metals for companies looking to invest in or explore mineral reserves in the country.

The country has announced a new list of non-renewable mineral resources that it uses when examining and approving project applications from foreign companies.

Platinum's position as a restricted metal means that it will be difficult for foreign firms to invest in platinum group metal (pgm) exploration and development programmes in the country.

The new guidelines are due to take effect on December 1st this year, China's Ministry of Commerce stated.

The new list has placed tin, tungsten and antimony among others in the prohibited category for foreign investment.

Source:

China to bar foreign investment in non-renewable mineral resources, 7/11/07
http://www.cnbc.com/id/21666535

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