Growth in the platinum market could be hindered by the continued problems being caused by the South African power crisis.

Impala Platinum has voiced concerns that it may not be able to develop new platinum production operations because of the lack of power.

The firm has already said that it must make a decision by year-end on whether or not to proceed with the development of the Leeuwkop mine.

Eskom has guaranteed enough power to sink a twin-shaft system but there are no guarantees that it would be allowed to operate the shaft when in production.

Les Paton, Executive Director of the firm, said it would work closely with Eskom to ensure there were no errors made.

He said the mine was due to start production from 2012/2013 and expected the power situation to be in better shape by then.

"The project goes to the Implats board for approval in December, at which point we'll make a call on Eskom's promises on future power supply," Mr Paton said.



Source:

Eskom could trip SA platinum growth plans 20/06/08
http://www.miningmx.com/platinum/625445.htm