Major platinum mining company planning 520 MW renewable generation ....

Major platinum mining company planning 520 MW renewable generation: Platinum group metals mining and marketing company Implats is planning to introduce 520 MW of renewable power as part of an ambition to reduce its carbon footprint by 30% by 2030 and become carbon neutral in 2050. The current carbon generation of the Johannesburg Stock Exchange-listed company is about 3.3-million tons of carbon a year, which it aims to reduce to 2.2-million tons, a saving of 1.1-million tons.a

Forward Looking Ideas.

  Resource Stocks climbed quite nicely as the word recovered from the Covid scourge.How ever the Ukraine war did not cause much slow down in this early activity as many felt this would fizzle out in some sort of agreement and every thing would continue as normal.

  As this now turned into a struggle between the major Western Democratic and Axis Russia and China power blocks we must realise this indeed a war which might not end soon.

  Russia might turn to more dreadful weapons as they don't value human life and suffering as we in the west do if they feel they are losing the contest.

   In these circumstances it would be wise not to buy in to stocks at this stage.In the last couple of months resource stocks have fallen by an average of 30% here in South Africa. This has happened during many particular recessionary phases and they always recover to greater heights quickly after that. 

   How ever this time it would be wise to wait till real sign of recovery persists.

   REMEMBER HASTE CAN CAUSE YOU TO GET IN ON THE GROUND FLOOR AND THEN FIND THAT YOU GET OUT IN THE BASEMENT !

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