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The price depends on the structure of the market, and we will form the structure of the market.. Platinum and palladium prices rose following his comments. South Africa and Russia had signed only a framework accord, he said, with details yet to be decided.onde Maoto. SA and Russia plan âplatinum Opecâ in move to corner the global market. AN AMBITIOUS plan by South Africa and Russia to set up an Opec-style body to co-ordinate platinum exports has been described as a long shot that could harm the industry in the longer term.
International mining companies dominate the industry in the extraction of gold and diamonds, with additional small scale mining operations scattered across the country. Tanzania is the fourth-largest gold miner in Africa behind South Africa, Mali, and Ghana, and in 2010 accounted for 2% of the world's gold output.