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This deal would allow work to start on platinum production at the Bakubung Platinum Mine. [10] [11] In January 2013, Wesizwe Platinum confirmed that it had received a $650 million loan from the China Development Bank for the development of the Bakubung project. Part of the loan would be used to refund two separate $100-million short-term loans ...
Rank Country/Region Platinum production (kilograms) Year World 180,000 2019 1: South Africa: 130,000 2019 2: Russia: 22,000 2019 3: Zimbabwe: 15,000 2019 4: Canada
The Bafokeng mine is a large open pit mine located in the north-eastern part of South Africa in Rustenburg, North West. Bafokeng represents one of the largest platinum reserves in South Africa having estimated reserves of 47.9 million oz of platinum. [1] The mine produces around 171,000 oz of platinum/year. [1]
Mining companies now pay royalties to the nation in exchange for the right to mine these metals. A court settlement in 1999 with Impala Platinum Mining (Implats), the second-largest platinum company in South Africa, gave the Royal Bafokeng Nation a 22 percent royalty on all platinum taken from their territory and an ownership stake in Implats.
Pages in category "Platinum mines" The following 2 pages are in this category, out of 2 total. This list may not reflect recent changes. L. Lac des Iles mine; X.
Pages in category "Platinum mining companies" The following 12 pages are in this category, out of 12 total. This list may not reflect recent changes. A.
The National Union of Mineworkers (NUM) is a mainly mining industry related trade union, an organisation of workers with common goals through organised labour, in South Africa. With a membership of 300,000 as of 2014 [update] , it is the largest affiliate of the Congress of South African Trade Unions (COSATU).
The Bophuthatswana administration also negotiated with the Bakubung tribe to purchase their land within the southern region of the park. The tribe was offered land on adjacent farms Zandrivierspoort, Palmietfontein, and Mahobieskraal, in exchange for portions of the farms Ledig, Koedoesfontein, and Wydhoek, on a hectare-for-hectare basis.