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South Africa is home to 80% of the world's known platinum reserves, and produces about 70% of the world's supply. [1] [2] Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. [3] [4] Meanwhile, other costs have risen, putting pressure on the mining industry. [4]
In 2014, a five-month-long platinum strike had resulted in the deaths of four people, [39] six stabbings, [40] and 24 billion rands ($2.25 billion) in lost revenue for the South African platinum industry. The GDP of South Africa contracted in the first quarter of 2014, pulled down by the steepest drop in mining production (25% of which 19% was ...
JOHANNESBURG (Reuters) -Impala Platinum on Tuesday temporarily halted operations at its Rustenburg mining complex in South Africa after 11 workers died and 75 were injured in what the CEO said was ...
An elevator suddenly dropped around 200 meters (656 feet) while carrying workers to the surface in a platinum mine in South Africa, killing 11 and injuring 75 — 14 of them critically, the mine ...
The number of platinum miners employed in South Africa, the world's largest producer of the precious metal, has fallen from a peak of almost 200,000 in 2008 to 175,000 in the face of depressed ...
South Africa produces more platinum and similar metals than any other nation. [22] In 2005, 78% of the world's platinum was produced in South Africa, along with 39% of the world's palladium. Over 163,000 kilograms (5,200,000 ozt) of platinum was produced in 2010, generating export revenues of US$3.82 billion. [24]
Northam Platinum has three main mines in South Africa located at Zondereinde, Limpopo Province, Booysendal, Mpumalanga and Eland North West. Located close to Thabazimbi, the Zondereinde mine produces 280,000oz of refined PGMs a year in 2016 and has an expected life of more than 20 years. [1]: 3 Close by is Northam Chrome that obtains chrome ...
Anglo American Platinum. The Mogalakwena mine is a large open pit mine located in the north-western part of South Africa in Mokopane, Limpopo. Mogalakwena represents one of the largest platinum reserves in South Africa having estimated reserves of 264.9 million oz of platinum. [1] The mine produces around 310,000 oz of platinum/year.