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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]
Mining industry of South Africa. An aerial view of the Two Rivers mine in Steelpoort, Limpopo, owned by both African Rainbow Minerals and Impala Platinum holdings limited. Mining in South Africa was once the main driving force [1] behind the history and development of Africa's most advanced and richest economy. [2]
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 ...
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 ...
In 2014, a five-month-long platinum strike had resulted in the deaths of four people, [22] six stabbings, [23] and 24 billion rand ($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 ...
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 five-month-long platinum strike resulted in the deaths of four people, [11] six stabbings, [12] and 24 billion rand ($2.25 billion) in lost revenue for the South African platinum industry. The GDP of South Africa contracted in the first quarter of 2014, [13] pulled down by the steepest drop in mining production, 25% of which 19% was ...
The Two Rivers mine is a large bord and pillar mine located in the north-eastern part of South Africa in Steelpoort, Limpopo.Two Rivers represents one of the largest platinum reserves in South Africa having estimated reserves of 100 million tonnes of ore grading 1.8 gr/t platinum, 1.07 gr/t palladium and minor grades of gold, rhodium, ruthenium and iridium. [1]