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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 ...
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]
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 ...
This list of mines in South Africa is subsidiary to the list of mines article and lists working, defunct and future mines in the country and is organised by the primary mineral output. For practical purposes stone, marble and other quarries may be included in this list.
On January 23, 2014, nearly 70,000 AMCU platinum workers in the Rustenburg area went on strike. [4] The strike affected all three of South Africa's major platinum producers, with Lonmin hardest hit. [1] Mines which would otherwise produce around 40% of the world's platinum had seized operating. [5]
Platinum mining in Rustenburg began in 1929, shortly after the discovery of the Platinum Reef by Hans Merensky, later named the Merensky Reef. The mine is located about 3 km from the town centre and owned and managed by the Anglo American plc. According to legend, the farmer that owned the land sold the mineral rights to Anglo American for R10 000.
The city also plays an important role in the South African mining industry: 94% of South Africa's platinum comes from the Rustenburg and Brits districts, which together produce more platinum than any other single area in the world. In addition, there is a large vanadium mine in the district.
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).