Search results
Results from the WOW.Com Content Network
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.
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).
In addition to the gemstone mining and production assets the Group also owns and operates the Fabergé luxury brand. Gemfields holds additional stakes in companies based in Zambia, Mozambique, Ethiopia and Madagascar. It also holds an indirect minority stake of 6.5% in platinum-group metals producer Sedibelo Platinum Mines Limited.
According to Mining Weekly, the union sees itself as distinct from NUM in that it is "apolitical and noncommunist". [ 2 ] Competition with NUM over bargaining rights, especially at the Impala Platinum and Lonmin mines in the Rustenburg area culminated in the violent Marikana miners' strike and what became known as the Marikana Massacre on 16 ...
African Rainbow Minerals Limited is a mining company based in South Africa. ARM has interests in a wide range of mines, including platinum and platinum group metals (PGMs), iron, coal, copper, and gold. [2] ARM's Goedgevonden coalmine near Witbank is a flagship of their joint venture with Xstrata, and produces 6.7 million tons of coal per year. [3]