Impala Platinum said it was offering voluntary job cuts to workers at some of the world's deepest platinum mining shafts in South Africa in a bid to cut costs as prices for the metal fall.
Mining in South Africa has been a contentious issue since 15-year-old Erasmus Stephanus Jacobs discovered South Africa's first diamond, the Eureka, in Hopetown in 1867.
Platinum mining in South Africa, or mining for Platinum Group Metals (PGM), is widespread on the African continent, and South Africa holds over 80% of the world's reserves.
This paper considers the fundamentals affecting the South African platinum industry. It offers a brief overview of the current challenges faced by the platinum sector in general, and Anglo American Platinum in particular. It also examines the difficulties South...
With the too-high economic cost of a lost opportunity looming, immediate measures are required to assist the platinum group metals mining sector to improve its viability and preserve employment.
The History of Mining in South Africa. The history of mining in South Africa dates back to the 16th century when the Dutch and Germans started extracting gold and diamonds from the mines near Johannesburg. In 1886, Anglo American Mining Co. discovered gold at Witwatersrand and began operations.
In 2023, South Africa's platinum group metals (PGM) mining industry employed some 181,806 people, which made it the largest employer of all mineral commodities produced in the country.
Implats is one of the world's foremost producers of platinum and associated platinum group metals (PGMs). Implats is structured around five main operations. Our operations are located on the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe, the two most significant PGM-bearing ore bodies in the world.
South Africa is blessed with various lucrative mineral resources, including platinum, and the mining sector keeps contributing massively to the country's growth. In fact, many of the richest individuals and companies in South Africa earned their wealth from this sector.
We mine 40% of the world's platinum group metals at the Mogalakwena, Amandelbult, Mototolo and Unki mines. Learn more about our platinum mining here.
South Africa has the world's largest reserves of platinum group metals and manganese, along with some of the largest reserves of gold, diamonds, chromite ore, and vanadium.
According to GlobalData, South Africa is the world's largest producer of platinum in 2023, with output up by 0.66% on 2022. Over the five years to 2022, production from South Africa decreased by a CAGR of 3.26% and is expected to rise by a CAGR of …
A major development in the world's platinum industry took place in the early nineteen twenties when large deposits of platinum bearing ore were discovered in the Transvaal in South Africa. This led to the formation in 1931 of Rustenburg Platinum Mines Limited to work these deposits, and this company remains to this day the only platinum producer …
Platinum mining in uncertain times: producers navigate revenue losses and weaker demand. Platinum supply has dropped due to weak demand, causing revenue losses and job cuts in South Africa, the largest producer. What's the outlook for the global platinum mining industry and South Africa's share in it?
However, mining in South Africa has the legacy of silica exposure, silicosis and tuberculosis, which contribute substantially to mortality and morbidity of miners. In this review, particulate and chemical hazards associated with mining industry in South Africa are identified and critical issues in the management of those hazards are discussed.
Platinum mining is a big business, particularly in South Africa. In fact, South Africa is the largest producer of platinum in the world, accounting for 80% of the world's supply.At Scribante Group, we've assisted on numerous platinum mining projects in South Africa. Let's look at the country's production in more detail to understand why …
Looking ahead, global platinum production is expected to increase at a 1.3% annual compound growth rate (CAGR) to 6.6moz by 2030. South Africa will remain the world's largest supplier of platinum ...
An accident at a platinum mine in South Africa has killed 11 workers and injured 75, the mine's operator says. Impala Platinum chief executive Nico Muller described it as the "darkest day" in the ...
South Africa leads the world in platinum production, contributing the majority of the global supply. Russia follows, with significant contributions from its Norilsk deposits. Zimbabwe, Canada, and the United States also play important roles in the global platinum supply chain, each with their unique mining operations and refining capacities.
South Africa's mining sector delivered a sterling performance in the past year, despite several local and global challenges.
ASX- and JSE-listed Southern Palladium finds in a scoping study that the Bengwenyama platinum group metals (PGMs) project, in the Bushveld Complex of South Africa, has the potential for a 26-year ...
Zijin, Nkwe launch Garatau platinum mine. China-headquartered Zijin Mining Group, through its South African subsidiary Nkwe Platinum, on May 13 announced the start of …
Find the most important statistics and facts on the mining industry in Africa. ... specifically in South Africa, which has platinum reserves of 63,000 metric tons. In 2021, ...
South Africa's worst ever power blackouts are threatening platinum and palladium supplies in the top miner, both now and in the years ahead. Outages last year curbed output of the metals, and ...
It provides insight into a developing country African context and an in-depth view of the complex ESG risks around PGM mining in South Africa. Given South Africa hosts 91% of global PGM resources, understanding and addressing these ESG risks is critical for ensuring long-term PGM supply and enabling a just energy transition.
This is an undated photograph of Impala Platinum mine shaft 11, provided by Implats on Tuesday, Nov. 28, 2023, near Rustenburg, South Africa. 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, the mine operator said Tuesday.
Based in South Africa, our platinum business is the world's leading primary producer of platinum group metals (PGMs). We provide a complete resource-to-market service, …
Restructuring of South Africa's platinum group metals (PGM) industry in response to rising costs and falling prices could result in between 4,000 and 7,000 job cuts, the country's Minerals Council ...
Siyanda Bakgatla Platinum Mine (Pty) Ltd (Union Mine) is a PGM Producing Mine located in Swartklip, in the Province of Limpopo, the Republic of South Africa. The Mine was acquired from Anglo American Platinum effective from the 1st of February 2018 by Siyanda Resources and the Bakgatla-Ba-Kgafela Joint Venture.
> South Africa has the world's largest reserves of platinum group metals (PGMs) and manganese, and some of the ... > South Africa's mining industry is the fifth largest globally in terms of gross domestic product (GDP). > The mining sector contributed R356bn or 7.3% to South Africa's GDP and accounted for 25% of the country's total ...
Discover Bokoni Platinum Mines, a mining company dedicated to progress, excellence, and community partnership. A subsidiary of Africa Rainbow Minerals Limited (ARM), we embrace inclusivity and sustainability in everything we do. Join us in shaping a brighter future through quality, safety, and lasting change.
Our intention is to enter into Platinum Group Metals (PGM) mining in South Africa as the launch pad for growing into a significant multi-commodity mining Company that sets …
In what seems like an annual event, platinum companies in South Africa are bracing for what could be another year of labour unrest.
Global mine supply of platinum will fall by 500 000 oz to a million ounces as South Africa's power shortage lowers production from 2023 to 2027, independent precious metals consultant Dr David ...
Predicted shortfalls in platinum production caused by South African mining issues have caused investors to swarm, increasing the price.