How many platinum mines are there in South Africa?
There are currently twelve active or very soon to be active platinum mines in the Bushveld Complex, eleven exploiting the Merensky Reef and UG2 Chromitite Layer, and one, Potgietersrus (an open-cast mine), mining the Platreef of the Northern Limb of the Bushveld Complex.
Where can I mine for platinum?
Platinum is present in thin sulfide layers in certain mafic igneous bodies and is mined in Canada, Russia, South Africa, the USA, Zimbabwe and Australia. Some platinum is obtained as a by-product of copper and nickel processing.
Who buys platinum from South Africa?
African Rainbow Minerals Ltd., backed by South African billionaire Patrice Motsepe, agreed to buy Anglo American Platinum Ltd.’s mothballed Bokoni platinum mine for 3.5 billion rand ($221 million).
What is the price of platinum in South Africa?
around 4.3 million ounces
South Africa is the world’s leading platinum producing country. In 2018, mine production of platinum in South Africa reached around 4.3 million ounces.
How much does it cost to mine platinum?
Typically, the platinum mining process takes five to seven months and may require as much as 10 tons of ore to yield one ounce of platinum. It costs about $1,800 to produce one ounce of platinum. At its most expensive, the production costs for an ounce of gold is about $957 – nearly half of what platinum costs.
Who is the biggest producer of platinum?
South Africa
South Africa is the largest producer of platinum in the world by a significant margin, with a production of between 148 and 112 metric tons each year from 2010 to 2021.
How much is 1kg of platinum in South Africa?
Gold jewellery in South Africa is available in different colours….Highest Last 30 Days.
| Weight | Date | Cost |
|---|---|---|
| Platinum / 1g | 21-Mar-2022 | ZAR 426.75 |
| Platinum / 10g | 21-Mar-2022 | ZAR 4,267.49 |
| Platinum / 1oz | 21-Mar-2022 | ZAR 13,273.39 |
| Platinum / 1kg | 21-Mar-2022 | ZAR 426,749.48 |
Is it legal to sell platinum in South Africa?
No person may export any unwrought or semi-fabricated metals of the platinum group except with the written approval of the Minister. It is an offence to do otherwise.
Why does South Africa have so much platinum?
The scientific research report, published in the Nature international journal of science, states that most of the world’s economically-viable platinum deposits occur as ‘reefs’ in layered intrusions – thin layers of silicate rocks that contain sulphides enriched in platinum group elements which are so vital for the …
Where are the platinum mines in South Africa?
Mined Resources: Platinum Group Metals. Operational Regions: Headquartered in South Africa, Northam Platinum Limited has operations across South Africa in the Mpumalanga and Limpopo Provinces. The two primary Northam Platinum mines are located in the Limpopo Province at Zondereinde, and in the Mpumalanga Province at Booysendal.
What are Aquarius’mining operations?
The company primarily mines gold, palladium, rhodium and platinum (otherwise known as ‘the 4E’) – with the latter accounting for over half of its yield. Within Aquarius’ South African mining complex, its Kroondal operation is the most productive, generating over half of the company’s overall yield, followed by Mimosa, and finally Platinum Mile.
What metals are produced in Aquarius?
Aquarius is a significant primary producer of the platinum group metals (PGMs), which comprise platinum (Pt), palladium (Pd), rhodium (Rh), osmium (Os), ruthenium (Ru) and iridium (Ir).
How are PGMs produced at Aquarius?
The Aquarius operations produce PGMs in concentrate which has to be smelted and refined before the final product is created. The operations have in place life-of-mine concentrate off-take agreements for this further processing. In the case of Kroondal, the concentrate produced is processed by Rustenburg Platinum Mines Limited (RPM).