Platinum mining Platinum has several strategic joint ventures (JVs) in which it holds significant interests, namely, Modikwa Platinum Mine (50%), a JV with African Rainbow Minerals Mining Consortium Limited and Kroondal (50%), a JV with Sibanye-Stillwater. However, platinum mining May 3, 2018 · Global platinum production has been dominated by the top 10 largest platinum mining companies in the world for last several decades. It is our mission to develop a safe, state-of-the-art , sustainable mining operation, with downstream beneficiation, fully supported by the regional communities, and thereby creating Elsewhere, Platinum owns Unki Platinum Mine in Zimbabwe. As Russia’s largest mining company, it also extracts other precious metals like silver, cobalt and selenium as by-products. 26% and is expected to rise by a CAGR of 0. In 2023, the Zimplats mine produced approximately 282. Aug 23, 2024 · According to GlobalData, the US is the world’s fifth-largest producer of platinum in 2023, with output down by 1. The Bokoni Platinum Mine (49%), which is on care May 12, 2024 · The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy. Step by Step Guide to Platinum Production Enjoy a detailed discussion on the history of platinum mining and refining, including facts, figures, pictures and charts to help explain. Jun 12, 2024 · Premium Statistic Platinum mine production in Zimbabwe 2012-2021 Premium Statistic Global leading platinum mines in 2023, based on output Apr 5, 2017 · Its platinum production reaches 683,000 ounces. 8% and is expected to rise by a CAGR of 3% between 2023 and 2027. Recycling accounts for a notable portion of the global supply of PGMs. shareholders in Mar 1, 2024 · Platinum prices fell due to weaker growth in China and destocking by manufacturers post-Russia-Ukraine invasion. It is the most cost-effective method for large-scale extraction. 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. May 24, 2022 · There are four primary sources where platinum is mined in Zimbabwe: Mimosa, Zimplats, Ngezi, and Unki. Anglo American Platinum 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe The Bokoni mine has heralded some of Africa’s most expansive mining discoveries and is headed by world-renowned Bokoni Platinum Mines. Wesizwe’s core project is the Bakubung Platinum Mine (formerly known as the Frischgewaagd-Ledig project). 57% Micro Gold Futures $ 3147. Oct 26, 2020 · Learn about the largest platinum-producing companies, their locations, assets and products. Many of the new platinum mines to the north of Dec 31, 2023 · The Stillwater mine has two principal mining sections: the Western section, which has been in operation since 1986, produces approximately 260-300koz 2E per annum of platinum and palladium in concentrate; and the Stillwater East section, which is still in a buildup phase. Our market development activity is industry leading, encompassing a holistic ecosystem of programmes and workstreams to support PGM relevant innovations from the spark of an idea, through commercialisation to creating and Key facts. 05 million ounces. Oct 19, 2022 · Oil is an important component of platinum production because a large amount of oil is used during mining operations. It's a place where you can make a difference. Filters Basic Data Points Ticker Last Price (native) Change (native) Change (%) Day Aug 23, 2024 · According to GlobalData, South Africa is the world’s largest producer of platinum in 2023, with output up by 0. Our portfolio spans iron ore and manganese, metallurgical and thermal coal, copper, nickel, niobium and phosphates, platinum and diamonds. Aug 24, 2021 · The future of platinum mining in Rustenburg is under threat because of the rise of electric cars and the cost of underground mining in the area. As one of the lesser known We are one of the world’s largest mining companies. In South Africa, the discovery of the first platinum nuggets dates back to 1924. Apr 2, 2025 · However, platinum mining stocks are small and highly volatile in price, and many aren’t publicly traded in the U. Aquarius Platinum Ltd. The firm has partners like Impala Refining Services which they sell products to. Platinum mining plays a significant role in various industries, from jewelry to automotive and electronics. Bakubung Platinum Mine. It is often found mixed with other metals, and extraction requires a series of processes, including flotation, smelting, and refining. Platinum prices rallied during the COVID-19 pandemic but are still down more Mar 27, 2025 · Develop and oversee environmental management plans to minimize the impact of mining activities and promote sustainability. Feb 6, 2019 · The National Platinum Strategy for South Africa, developed by the Platinum Leadership Forum which comprises platinum producing members of the Minerals Council, is aimed at addressing the current crisis, preventing further erosion of the economic capacity of the industry and ensuring that the world’s largest PGM resource realises its full value through the addition of more than 1 million jobs Several platinum hotspots(5) in this ring. In 1998, Delta demerged its platinum interests into a special purpose vehicle; Zimplats. Impala Mine. The look and value of the precious metal led to it becoming known as "white gold", although the word platinum comes from the Spanish platina, or "little silver". 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. This is the video in question: Dec 7, 2020 · The mine was ranked fourth in the platinum mining class for best safety performance and was awarded the technical innovation safety award for its vehicle/person detection system. Owned jointly by African Rainbow Minerals (ARM) and Anglo Platinum, the mine began operations in the mid-1920s. In 2023, Canada’s mine production of PGMs was approximately 702,000 troy ounces, with about three quarters originating from mines in Ontario. Mining and refining platinum Jun 30, 2024 · Anglo American Platinum Limited is a member of the Anglo American plc Group and is a leading primary producer of platinum group metals. Both open-pit and underground mining methods are used, depending on the location and depth of the deposit. The mine is an underground operation extending over an area of 14,278ha. Anglo American Platinum is committed to the highest standards of safety and continues to make a meaningful and sustainable difference in the development of the Oct 26, 2020 · The world’s top five platinum-mining companies, by annual production 1. The price is believed to be around $1. Exploration for platinum mine and research on the genesis of deposits have grown significantly in recent years in an effort to disrupt South Africa’s and Russia’s supply monopolies on the world’s platinum ore resources (Maier, 2005). We also observe the performance of platinum mining companies, active platinum mining operations, and the progress of major platinum mine development and exploration projects around the world. May 6, 2015 · The Mogalakwena mine is a priority asset and the flagship operation in our Platinum portfolio. 2/oz, as per GlobalData’s recent report, Global Platinum Mining to 2030. 04 ounces of platinum. It can usually be found alongside other platinum-group metals (PGMs). May 15, 2024 · Global platinum prices remained unchanged in 2023, averaging $1,060. We shape the industry, the communities around us and the world. As a leading platinum mine, we understand the value of strong partnerships. Zelensky will be visiting South Africa on April 10th. This method combines increased industrialization and trackless-mining methods in steps. Apr 25, 2017 · The United States is the fifth largest producer of platinum in the world, despite only having one mining company that mines platinum. This was only a slight increase of 0. The color varies depending on the angle it's viewed from, ranging from silver to black. Miners extract platinum-bearing ore through shafts and tunnels, which are then transported to processing Platinum is found in its pure native form or in platiniridium, a natural alloy of platinum and iridium. As Platinum is so incredibly rare it can take about as much as 10 tonnes of ore to find one ounce of Pilanesberg Platinum Mine (PPM) is a leading South African diversified mining and minerals company with operations in South Africa and Malaysia. Over the five years to 2022, production from South Africa decreased by a CAGR of 3. Mogalakwena Mine has a life of mine of 76 years, and significant mineral resources and reserves that can extend it even further (ibid). About Impala Platinum. Zimbabwe remains a hotbed for platinum mining because of its unique geography and structures that lend themselves to the production of platinum. 6B. Two Rivers Platinum Mine is a joint venture between African Rainbow Minerals (ARM) (54%) and Impala Platinum (46%) and is managed by ARM. Nov 12, 2021 · The last time platinum was fashionable in the Australian mining sector, Dr Steve Barnes was working as an exploration geologist on a target near the West Australian hamlet of Yarawindah Brook. Jun 18, 2024 · The brownfield mine produced an estimated 172. Dec 25, 2020 · The Modikwa platinum mine lies along the border between the Mpumalanga and Limpopo provinces, around 15km north-west of Burgersfort. World Mine Production and Reserves: Reserves for Russia were revised based on Government reports. 3 days ago · Platinum Mining Stocks Listed in All Countries Updated: Apr 09, 2025 . Over the five years to 2022, production from Canada decreased by a CAGR of 7. Over the five years to 2022, production from Zimbabwe increased by a CAGR of 0. Apr 4, 2025 · "One of South Africa's leading platinum mining companies. A plunge in the copper price on Friday turned the mining sector into one of Aug 23, 2024 · According to GlobalData, Canada is the world’s fourth-largest producer of platinum in 2023, with output up by 13% on 2022. " The text at the bottom of the video, which includes an "SABC News" logo, says: "Zelenskyy purchased a controlling stake in Northam Canada is a major global producer of PGMs, ranking third in palladium production and fourth in platinum production. 53% Apr 4, 2025 · In case you were wondering how your tax dollars are being spent - Zelensky just purchased a 51% stake in one of the biggest platinum mining companies in South Africa - Northam Platinum. 1 / ozt 1. Buy the profile here. See full list on geologyscience. Gold and silver present, as well as serendibite, monazite and rhodplumzite. Learn all about platinum as a precious metal, and the centuries long processes of mining and refining that have made it so integral to many parts of the world. South African- and London-listed Tharisa produced 32 500 oz of platinum, palladium, rhodium, ruthenium, iridium and osmium (6E) platinum group metals (PGMs) from its Tharisa mine, on the western About us. The property consists of various portions of the farm Frischgewaagd 96 JQ and Ledig 909 JQ. Platinum Group Metals: Beyond Platinum. Apr 8, 2024 · Dublin, April 08, 2024 (GLOBE NEWSWIRE) -- The "Global Platinum Mining to 2030" report has been added to ResearchAndMarkets. Underground Mining. Enjoy a detailed discussion on the history of platinum mining and refining, including facts, figures, pictures and charts to help explain. The geologist Hans Merensky’s follow-up work resulted in the discovery of two deposits, each around 100km in length, which became known as the Bushveld Igneous Complex. Although the demand and consumption of platinum remain high all over the world, the production of platinum is highly concentrated, with the top five largest platinum mining companies representing over 70% of the world’s total platinum output. uwlhxsuhyuueutwiposijwyfieosotlfozkvvabugztunnuvqcyetoxlpivzrbzrefmynyf