Investing in precious metal producers such as platinum mining stocks is appealing, given the inflationary forces ravaging the global economy.
1. Manufacturing Platinum's versatility in manufacturing has quadrupled its demand since 1980. Its catalytic properties are critical to the production of fertilizers, and more specifically, platinum's efficiency in converting ammonia to nitric acid paved the way for large-scale fertilizer production.
The silvery-while metal palladium is the most prominent platinum group metal (PGM) following platinum, with global palladium production amounting to 210 metric tons in 2023.
We need to mention that platinum has taken its place alongside gold among the two most popular metals for the manufacture of engagement and wedding rings. Plus, platinum is being plated onto gold jewelry to lend a …
The largest platinum-producing mine is the Bushveld Complex in South Africa, which is a vast mineral-rich area. Within the Bushveld Complex, the highest-yielding mines include Impala, Rustenburg, and Marikana, all contributing to global platinum output. ... This move signifies a strategic step in securing key resources for battery manufacturing ...
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. Enjoy a detailed discussion …
With an increasing focus on the materials requirements of the energy transition, this paper examines platinum as a critical material for fuel cell vehicles (FCEVs) and other …
This article describes the complex and lengthy cycle of operations required to effect complete recovery of the six platinum metals and to yield at the same time electrolytically refined copper …
JOHANNESBURG (miningweekly) – During 2023, platinum has benefited from stellar industrial demand reaching a record level, with 2024 heading for the third-highest industrial demand spot.
The mining complex consists of five highly mechanised open pits and two concentrators on a 37,211 ha Mining Right and the Polokwane smelter 90 km to the east of the mine (Anglo American Platinum, 2021a). Mogalakwena Mine has a life of mine of 76 years, and significant mineral resources and reserves that can extend it even further (ibid).
Platinum mining and processing involve a complex journey, from the extraction of the ore to the final refining and shaping of the pure metal. It is a meticulous process that requires careful planning, adherence to safety protocols, and a commitment to sustainable practices. The environmental considerations in platinum mining have led to ...
The world's top five platinum-mining companies, by annual production. 1. Anglo American Platinum – 2.05 million ounces. Founded in 1995 and based in Johannesburg, South Africa, Anglo American Platinum is the …
The metals and mining sector is the industry dedicated to the location and extraction of metal and mineral reserves around the world. ... platinum, and silver while industrial metals include steel ...
Founded in 1966 and based in South Africa, Impala Platinum Holdings or Implats is a holding company with interests in several mining companies that produce platinum, palladium and other PGMs, as ...
Many may know the platinum-mining firm as Xstrata, but Glencore purchased Xtrata in 2013, dropping that firm's name shortly thereafter. ... palladium, platinum, indium, and others as precious metals and rare metal products indispensable for modern manufacturing, we contribute to effective utilization of resources and development of industry ...
With platinum prices declining due to a seismic demand shift and firms grappling with the high cost of labor and prolonged production-stopping labor strikes, the financial sustainability of platinum group metal (PGM) firms has come under duress since 2012. This article seeks to understand how mining firms have reshaped their strategies to ensure …
To determine which countries are crucial in the platinum mining and metallurgy stages. 3. To study the environmental, social, and economic impacts of platinum production in different scenarios for obtaining and manufacturing materials, and to what extent the use of recycled material influences the final impact. 4.
Although for decades manufacturing has employed more people and produced a greater proportion of gross domestic product (GDP) than mining has, the mining sector continues to form the core of the South African economy as mining-centered holding companies invest in other economic activity. Gold remains the most important mineral—South Africa is the …
Platinum Group Metals (PGMs) are recovered through underground and open pit mining from poly-metallic sulphide ores containing PGMs, Nickel, Copper and other metals: • Platinum (Pt), …
Siyanda Bakgatla Platinum Mine (SBPM) is a rapidly growing, non-listed black-owned emerging Platinum Group Metal (PGM) mining and processing business. ... RST") operates furnaces that process industrial waste material into various …
Both a and c., Buffalo Manufacturing Company is restructuring and closing the platinum mining division. The mine will be closed and its assets sold off over the course of the next three years. When should the costs related to closing of the mine be recognized? a. In the year the restructuring plan is announced to the board of directors.
Similar to other top platinum-producing countries, Finland's platinum output primarily results from the mining of other metals. A good example is the Hautalampi Nickel-Cobalt-Copper Project ...
The city's platinum industry is supported by PMR, the world's largest platinum refinery, which processes around 70% of the world's platinum. The mining industry has played a significant role in the city's growth and development, and it continues to …
Platinum is found primarily in South Africa, which accounts for the majority of the world's production. Other significant sources include Russia, Zimbabwe, and Canada. In the United …
Platinum mining in Canada began after the metal was discovered in Ontario in 1888 amongnickel–copper ores. It can usually be found alongside other platinum-group metals (PGMs).
Manufacturing of catalytic converters for use in exhaust systems in internal combustion vehicles is the largest use of these metals. ... Canadian mine production of platinum group metals, by element, 2022 (p) Johnson Matthey, PGM market report, May 2023;
Two of the four most significant minerals in South Africa's commodity footprint are at risk of reduced demand in the future: thermal coal and platinum group metals (PGM—platinum, palladium, rhodium). In terms of sales volume, thermal coal and PGMs are the largest mining sectors in South Africa, accounting for ~50% of total sales in mining ...
Mineable platinum group metal (PGM) deposits are rare and found in relatively few areas of the world. At the same time, the use of PGM is predicted to expand in green technology and energy applications, and PGMs are consequently currently listed as European Union critical metals. Increased mineralogical complexity, lower grade ores, and recent PGM …
This Zimbabwean platinum mine is owned by Zimplats and Impala Platinum. The Unki mine is located in central Zimbabwe in the Midlands Province. It is owned by Anglo American Platinum. The country's production of platinum is expected to grow further with Karo Resources breaking ground on the Karo Platinum project in July 2018 at Mhondoro-Mubaira.
Platinum mining in South Africa. In South Africa, the discovery of the first platinum nuggets dates back to 1924. 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. This discovery started with test work in the area around ...
Zimbabwe's mining sector is highly diversified, with close to 40 different minerals. The predominant minerals include platinum group metals (PGM), chrome, gold, coal, lithium, and diamonds. The country boasts the second-largest platinum deposit and high-grade chromium ores in the world, with approximately 2.8 billion tons of PGM and 10 ...
