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.
For investors interested in the PGM sector in Africa, South Africa seems to be the logical starting point. It has the lion’s share of the continent’s platinum mining projects – in excess of 80 PGM mining projects, the majority held by only 11 platinum mining companies.
Zimbabwe places second with 8 platinum mines and Botswana third with 2. The remaining platinum mining activity on the sub-continent is split, with Gabon, Uganda, Mozambique and Tanzania each having only 1 platinum or PGM mine.
The platinum mining industry in South Africa increased production from 163 tons in 2010 to almost 200 tons in 2017, with total sales of over R 9 billion. Africa Mining IQ currently tracks 82 platinum projects across South Africa across all stages of development. As of March 2018 these are:
Africa is one of the most mineral-rich continents in the world. Resources in Africa are still largely untapped and despite the hundreds of mining projects in Africa, there is massive room for growth. The future of mining is in Africa – but not without research and guidance. All our research is available to Africa Mining IQ subscribers.
South Africa accounts for approximately 80% of the world’s platinum supplies, and its palladium production represents about 40% of the world’s gross production.
PGM is concentrated in South Africa’s 2 billion-year old Bushveld Igneous Complex, especially in complexes found in the Limpopo and North West provinces.
Platinum is found alongside other PGMs. In South Africa's Bushveld complex – and a limited number of other mineral bodies – PGM occurs in adequate quantities so that it is cost-effective to extract these metals exclusively. However, the overall platinum mining process is labour and capital intensive taking half a year or more and 12 tons of ore to produce one troy ounce (31.135 g) of pure platinum.
For up-to-the-minute reporting on platinum and other mining activities in South Africa, read more about a tailored subscription to Africa Mining IQ, the continent’s largest mining information service with over 1 900 mining projects listed. Each project is tracked, analysed and monitored for the duration of its development, from grassroots and pre-feasibility to fully operational and right through to closure.
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The platinum mining industry in South Africa increased production from 163 tons in 2010 to almost 200 tons in 2017, with total sales of over R9 billion. Africa Mining IQ currently tracks 82 PGM projects across South Africa across all stages of development.
The geographic breakdown of platinum mines in each province is:
For those wanting to invest in the South African platinum mining industry, 26 PGM mines are on-hold and 12 of the mines’ licences were relinquished by mine owners. This means that there are at least 38 investment or business opportunities, and that is without taking into consideration all the peripheral activities and services required for each project.
In mining operations, “on-hold” means just that - activities, at whatever stage they were prior to the status change, will resume. This provides a window of opportunity for interested parties to discover more about them and ascertain if there are potential business opportunities among them.
In the instances where licences were relinquished, this is not to say the mines are defunct or valueless.
The fact remains that currently, for PGM mining in South Africa, there are numerous opportunities for mining investors as well as product and service suppliers to the mining industry.
The way to access the information that will allow you to make these decisions, or at the very least provide the necessary knowledge to aid in this decision-making process, is to take out a subscription to African Mining IQ.
Africa Mining IQ is the ultimate intelligence resource for platinum mining, and other mining, in South Africa and the rest of Africa.
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