• Platinum Outlook 2019: Demand Decline to Dampen Prices INN

    The price of platinum dropped almost 16 percent in 2018, chiefly from the South African mining sector, coupled with rising demand." such as gold. "Given the PGMs industry''s

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  • The TB epidemic spreading through South Africa''s mines

    Mar 03, 2014 · The industry employs over one million people and accounts for 18% of South Africa''s GDP. "The mining industry, in particular gold and platinum, has some of the highest rates of TB in the world, if not the highest," says Aeras vice president of external affairs Kari Stoever.

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  • South Africa Mining of Precious Metals and Minerals

    Feb 26, 2019 · DUBLIN, Feb. 26, 2019 /PRNewswire/ The "Mining of Precious Metals and Minerals: Gold and Uranium, Platinum and Diamonds in South Africa 2018" report has been added to ResearchAndMarkets.com''s

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  • Platinum Mining in South Africa Projects IQ

    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.

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  • Mining industry of South Africa Wikipedia

    In 2014, platinum industry workers went on a strike that lasted five months. It was the longest strike in the history of South African mining. In 2019, a high court in Johannesburg approved the historic compensation deal for the miners who contracted the fatal silicosis disease when they

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  • Platinum Minerals Council South Africa

    Platinum mining in South Africa. In South Africa, the discovery of the first platinum nuggets dates back to 1924. The geologist Hans Merensky''s followup work resulted in the discovery of two deposits, each around 100km in length, which became known as the Bushveld Igneous Complex.

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  • Home [co.za]

    The gold mining industry plays an important role in the lives of employees, communities and the country as a whole. This is Gold is an initiative begun by South African gold producers to provide insight into the gold industry, and its contribution to South Africa.

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  • NEWSLETTER minxcon.co.za

    some of the platinum mines in South Africa is the deepest in the world. Minxcon used these cost curves to compare the South African operating platinum mine''s cost curves to the average platinum price for the year. The Figure below shows the South African platinum industry allin sustainable cost curve for 2015 at a mine level.

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  • What is the outlook for Africa''s mining industry

    Dec 11, 2017 · Mining is one of Africa''s most significant export industries. Natural resources make up approximately 60% of South Africa''s exports and are a substantial driver of its economic development. Though the continent initially garnered fame for its gold rushes and diamond mines, the African mining

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  • South Africa''s mining industry fortunes improving, but

    Sep 29, 2017 · Illegal mining: The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7 billion per year. The South African gold

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  • SA Mine PwC South Africa

    other economies, including South Africa. The IMF estimates that a one percentage point decline on China''s real GDP growth would lower South Africa''s growth by 0.3 percentage points after one quarter. The South African mining industry continued to face a myriad of challenges as a result of subdued commodity prices and a growing

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  • Current Platinum Prices in South African Rands (ZAR)

    Current Platinum prices in South African Rands (ZAR) based on worldwide spot market rates. Includes charts and graphs.

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  • Occupational respiratory diseases in the South African

    Jan 24, 2013 · The first theme addresses trends in silicosis in the South African goldmining industry over a period of 33 years, and the second explores the potential for occupational respiratory disease in the underresearched platinum and diamondmining sectors.

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  • South Africa''s gold industry, like its economy, is

    South Africa''s formal gold sector still churns out about $4 billion in revenue every year. Along with platinum, coal and iron ore, it''s an important part of the economy.

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  • The 10 Biggest Platinum Producers The Balance

    The company extracts precious and platinum group metals as byproducts from its mines on the Taimyr and Kola Peninsulas (both in Russia) as well as from mines in Botswana and South Africa. Norilsk, Russia''s largest mining company, also extracts and refines cobalt, silver, gold, tellurium, and selenium as

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  • How Is Platinum Mined History and Practices Canada

    These are all extracted during the mining process. Because of the rarity of pgm and its tendency to combine with other metals, the mining process often yields far more nickel or copper than it does platinum. In South Africa, the world''s largest producer, platinum is mined in an area called the Bushveld Igneous Complex.

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  • Highlighting trends in the South African mining industry

    the South African mining industry. The significant decrease in profitability of the industry resulted in a substantial contraction in market capitalisation of South African mining stocks. This decrease is in line with global mining counterparts who are also struggling with higher costs and lower prices.

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  • Mineral industry of Africa Wikipedia

    South Africa accounted for most of the increase in production output also increased in Botswana and Zimbabwe. The majority of South Africa''s nickel output was a coproduct of platinum metals group mining. Higher South African production was partially attributable to increased output from the Nkomati mine. In 2005, South Africa accounted for 47%

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  • Platinum on a knifeedge PwC South Africa

    the mining industry and all its stakeholders is when the cycle will turn at the top and the bottom. If one assumes that real prices oscillate around a longterm real position, then the price history of platinum and gold provides an indiion of where these prices are in their cycle. The $934 average platinum price

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  • Victim of its own success? The platinum mining industry

    The South African platinum mining industry may be conceived as a specific subsector of the MEC whose trajectory has been shaped by that which is specific to it, and by the changing dynamics and structures of the wider system of accumulation in which it is embedded. Although the commercial mining of platinum began in South Africa in the

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  • Top 10 Largest Platinum Mining Companies in the World (2018)

    South Africa has once again maintained its title as largest platinum producing country in the world. and the number one platinum exporter in the world. Meanwhile, Anglo American Platinum is the world''s largest platinum mining companies, accounting for nearly 38% of total global platinum

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  • Platinum: Learn How To Trade It at Commodity.com

    Sep 25, 2019 · Platinum mining is also far less efficient than gold mining. The process of extracting the metal from ores can take five to seven months and may require ten tons of ore to yield one ounce of platinum. The cost of mining an ounce of platinum is nearly twice that of mining an ounce of gold.

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  • South Africa''s mining industry fortunes improving, but

    Sep 29, 2017 · Illegal mining: The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7 billion per year. The South African gold

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  • Mining in South Africa projectsiq.co.za

    South Africa is a top global producer of a diverse range of minerals, including gold, coal, platinum, palladium, manganese, titanium and uranium. As the gateway to Africa''s mining industry, South Africa also plays host to the world''s leading mining companies. Mining has helped shape South Africa more than any other industry.

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  • THE IMPACT OF MINING ON THE SOUTH AFRICAN ECONOMY

    According to a judgement handed down by the South Gauteng High Court in May 2016, South Africa''s gold mining industry "left in its trail tens of thousands, if not hundreds of thousands, of current and former underground mineworkers who suffered from debilitating and incurable silicosis and

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  • Here''s Why South African Gold Mining Stocks Are Down Big

    Here''s Why South African Gold Mining Stocks Are Down Big Today Companies desperate to turn struggling operations around have cut jobs left and right, but the government issued a stern warning

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  • The case for investing in platinum MINING.COM

    May 29, 2018 · The cost of platinum has dropped to a level that it''s getting very hard to mine it economically and then you''re seeing these social shifts occurring right now in South Africa

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  • South Africa''s chamber of mines says sector mining.com

    Sep 08, 2017 · South Africa''s mining industry is in "crisis" as companies operating in the country have lost confidence in the sector''s minister and new investment has "frozen" due to policy and

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  • What is the outlook for Africa''s mining industry

    Dec 11, 2017 · Mining is one of Africa''s most significant export industries. Natural resources make up approximately 60% of South Africa''s exports and are a substantial driver of its economic development. Though the continent initially garnered fame for its gold rushes and diamond mines, the African mining

    Get price
  • The TB epidemic spreading through South Africa''s mines

    Mar 03, 2014 · The industry employs over one million people and accounts for 18% of South Africa''s GDP. "The mining industry, in particular gold and platinum, has some of the highest rates of TB in the world, if not the highest," says Aeras vice president of external affairs Kari Stoever.

    Get price
  • SA platinum miners "dysfunctional" says JP Morgan Miningmx

    Apr 24, 2018 · South Africa''s platinum miners resemble a "dysfunctional oligopoly" and are currently increasing supply despite depressed platinum prices with no meaningful improvement in the situation expected until 2020. That''s the view of JP Morgan Cazenove in its latest review of the SA platinum

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  • Gold Minerals Council South Africa

    At the same time, the gold price had dropped significantly from the previous highs, and the global economy hit headwinds, culminating in the global financial crisis in 2008. Although the crisis has eased in many countries, the effects on the South African mining industry have been profound and enduring.

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  • A Perspective on the South African Mining Industry in the

    This is not the common perception of the industry. The scale of contraction in gold mining − in output terms from 566 t in 1990 to 420 t in 1998 − has tended to create the impression that mining in South Africa is a sunset industry heading for marginal status in the economy.

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  • Here''s Why South African Gold Mining Stocks Are Down Big

    Here''s Why South African Gold Mining Stocks Are Down Big Today Companies desperate to turn struggling operations around have cut jobs left and right, but the government issued a stern warning

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  • South Africa Leads World in Chromium, but China Fears Growing

    South Africa is the world''s biggest producer of chromite ore, but the sector is under pressure from China, which is exporting cheap ore to create a stockpile and dictate future prices.

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  • The 10 Biggest Platinum Producers 2014

    Jun 25, 2019 · Impala Platinum''s (Implats) platinum mining operations are concentrated around the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe. In 2014, the company accounted for over 16 percent of global refined platinum. Implat''s five main operations are Impala, Zimplats, Marula, Mimosa, and Two Rivers.

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  • Mining in SA Minerals Council South Africa

    In many ways, South Africa''s political, social and economic landscape has been dominated by mining, given that, for so many years, the sector has been the mainstay of the South African economy. Although gold, diamonds, platinum and coal are the most wellknown among the minerals and metals mined, South Africa also hosts chrome, vanadium

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  • A Perspective on the South African Mining Industry in the

    This is not the common perception of the industry. The scale of contraction in gold mining − in output terms from 566 t in 1990 to 420 t in 1998 − has tended to create the impression that mining in South Africa is a sunset industry heading for marginal status in the economy.

    Get price