Life cycle sustainability assessment of the platinum supply …

Platinum and other platinum group metals (PGM) are crucial materials for energy transitions and are the main components of catalysts (Xun et al., 2022).In 2019, 38.87 % of platinum consumption was used for auto catalyst processes (Hughes et al., 2021).The sector with the highest consumption of platinum is the transportation sector, which accounts for 61 % of its …

Achieving American Leadership in the Platinum Group …

Platinum group metals (PGM) are critical for today's energy sector industrial base and will play a key role in tomorrow's decarbonized economy. Catalysts based on PGMs are used in a variety of applications such as chemical manufacturing, automotive catalytic converters, and petroleum refining. They are also

Platinum (Pt) Ore | Minerals, Formation, …

Mining and extraction of platinum ore involve complex and specialized processes, including underground mining, flotation, smelting, and refining. Platinum mining is predominantly carried out in a few countries, …

The Platinum Industry in South Africa: Opportunities …

manufacturing and the continued significance of the mining industry in the country's overall economic landscape. The article also touches on developing ... platinum mining companies closed shafts, resulting in job losses. A scathing review by J.P. Morgan labelled the platinum mining sector a "dysfunctional

The top five platinum-mining companies in the …

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 …

PLATINUM

Manufacturing, agricultural, industrial, mining, transport and domestic users will not go untouched if the electricity supply shortage ... Global platinum mine supply depends heavily on the South African PGM mining industry, which supplies about 72% of global platinum. Russia, North America and Zimbabwe supply around 12%, 6% and 7% respectively ...

South Africa's Platinum Mining Vital for Economy, …

Afriforesight stresses the importance of maintaining platinum group metals mining for South Africa's economy, ... South Africa is the leading producer of PGMs such as platinum, palladium, and rhodium used in the manufacturing of automobiles among other products.

African Rainbow Minerals crowns grade as king, declares war …

"I grew up in the industry in gold and platinum mining, and we know that the platinum and narrow tabular gold seams in South Africa are, in general, 60 cm and less, and the containment within ...

The 10 Biggest Platinum Producers

The world's largest platinum producer, Anglo Platinum, accounted for nearly 40% of all primary refined platinum and roughly 30% of total global production. Read on to learn who are the globe's top platinum producers, …

Decision soon on platinum process that can save power

The definitive feasibility study for the installation of a revolutionary new electricity-slashing processing plant at Pilanesberg Platinum Mine in the North West will be completed next month in ...

Platinum facts

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;

Platinum Mining and Refining | Education

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 on …

A Quick Look at Manufacturing and Industrial Uses for …

Platinum has certain physical and chemical characteristics that make it so uniquely useful for manufacturing and industrial purposes. In fact, manufacturing and industrial demand …

Top 10 Companies in Platinum Group Metals Market in 2024 …

Platinum Group Metals (PGMs) play a crucial role in various industries, from automotive catalysts to electronics and jewelry. Here, we delve into the top 10 PGM companies …

Platinum Mining in Canada | INN

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).

Solved Buffalo Manufacturing Company is restructuring and …

Question: 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 directorsb.

Platinum demand outlook lifted higher by series of new …

The outlook for platinum group metals (PGM) demand has been uplifted by a series of new developments in the field of platinum-catalysed green hydrogen generation as well as concomitant fuel cell ...

A Quick Look at Manufacturing and Industrial Uses for Platinum

The global platinum supply comes from mines in South Africa, Russia, Zimbabwe, the US (Montana, specifically), and Canada. Manufacturing and Industrial Uses for Platinum. Here are some of the manufacturing and industrial uses for platinum that drive its demand. Platinum is used in the production of: Jewelry; Industrial-grade thermocouple wire

Bokoni Platinum Mines : Mining for the Future

The Bokoni mine has heralded some of Africa's most expansive mining discoveries and is headed by world-renowned Bokoni Platinum Mines. Contributing 75 percent of the world's platinum and around 50 percent of total palladium, the Bushveld Igneous Complex possesses an enviable collection of platinum group metals.

ENCLAVE RUSTENBURG: PLATINUM MINING AND …

platinum mining success story, with municipal authorities pointing to the town's economic growth rate, which is much higher than South Africa's as a whole. ... has not kept pace with developments in mining. In fact, manufacturing jobs declined from approximately 12 000 in 1995 to 7 000 in 2009. Mining booms also tend to happen very fast and

3 Platinum Stocks to Consider in 2025 | The Motley Fool

Anglo American Platinum is part of the Anglo American PLC (NGLOY 0.48%) mining conglomerate. The platinum subsidiary is separately listed, although it's majority-owned by Anglo American PLC and ...

Victim of its own success? The platinum mining industry …

platinum output grew by a staggering 67%, while production in the historically premier gold industry continued its long-term decline at a virtually identical rate of 63% during the same period (KIO 2010, p. 10). By 2010, over 24,000 more workers were employed in platinum mining than in gold, and platinum sales were generating higher returns than

Achieving American Leadership in the Platinum Group …

Platinum group metals (PGM) are critical for today's energy sector industrial base and will play a key role in tomorrow's decarbonized economy. Catalysts based on PGMs are used in a variety …

How to Invest in Platinum Stocks (Updated 2024)

Depending on your risk tolerance, both major platinum miners, junior exploration companies offer an easy entry point.Major platinum mining stocksAnglo American Platinum (OTC Pink:AGPPF,JSE:AMS ...

How is Platinum mined? Full Guide to Platinum …

Platinum extraction begins with the mining of ore from the Earth's crust, a task that often involves deep underground mines. Due to platinum's dense location within certain geological formations, extracting this metal is …

Global platinum mining industry

Automotive applications accounted for over 44 percent of global platinum demand as of 2024, making it by far the largest application. Platinum is highly resistant to corrosion, among other...

smart platinum mining

mine is located near the town of Mashishing (formerly Lydenburg) on the eastern limb of the Bushveld Complex. The mine came into production on 1 July 2013 and has ramped up to full production. It has a LoM of some 25 years. The 105.3Moz orebody at Booysendal lends itself to brownfields expansion opportunities, which are currently being established

Mimosa Platinum Mine, Great Dyke region, Zimbabwe

Mining operations at Mimosa platinum mine began in 1926 and two vertical shafts were sunk with trial mining starting in 1966 when 40,000t of platinum was processed. The operations were suspended in 1971 and Blore Shaft was established, from which 90,000t of ore was processed in 1975.

Mining rare metals: Why Australia is about to go platinum

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.

Platinum association highlights advantages of quicker fuel …

The International Platinum Group Metals Association (IPA) is calling on policymakers to urgently drive forward the deployment of fuel cell electric vehicles (FCEVs), alongside battery electric ...

Environmental Impact of Platinum, Palladium, and Rhodium …

World mine production of platinum and palladium in 2018 (U.S. Geological Survey, Mineral Commodity Summaries, February 2019) ... PGE mining: Mining and smelting operations are known to affect the workers and local population because of the environmental pollution created by these toxic elements. Nearly 80% of the world PGE mining is going on in ...

Hot Platinum

Year of Formation and Background to Founding: The company was formed in 2003. The company Hot Platinum (Pty) Ltd is a technology spin-out from the University of Cape Town. Ali Brey and Irshad Khan ...

Skills Needed by Engineers in the Platinum Mining …

for technology-based engineering in the platinum mines under study. platinum mining I. INTRODUCTION The mining industry competes with manufacturing and other local industries for scarce resources. In order to achieve the required target, based on industry demand, the focus should be on skills development programs aligned to the

Top 10 Companies in Platinum Group Metals Market in …

Northam Platinum Holdings Limited is a prominent South African mining company specializing in platinum group metals (PGMs). Founded in 1949 and headquartered in Johannesburg, Northam Platinum focuses on the exploration, extraction, and processing of PGMs, including platinum, palladium, rhodium, and other associated metals.

Platinum: Unveiling Its Journey from Sourcing to Mining

The Platinum Mining Industry and Practices. The platinum mining industry is a vital sector that plays a significant role in supplying the world with this precious metal. With its remarkable properties and diverse applications, platinum has become a sought-after resource in industries ranging from automotive to jewelry.

Rapidly rising half-year output from Northam Platinum's Eland mine

In a voluntary production update, Northam Platinum has reported burgeoning half-year performance from the ramping-up platinum group metals (PGMs) and chrome Eland mine. Eland's chrome ...

WHAT IS PLATINUM MINING?

HOW DOES PLATINUM MINING WORK (1)? The Resource and Mining The process starts with finding a mineral to be mined. In this case platinum. During this phase, exploration holes are drilled deep into the earth (800-1000m) to collect samples of the rock type beneath.This is called prospecting which requires a Prospecting Right from the Department of Mineral Resources.

Financial Acctg

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.

Santa Baby, a Platinum Mine | Inside Adams

No one could use platinum or platinum scrap in the manufacturing or repairing of jewelry, nor could one make any metal dentistry parts containing more than 20% by weight of platinum. A license was required to mine, purchase or sell platinum, and to manufacture the electrical appliances, surgical appliances, scientific instruments, and other ...

Platinum Production Cost

Then, it can establish the site, buy all the equipment and physically extract the platinum ore. And after the mine is tapped out, the mining company may be required to rehabilitate the site to pre-mining conditions. As one can see, the platinum production costs go well beyond the mere act of pulling the metal from the ground.