There are currently twelve active or very soon to be active platinum mines in the Bushveld Complex, eleven exploiting the Merensky Reef and UG2 Chromitite Layer, and one, Potgietersrus (an open-cast mine), mining the Platreef of the Northern Limb of the Bushveld Complex.
Where is platinum mined in South Africa?
Marikana is located near Rustenburg, about 112km from Johannesburg in South Africa. It is a producer of platinum group minerals (PGMs) and covers an area of 33km².
How much platinum is left in South Africa?
Total worldwide reserves of platinum metals are estimated to be some 69,000 metric tons.
Platinum metal reserves worldwide as of 2020, by country (in metric tons)
|Characteristic||Reserves in metric tons|
Where is platinum mined in Africa?
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.
Where are platinum mines located?
Platinum group metals in North America are primarily mined in Canada and Montana. Much of the Platinum in North America is a byproduct of nickel mining. Mining took place in Canada as early as 1883.
Who is the largest producer of platinum?
South Africa is the largest producer of platinum in the world by a significant margin, with a production of between 148 and 120 metric tons each year from 2010 to 2020.
What is the biggest platinum mine in the world?
MOGALAKWENA – The world’s largest open-pit platinum mine is located in Limpopo, South Africa.
Is platinum magnetic yes or no?
As platinum is not magnetic, if your piece is attracted to a magnet, you can safely say it is not platinum. If you notice a slight magnetic pull, then it is more likely your metal is white gold combined with nickel.
Which country owns the most platinum?
List of countries by platinum production
|Rank||Country/Region||Platinum production (kilograms)|
Which country has the most platinum?
World production of platinum group metals, including recycling, 2010–2019 (p)
What is platinum South Africa?
In the South Africa market, gold represents sales of 15,000 units while platinum represents sales of 30,000 units.
Why is there platinum in South Africa?
South Africa has more than 80 per cent of the world’s platinum reserves, and is the world’s largest producer of platinum group metals (PGMs). These vast resources occur together with the world’s largest reserves of chromium and vanadium ore in the unique Bushveld Complex geological formation.
Why is platinum valuable to South Africa?
The contribution of platinum to GDP
Because South Africa exports the greatest part of its platinum production, and because exports are a final demand and therefore do not form part of the production process, platinum, on its own, is not a significant direct contributor towards the gross national product.
Can you make platinum?
It can take up to 6 months and 7 to 12 tons of ore to produce one troy ounce (31.135g) of pure platinum. … In the final step, ammonium chloride is used to convert the chloroplatinic acid to ammonium hex chloroplatinate, which can be burned to form pure platinum metal.
What are 3 interesting facts about platinum?
- Meteorites and our moon contain a higher percentage of platinum than can be found on the Earth.
- The melting point of platinum is 3,215 °F (1,768.4 °C) and the boiling point is 6,917 °F (3,825 °C).
- Typically 95% pure, platinum is one of the purest precious metals.