How much platinum does South Africa produce?

How much of the worlds platinum does South Africa produce?

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).

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
South Africa 63,000
Russia 3,900
Zimbabwe 1,200

Is South Africa rich in platinum?

South Africa is the world’s largest producer of platinum and chromium, which are mined at centres such as Rustenburg and Steelpoort in the northeast and are becoming increasingly significant economically. Vast deposits of platinum-group and chromium minerals are located mainly to the north of Pretoria.

Is South Africa the world’s largest producer of platinum?

South Africa is the world’s largest producer of platinum, processing 110mt in 2018. The country’s reserves of platinum group metals (PGMs) stands at 63,000mt. … South Africa is home to the Bushveld Complex, which is considered to be the largest resource for PGMs in the world.

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Who owns the platinum mines in South Africa?

The mine is jointly owned by Anglo American Platinum (AQPSA) and Anglo American Platinum (Amplats), under a 50:50 pooling-and-sharing (PSA) agreement that was signed in 2005. AQPSA is the operator of the mine. Marikana is AQPSA’s second operating mine in South Africa.

Where is platinum mostly found in South 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.

Which country owns the most platinum?

List of countries by platinum production

Rank Country/Region Platinum production (kilograms)
World 180,000
1 South Africa 130,000
2 Russia 22,000
3 Zimbabwe 15,000

Which province has the highest produce in platinum in South Africa?

Mining – An Industry Overview

The North West Province has a definitive comparative advantage in mining. Known as the Platinum Province, it is responsible for 94% of South Africa’s platinum, 46% of the granite and 25% of the gold produced in the country.

Which country produces the most platinum?

World production of platinum group metals, including recycling, 2010–2019 (p)

Ranking Country Tonnes
1 South Africa 63,000
2 Russia 3,900
3 Zimbabwe 1,200
4 United States 900

What province is platinum mined in South Africa?

Mining – An Industry Overview

The North West Province has a definitive comparative advantage in mining. Known as the Platinum Province, it is responsible for 94% of South Africa’s platinum, 46% of the granite and 25% of the gold produced in the country.

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What does South Africa use platinum for?

Platinum provides power off the grid

And it’s these fuel cells that are making a real difference across rural areas of South Africa, where two million households are without electricity, of which more than one million are in rural communities.

Who buys the most platinum?

In 2020, China was the world’s largest platinum consumer, with a consumption of approximately 56.6 metric tons, followed closely by Europe with a platinum consumption of around 50.5 metric tons.

Which country produces the most platinum in Africa?

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.

How much platinum does Zimbabwe produce?

The country boasts the second-largest platinum deposit and high-grade chromium ores in the world, with approximately 2.8 billion tons of platinum group metals and 10 billion tons of chromium ore.