Platinum mining
South Africa is the world's leading platinum producer and the second largest palladium producer after Russia. Platinum mining is a capital and labour intensive industry. On average, it takes six months and 7 to 12 tonnes of ore to produce just one troy ounce (31.135 grammes) of platinum. Iridium, rhodium, ruthenium and osmium are produced only as co-products of platinum and palladium and are not mined separately. Platinum and palladium are found in larger quantities.
Platinum mining in the news
Northam Platinum Resumes Underground Mining At Zondereinde
Northam Platinum Resumes Underground Mining At Zondereinde
Research and Markets: Expenditure Analysis of the South African Platinum Mining Industry
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3c220e/expenditure_analys) has announced the addition of Frost & Sullivan's new report "Expenditure Analysis of the South African Platinum Mining Industry" to their offering. This research service is an analysis of capital expenditures in South Africa's platinum mining industry ...
Platinum and Gold
Platinum and gold, how much of a relationship do these metals really have? Gold has been the talk of the town lately, a growingly-popular safe haven in these wild economic times. But platinum, one hardly hears of this metal.
Northam Platinum Resumes Zondereinde Underground Operations
Northam Platinum Resumes Zondereinde Underground Operations
PLATINUM GROUP METALS
South Africa's Northam Platinum (NHMJ.J: Quote ) said on Thursday it was losing about 1,500 ounces of output a day, after shutting down a shaft last week due to an accident that killed two miners.
Anglo Platinum receives green light for mining rights conversion 28th July 2010
Anglo Platinum has finally received permission to convert its mining rights, it has been confirmed. The company's investors had been concerned about the situation after seeing the majority of its major platinum-producing rivals being granted their new order rights.
Northam Platinum Mineworkers Down Tools To Mourn Colleagues
Northam Platinum Mineworkers Down Tools To Mourn Colleagues
Stillwater Mining posts 18.2 per cent pgm output drop for Q2 2010 29th July 2010
Stillwater Mining Company announced yesterday (28th July) that its pgm output declined by 18.2 per cent in the second quarter of 2010. The Montana-based firm revealed that it produced 112,600 oz of platinum and palladium, compared to a figure of 137,700 oz for the same period 12 months earlier.
Challenges continue at Platinum Aus mine
Shares in Platinum Australia dipped after its June quarter report gave a window into the challenges of mining in South Africa.
Anglo American H1 Pre-tax Profit Increases; Resumes Dividend - Update
Mining and natural resource group Anglo American Plc (AAL.L), Friday, released interim results for the first half, reporting an increase in pre-tax profit, citing a resurgence in demand and prices for base metals, most notably copper, and said it is resuming dividend payments. The company noted that demand recovered in the platinum group metals or PGM and rough diamond markets and also said it ...
