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Mining of Platinum in South Africa Updated Report Available
BY Alex Conradie
South Africa
22 June 2015
R 2 040.00 (ZAR)  
estimated $ 123.55 (USD) *
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Platinum Mining


This report focuses on platinum mining which is one of the largest sub-sectors of the South African mining industry and is a significant contributor to the South African economy. 96.9 tonnes of refined platinum was produced and 115 tonnes worth US$4.7bn was exported during 2014. South Africa is the world’s largest producer, currently extracting 78% of the world’s platinum, and holds reserves of 63,000 tonnes, which is more than 95% of the world’s total. Despite these statistics, analysts describe the local industry as one in crisis.


Challenging Conditions


The platinum sector has been hit by the combined impact of slowing global demand, falling prices, rapidly escalating domestic production costs, electricity shortages and strike action. The five-month strike during 2014 was the longest and most expensive strike in South African history and resulted in employers losing revenue of approximately R24bn and employees losing earnings of up to R10.6bn. The three largest platinum producers Anglo American Platinum (Amplats), Impala Platinum (Implats) and Lonmin are focusing on cost-cutting strategies that include the closure of unprofitable mines, reducing the size of the workforce and increasing mechanisation. Hope is being pinned on new technologies such as the Kell process, which speeds up the processing of platinum ore using only 10% of the electricity normally consumed, and the use of platinum in new fuel cell technology.


Report Coverage


The report on the Platinum sector describes the current market, outlines developments within the sector and focuses on factors influencing the success of the local industry. The report also profiles 18 South African-based companies, including the three major players as well as junior miners such as Wesizwe and Lesego Platinum Mining (Pty) Ltd, which is still involved in exploration and currently has no permanent employees.


Page
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 1
2.2. Geographic Position 3
3. SIZE OF THE INDUSTRY 4
4. STATE OF THE INDUSTRY 9
4.1. Local 11
4.1.1. Corporate Actions 13
4.1.2. Regulations & Government programmes 14
4.1.3. Enterprise Development and Social Economic Development 16
4.2. Continental 17
4.3. International 18
5. INFLUENCING FACTORS 20
5.1. Government Support and Intervention 20
5.2. Labour 21
5.3. Economic Environment 23
5.4. Rising Input Costs 24
5.5. Information Technology 24
5.6. Environmental Concerns 25
5.7. Recycling 25
5.8. Mine Safety 26
5.9. Power Supply 26
6. COMPETITION 27
6.1. Barriers to Entry 27
6.2. Research and Development (R&D) 28
6.3. Technology and Innovation 28
7. SWOT ANALYSIS 29
8. OUTLOOK 30
9. INDUSTRY ASSOCIATIONS 30
10. REFERENCES 31
10.1. Publications 31
10.2. Websites 31
ORGANOGRAM 33
COMPANY PROFILES 36
AFRICAN RAINBOW MINERALS PLATINUM (PTY) LTD 36
ANGLO AMERICAN PLATINUM LTD 40
AQUARIUS PLATINUM (SOUTH AFRICA) (PTY) LTD 48
ATLATSA RESOURCES CORPORATION 52
EASTERN PLATINUM LTD 55
GLENCORE OPERATIONS SOUTH AFRICA (PTY) LTD 58
IMPALA PLATINUM LTD 63
LESEGO PLATINUM MINING (PTY) LTD 67
LONMIN PLC 69
MMAKAU MINING (PTY) LTD 73
NKWE PLATINUM (SOUTH AFRICA) (PTY) LTD 75
NORTHAM PLATINUM LTD 77
PLATFIELDS LTD 80
PLATINUM GROUP METALS (RSA) (PTY) LTD 82
PLATMIN SOUTH AFRICA (PTY) LTD 85
ROYAL BAFOKENG PLATINUM LTD 87
WESIZWE PLATINUM LTD 91
WINDSOR PLATINUM INVESTMENTS (PTY) LTD 94
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