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Mining of Platinum in South Africa Updated Report Available
BY Alex Conradie
South Africa
14 December 2016
R 2 040.00 (ZAR)  
estimated $ 123.55 (USD) *
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The Mining of Platinum


The South African platinum mining sector is one of the largest components of the country’s mining industry in terms of both employment and export earnings. It exported 136t of platinum worth US$4.4bn during 2015 and is a significant contributor to the South African economy. Although a number of junior miners are involved in the sector, it is dominated by world’s three largest platinum miners, Anglo American Platinum, Impala Platinum and Lonmin, which together produced 94.5% of total domestic refined platinum production.


Difficult Conditions


As a result of the low platinum price and increasing costs, platinum producers have experienced low margins over the last few years and many companies have been forced to shelve their expansion plans and exploration projects. Companies have announced the closure of unprofitable shafts and a number of other shafts have been put on care and maintenance. The issuing of section 54 stoppage notices in the event of safety breaches has also resulted in the closure of certain mines, costing South African companies R834m during the first half of 2016. The Draft Reviewed Mining Charter, unexpectedly published by the Minister of Mineral Resources on 15 April 2016, has been a further blow to mining companies as none of the submissions, objections or recommendations submitted by the Chamber of Mines have been considered or included.


Report Coverage


The Mining of Platinum describes current conditions in the local sector and recent developments, including regulatory changes and other factors influencing the success of the industry. The report includes profiles on 19 companies including Platinum Group Metals, which recently completed a pre-feasibility study of its US$1bn Waterberg mine that is expected to have a production rate of 23.1t of platinum, palladium, rhodium and gold (4E) per annum over 18 years. Also profiled is Eastern Platinum Ltd which, in June 2016, announced the sale of its Crocodile River mine to Chinese company, Hebei Zhongheng Tianda Platinum.


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 11
4.1. Global Demand 11
4.2. Local 12
4.2.1. Corporate Actions 17
4.2.2. Regulations 18
4.2.3. Enterprise Development and Social Economic Development 22
4.3. Continental 22
4.4. International 24
5. INFLUENCING FACTORS 26
5.1. Economic Environment 26
5.2. Labour 27
5.3. Mine Safety 30
5.4. Technology, Research and Development (R&D) and Innovation 31
5.5. Environmental Concerns 32
5.6. Recycling 33
5.7. Illegal Mining 33
5.8. Community Protests 34
6. COMPETITION 35
6.1. Barriers to Entry 35
7. SWOT ANALYSIS 36
8. OUTLOOK 36
9. INDUSTRY ASSOCIATIONS 37
10. REFERENCES 37
10.1. Publications 37
10.2. Websites 38
COMPANY PROFILES 39
ABERDEEN INTERNATIONAL INC 39
AFRICAN RAINBOW MINERALS LTD 41
ANGLO AMERICAN PLATINUM LTD 47
ATLATSA RESOURCES CORPORATION 54
EASTERN PLATINUM LTD 57
GLENCORE OPERATIONS SOUTH AFRICA (PTY) LTD 60
IMPALA PLATINUM HOLDINGS LTD 64
IVANHOE MINES LTD 69
LESEGO PLATINUM MINING (PTY) LTD 73
LONMIN PLC 75
MMAKAU MINING (PTY) LTD 80
NKWE PLATINUM (SOUTH AFRICA) (PTY) LTD 82
NORTHAM PLATINUM LTD 84
PLATINUM GROUP METALS (RSA) (PTY) LTD 87
PLATMIN SOUTH AFRICA (PTY) LTD 89
ROYAL BAFOKENG PLATINUM LTD 91
SIBANYE GOLD LTD 94
WESIZWE PLATINUM LTD 99
WINDSOR PLATINUM INVESTMENTS (PTY) LTD 102
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