Frequent question: How much of the worlds platinum does South Africa produce?

Characteristic Production in thousand ounces

What percentage of the world’s share of platinum does South Africa produce?

South Africa is also the world’s largest producer of platinum, accounting for 73% of global platinum production.

Which African country produces the most 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.

Which country produces the most platinum in the world?

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

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.

Who owns most of the world’s platinum?

Anglo Platinum in South Africa is the world’s largest platinum producer. A subsidiary of Anglo American, the company processes nearly 40 percent of all newly mined platinum annually. The Anglo Platinum precious metal refinery (PMR) is located near two of the largest platinum mines in the world.

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Where is Platinum mostly found?

The majority (about 80 percent) of platinum is mined in South Africa. Approximately 10 percent is mined in Russia, and the rest is found in North and South America, according to the U.S. Geological Survey.

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.

Which country has most diamond?

Russia and the Botswana hold the world’s largest diamond reserves, totaling 650 million carats and 310 million carats, respectively, as of 2019. Based on production volume, Russia and Australia are the world’s largest producers.

What is platinum worth?

Unit conversion for Platinum Price Today

Conversion Platinum Price(Spot) Price
1 Troy Ounce ≈ 31,10 Gram Platinum Price Per 1 Gram 37.52 USD
1 Troy Ounce ≈ 0,031 Kilogram Platinum Price Per 1 Kilogram 37519.92 USD
1 Troy Ounce ≈ 1,097 Ounce Platinum Price Per 1 Ounce 1063.67 USD

How much platinum is in an asteroid?

A Caltech study put the cost of an asteroid-mining mission at $2.6bn – perhaps not surprisingly the same estimated cost of NASA’s erstwhile ARM. It might sound a lot, but a rare-earth-metal mine has comparable set-up costs of up to $1bn and a football-field-sized asteroid could contain as much as $50bn of platinum.

Why is platinum price rising?

Autocatalyst maker Johnson Matthey said Wednesday that it expects platinum’s share of demand to increase after a 15-year decline. The gain will mostly be driven by higher demand from heavy-duty Chinese vehicles, though a recovery in car production generally will boost demand for all platinum-group metals, it said.

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Who is the largest gold producer in the world?

China is the largest gold producer in the world.

What is the biggest platinum mine in the world?

MOGALAKWENA – The world’s largest open-pit platinum mine is located in Limpopo, South Africa.

What companies use platinum?

The world’s top five platinum-mining companies, by annual production

  • Anglo American Platinum – 2.05 million ounces. …
  • Impala Platinum – 1.31 million ounces. …
  • Sibanye-Stillwater – 1.08 million ounces. …
  • Northam Platinum – 900,000 ounces. …
  • Norilsk Nickel – 700,000 ounces.


Which country is the largest producer of silver in the world?

Mexico’s silver mines produced some 6,300 metric tons of silver in 2020, making Mexico the world’s largest silver producer.

Hai Afrika!