Platinum production costs by world region 2016 | Statistic

This statistic displays the average cost of production of platinum worldwide from 2013 to 2016, by selected region. In 2016, the cost of producing platinum in South Africa reached 975 U.S. dollars ...

World Platinum Investment Council - Supply & Demand ...

Platinum Quarterly is commissioned by the World Platinum Investment Council and based upon independent research and analysis conducted by SFA (Oxford). ... However, potential power disruptions and industrial action represent risks that could materially reduce South African mining …

Mineral resources | South African Government

Other key platinum mining companies in South Africa include BHP Billiton and Impala Platinum. Palladium. South Africa is the world's second-largest palladium producer. All of South Africa's production is sourced from the Bushveld Igneous Complex, which hosts the …

Platinum: Learn How To Trade It at Commodity.com

The cost of mining an ounce of platinum is nearly twice that of mining an ounce of gold. ... The following five areas are significant determinants of platinum prices: South African Economy; Health of Global Auto Industry ... trends in the auto sector impact the price of the commodity. Platinum prices tend to perform best when the auto industry ...

NEWSLETTER - Minxcon Group

average platinum price for the year. The Figure below shows the South African platinum industry all-in sustainable cost curve for 2015 at a mine level. From the figure it can be seen that at the average 2015 platinum price of USD1,060/oz., 57% of the platinum mines in South Africa …

Mining industry of South Africa - Wikipedia

Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later.

South Africa output topples platinum, palladium prices ...

Aug 11, 2016· South Africa output topples platinum, palladium prices. Frik Els ... part of the world's automobile industry. ... in PGM prices after data from South Africa showed mines in the country's ...

Gold Price South Africa

Gold Price South Africa. South Africa lies at the bottom tip of the African continent and is known officially as the Republic of South Africa. The country has nearly 2000 miles of coastline running along the Atlantic and Indian Oceans, and shares land borders with several nations including Namibia, Botswana, Zimbabwe, Mozambique an Swaziland.

Platinum - Minerals Council South Africa

In many ways, South Africa's political, social and economic landscape has been dominated by mining, given that, for so many years, the sector has been the mainstay of the South African economy. Although gold, diamonds, platinum and coal are the most well-known among the minerals and metals mined, South Africa also hosts chrome, vanadium ...

Platinum Outlook 2019: Demand Decline to Dampen Prices

The price of platinum dropped almost 16 percent in 2018, ... chiefly from the South African mining sector, coupled with rising demand." ... such as gold. "Given the PGMs industry's ...

Eskom price hike to cost South Africa 90,000 mining jobs ...

South Africa's gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility Eskom add to already soaring operating ...

Platinum seen contributing as much to South Africa's ...

Unlocking sales of $35-billion a year by 2050 would mean that the platinum mining sector could add as much value to investment, exports and gross domestic product as the gold mining sector did in ...

SA platinum miners "dysfunctional" says JP Morgan - Miningmx

Apr 24, 2018· South Africa's platinum miners resemble a "dysfunctional oligopoly" and are currently increasing supply despite depressed platinum prices with no meaningful improvement in the situation expected until 2020. That's the view of JP Morgan Cazenove in its latest review of the SA platinum …

SA Mine 9th edition - 2017 - PwC South Africa

7 SA Mine 9th edition ighlighting trends in the South African mining industry wC 8 Platinum's market capitalisation decreased by 21% to R141 billion in the extremely low platinum price environment. However, platinum miners' share of analysed market capitalisation increased marginally to 34%. Fig 1: Market capitalisation per commodity

v116n3a10 Trends in productivity in the South African …

South African gold mining industry due to their level of market capitalization. However, Trends in productivity in the South African gold mining industry by P.N. Neingo* and T. Tholana* /6(171 Mining companies globally are currently facing severe economic and financial challenges. In addition to global challenges, the South African

Platinum Mining in South Africa - Projects IQ

South African platinum mines in stages. Over 170 companies rely on Africa Mining IQ subscriptions to help them drive business within the African mining industry. This is why: The platinum mining industry in South Africa increased production from 163 tons in 2010 to almost 200 tons in 2017, with total sales of over R9 billion.

How South Africa Influences Global Metals Markets ...

South Africa Sector Stats. In 2010, South Africa's mining sector helped generate 18.7 percent of the country's economic activity. Directly, the industry's contribution was 9.2 percent, but this can be more than doubled when the mining supplier industries, downstream industries that use mining outputs, and spending multipliers of mining ...

South Africa's gold industry, like its economy, is ...

South Africa's formal gold sector still churns out about $4 billion in revenue every year. Along with platinum, coal and iron ore, it's an important part of the economy.

South Africa - Gold and Diamonds - countrystudies.us

South Africa Table of Contents. South Africa's modern history has often been dated from the first commercial mining of diamonds and gold in the 1870s and the 1880s, when the region became a magnet for European investment (see Diamonds).Mining in the region predated European arrivals by several centuries, however, as the new government recalled in its minerals policy statements in 1994 …

Challenges facing the South African Mining Industry | SAAE

The country's mineral deposits are dominated by platinum-group metals (88% of global reserves), manganese (80%), chrome (72%), vanadium (32%) and gold (30%). On the other hand the mining industry in South Africa faces significant challenges and pressures: • To reduce the utilization of key resources such as energy and water,

2014 South African platinum strike - Wikipedia

Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. Meanwhile, other costs have risen, putting pressure on the mining industry. In 2013, roughly half of South Africa mining shafts operated at a net loss.

NEWSLETTER - Minxcon Group

some of the platinum mines in South Africa is the deepest in the world. Minxcon used these cost curves to compare the South African operating platinum mine's cost curves to the average platinum price for the year. The Figure below shows the South African platinum industry all-in sustainable cost curve for 2015 at a mine level.

Platinum on a knife-edge - PwC South Africa

the mining industry and all its stakeholders is when the cycle will turn at the top and the bottom. If one assumes that real prices oscillate around a long-term real position, then the price history of platinum and gold provides an indication of where these prices are in their cycle. The $934 average platinum price …

How much money gold, platinum and coal miners get paid in ...

Jun 19, 2017· How much money gold, platinum and coal miners get paid in South Africa ... The South African mining sector is disheveled following the release of the latest mining …

Mining in SA - Minerals Council South Africa

In many ways, South Africa's political, social and economic landscape has been dominated by mining, given that, for so many years, the sector has been the mainstay of the South African economy. Although gold, diamonds, platinum and coal are the most well-known among the minerals and metals mined, South Africa also hosts chrome, vanadium ...

Gold Mining in South Africa - Projects IQ Homepage

Gold Mining in South Africa. Over 50% of all gold reserves are found in South Africa! AMIQ is the only mining information service in Africa that can provide you with information on all gold mining projects in Africa. It includes all mining projects from pre-feasibility stage through to mine closure.

Gold Bullion Latest News: Ghana Now Bigger Than South ...

Jun 09, 2019· As South Africa's 130-year-old industry limps toward its final years, mining investors must look beyond gold for better returns, he said. "Gold is an old sector and naturally it will decline ...

The decreasing importance of gold mining in South Africa ...

The decreasing importance of gold mining in South Africa. Monthly gold production reached a new monthly low in January, according to data released by Stats SA 1.Although a number of temporary factors might have contributed to the unusually low level, general historical trends show that gold has lost the prominent place it once had in the South African economy.