The platinum consumption was estimated at 6,518.3koz in 2022 and is expected to project a CAGR of more than 2% during 2023-26. The platinum mining market research report contains an overview of the global platinum mining industry including key demand driving factors affecting the global platinum mining industry. It provides …

Platinum production in Zimbabwe and major projects. According to GlobalData, Zimbabwe is the world's third-largest producer of platinum in 2022, with output up by 2% on 2021. Over the five years to 2021, production from Zimbabwe decreased by a CAGR of 0.05% and is expected to rise by a CAGR of 3% between 2022 and 2026.

A large-scale, vertically integrated platinum-group metals mining complex is being built as part of the project in the Great Dyke. The Karo Platinum project is estimated to have an annual production of 1.4 …

This study focuses on the risk assessment of the upstream supply chain of platinum, including the mining and refining stages. Platinum trade products are selected as global platinum primary products with trade codes HS-711011 and HS-711019. Unless otherwise specified, the data time selected for this study is 2019.

Project Description. The project has initial probable reserves of 35.5-million tonnes at 2.31 g/t and 2.5-million ounces of platinum, palladium, rhodium and gold. …

Zimbabwe is losing billions of dollars in the mining sector. Zimbabwe's has the largest lithium deposits in Africa. The Bikita mine, located 308 kms south of the capital Harare has the country ...

Analysis Premium Insights Updated June 28, 2023 Platinum production in Zimbabwe and major projects Brought to you by Platinum Share this article According …

Impala Platinum Holding Ltd.'s Zimbabwe unit is considering expanding into other metals, including lithium. The Johannesburg-based platinum miner still sees a future in Zimbabwe and is on the ...

Zimbabwe could double annual platinum production to more than 900,000 ounces in the next decade, making the metal the nation's top export earner but current producers need $2.8 billion in new ...

For more finance news, go to the News24 Business front page. South Africa's Tharisa plans to spend $391 million (R7.2 billion) on developing a 194 000 ounce per year platinum group metal (PGM) mine in Zimbabwe, chief executive Phoevos Pouroulis said on Wednesday. Tharisa, a co-producer of chrome concentrates and PGMs in South …

We forecast both global platinum and palladium production to be at roughly the same levels as their pre-Covid peaks in 2032. At the same time, the reliability of platinum and palladium mine supply has steadily deteriorated in recent years, and there is a significant risk of supply disruption to 2032. Zimbabwe and Canada will be two bright …

The evaluation concluded that the current pillar design systems for low reef platinum mining mainly consider w/h ratio and the strength of pillar material as important parameters in designing pillars.

Sustainability of Zimbabwe's Platinum Mining Sector. Oswell Binha . Africa University, College of Business Peace Leadership and Governance . DOI: 10.29322/IJSRP.10.12.2020.p10812 .

design and layout at a platinum mine in Zimbabwe which has been affected by ground failure. The mine is ... A review of pillar design for platinum mining to enhance stability: A Zimbabwean case ...

A multi-phased development approach is being adopted at the Karo Platinum project in Zimbabwe, where a 17-year opencast mine is to be built with a timeline to deliver its first ore to mill in July ...

Much of the Platinum in North America is a byproduct of nickel mining. Mining took place in Canada as early as 1883. To date, there are very few Platinum-exclusive mines in North America. This speaks to the value of Platinum today. Zimbabwe There are four main sources where Platinum is mined in Zimbabwe: the Great Dyke, …

Oct 26, 2023 Zimbabwe produced nearly 15 metric tons of platinum in 2021. Compared to most of the previous years observed, this represented an increase in production. The …

Impala Platinum's Zimplats is Zimbabwe's leading mining firm contributing significantly to the national fiscus. Zimplats specialises in platinum group metals such as platinum, palladium, gold, rhodium, iridium, ruthenium and osmium. Zimplats is 87 per cent owned by Implats, a leading South African platinum producer.

Zimbabwe is the second-largest producer of platinum in Africa and produces 1% of the world's platinum from Zimplats, Unki and …

The US$4,2 billion project is a low-cost, open-pit platinum group metals (PGM) asset under development on Zimbabwe's Great Dyke mineral rich belt. According to Mr Pouroulis, 540 people are on site, 99 of which are Karo employees and the balance being contractor employees. He said the concrete foundation pouring was progressing …

Karo Platinum is the newest low-cost, open-pit PGM asset under construction and located on the Great Dyke in Zimbabwe. The Great Dyke is a PGM-bearing geological feature that runs north to south. At approximately 550 km in length and up to 11 km wide, it is second to the Bushveld Complex of South Africa in terms of its …

Zimbabwe, grappling with its worst economic crisis in more than a decade, is pursuing an ambitious plan to raise mining output and earn the country $12 billion a year, and platinum mining is seen ...

Royalties for gold, diamonds, platinum, lithium and other minerals prescribed by the Reserve Bank in a statutory instrument must be paid: 50 per cent in kind, in a form and purity or quality prescribed by the Reserve Bank in a statutory instrument, 10 per cent in foreign currency (in cash), and; 40 per cent in Zimbabwe currency.

Zimbabwe is home to valuable minerals such as gold, iron, diamonds, lithium, platinum and chrome. But the World Bank says half of Zimbabweans live on less than $1 per day.

Platinum mining has become one of Zimbabwe's major export earners bringing millions of dollars in foreign currency into the country. Zimbabwe's oldest platinum mine Mimosa is located in Zvishavane in the Southern part of the country's Great Dyke on the Wedza Geological complex. It is owned by Impala Platinum and Aquarias Platinum.

The underground mine produced an estimated 245.571 thousand ounces of platinum in 2020. The mine will operate until 2032. 8. Mupfuti Mine. The Mupfuti Mine is an underground mine located in Mashonaland West, Zimbabwe. Owned by Impala Platinum Holdings, the greenfield mine produced an estimated 209.172 thousand ounces of …

It has PGM mining rights covering an area of 23,903ha situated on the Great Dyke in the Mashonaland West District of Zimbabwe. The project is expected to commence …

The company estimates that it has access to 52.5 million tonnes of reserves of platinum group metals in Zimbabwe, but is currently only producing platinum from a single project, the Unki mine. With production estimated to reach around 88,000 ounces in 2019, there is significant scope for improvement as the miner could be forced to begin ...

The mining sector in Zimbabwe is still uncertain territory, benefiting from ample platinum reserves and a discipline workforce, but weighed down by government policy and corruption.