Platinum Production Cost - How High is too High ...

As one can see, the platinum production costs go well beyond the mere act of pulling the metal from the ground. This is why we have different notions of platinum production costs. Traditionally, the industry used cash cost, which focused only on the mining and processing costs incurred

Top 10 Largest Platinum Mining Companies in the World …

May 03, 2018· Global platinum production has been dominated by the top 10 largest platinum mining companies in the world for last several decades. Although the demand and consumption of platinum remain high all over the world, the production of platinum is highly concentrated, with the top five largest platinum mining companies representing over 70% of the world’s total platinum output.

Platinum Mining in South Africa - ProjectsIQ

Platinum mining in South Africa, or mining for Platinum Group Metals (PGM), is widespread on the African continent, and South Africa holds over 80% of the world’s reserves. For investors interested in the PGM sector in Africa, South Africa seems to be the logical starting point. It has the lion’s share of the continent’s platinum mining ...

platinum mining, mining of platinum, platinum, platinum ...

The mining of platinum ores is alike gold mining. The platinum orebody is a thin, tabular reef covering a vast area. This enables a progressive method of mining which includes the drilling of the reef and blasting it to advance the face. It combines the increased use of industralization and trackless-mining methods in steps.

The five most expensive metals and where they are mined

Mar 10, 2020· Platinum traditionally traded at a higher price than gold and combined with platinum’s rarity compared with gold, “platinum” as an adjective has come to be associated with a higher level of prestige than gold. Despite platinum’s troubles and gold now trading above it, that reputation has stayed.

The 46-Year Record of Platinum-Gold Ratios | Kitco News

Feb 07, 2017· The gold to silver and platinum to gold price ratios determine the relative value of the precious metals and are useful parameters in deciding which metal to buy at any given time (Mercenary Video, March 19, 2016).In a previous musing, I documented the history of gold and silver prices and gold-silver ratios from the United States’ abandonment of the gold standard in August 1971 to present ...

Environmental Risks of Mining

Underground mining has the potential for tunnel collapses and land subsidence (Betournay, 2011). It involves large-scale movements of waste rock and vegetation, similar to open pit mining. Additionally, like most traditional forms of mining, underground mining can release toxic compounds into the air …

3 Technologies in Exploration, Mining, and Processing ...

Ore has traditionally been defined as natural material that contains a mineral substance of interest and that can be mined at a profit. The costs of mine closure and reclamation of the site now constitute a significant portion of mining cost. ... as in the development of a palladium-platinum mine in Montana. Prototype mobile mining equipment ...

New to Mining? Here are the Most Common Types of Mining ...

Dec 21, 2015· The most common types of mining equipment vary depending whether the work is being carried out above or below ground or mining for gold, metals, coal or crude oil. From drilling machines to excavators, crushing and grinding equipment – the mining …

A Beginner's Guide to Precious Metals

Mar 31, 2020· Precious metals like gold, silver, and platinum have been recognized as valuable for a very long time. Learn more about what it takes to invest in these prized commodities.

Traditional leaders and the politics of labour recruitment ...

The growth of Zimbabwe’s platinum mining industry has led to entanglement of traditional authorities with mining capital. • Chiefs use autochthony to bargain for jobs for the locals. • Chiefs exercise the role of labour brokers for Zimbabwe Platinum Mines (Zimplats) •

Top 10 business risks facing mining and metals 2017–2018

Top 10 business risks facing mining and metals 2017–2018 1 Executive summary Our number one risk this year is digital effectiveness. While the concept of digital mining is not new, there is disconnect between the potential from digital transformation and the successful implementation of new technologies. We believe that digital transformation

The Top Platinum Producing Countries In The World

Apr 25, 2017· The Merensky Reef, the major platinum source, was first used for platinum mining in 1925 until the close of the 20th century. The UG2 Reef opened in the 1970s and from then on became the major source of platinum in South Africa, accounting for over a majority of the platinum mined in the country. The Platreef was not mined on a large scale ...

Platinum Metal: Where Is it Found in the United States ...

Oct 05, 2017· The Stillwater Mining Company is the country's only dedicated platinum and palladium mine. Arizona. Small amounts of platinum deposits are located in Arizona. These deposits are so small that platinum is known to exist in the state but not in a quantity that …

Gold to Platinum Ratio Chart

An Engineering Service Provider’s View of the Slow Down in Gold Mining; Stakeholder Relations and the Pursuit of Social License to Operate; Status of the Commodity Cycle – Tom Brady; Denver Gold Group Networking Luncheons – 23 & 25 June 2015; Update on SEC Regulation of the Mining Industry

The 46-Year Record of Platinum-Gold Ratios | Kitco News

Feb 07, 2017· The gold to silver and platinum to gold price ratios determine the relative value of the precious metals and are useful parameters in deciding which metal to buy at any given time (Mercenary Video, March 19, 2016).In a previous musing, I documented the history of gold and silver prices and gold-silver ratios from the United States’ abandonment of the gold standard in August 1971 to present ...

Platinum | Mining Simulator Wiki | Fandom

Platinum is an uncommon ore found in Earth and Space Adventure. It reflects the color of the sky, making it appear black at night. After the Dino Land update, Platinum had double the chance to be seen. Trivia The color varies depending on the angle it's viewed from, ranging from silver to black.

The Properties and Applications of Platinum

Dec 08, 2019· Platinum is always found alongside other PGMs. In South Africa's Bushveld complex and a limited number of other ore bodies, PGMs occur in sufficient quantities so as to make it economical to exclusively extract these metals; whereas, at Russia's Norilsk and Canada's Sudbury deposits platinum and other PGMs are extracted as by-products of nickel and copper.

Productivity in Platinum Mining | Johnson Matthey ...

Notable progress has been made by Rustenburg Platinum Mines in their efforts to increase mechanisation and to improve efficiency during mining operations; a brief account of some aspects of this work is presented here. It is anticipated confidently that such means will help them to maintain supplies of the platinum group metals at prices which both encourage demand and ensure supply.

How to Identify Platinum in Ore Deposits | Sciencing

May 10, 2018· Platinum, one of the Earth's rarest metals, seldom exists in sources sufficient for economic recovery. It occurs as flakes and grains in placer sources. This beautiful silver-hued metal provides more than jewelry; its uses include catalysts, electronics components, dental …