How much platinum is found in South Africa?

How much platinum is left in South Africa?

Total worldwide reserves of platinum metals are estimated to be some 69,000 metric tons.

Platinum metal reserves worldwide as of 2020, by country (in metric tons)

Characteristic Reserves in metric tons
South Africa 63,000
Russia 3,900
Zimbabwe 1,200

Does South Africa have platinum?

South Africa has more than 80 per cent of the world’s platinum reserves, and is the world’s largest producer of platinum group metals (PGMs). These vast resources occur together with the world’s largest reserves of chromium and vanadium ore in the unique Bushveld Complex geological formation.

Where is platinum mostly found in South Africa?

South Africa accounts for approximately 80% of the world’s platinum supplies, and its palladium production represents about 40% of the world’s gross production. PGM is concentrated in South Africa’s 2 billion-year old Bushveld Igneous Complex, especially in complexes found in the Limpopo and North West provinces.

How much platinum does South Africa produce a year?

African platinum production 2011-2020

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Platinum production in Africa has slightly decreased from 162 metric tons in 2011, to 127 metric tons in 2020. South Africa is by far the largest miner of platinum in Africa.

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.

Is platinum magnetic yes or no?

As platinum is not magnetic, if your piece is attracted to a magnet, you can safely say it is not platinum. If you notice a slight magnetic pull, then it is more likely your metal is white gold combined with nickel.

What province is platinum mined in South Africa?

Mining – An Industry Overview

The North West Province has a definitive comparative advantage in mining. Known as the Platinum Province, it is responsible for 94% of South Africa’s platinum, 46% of the granite and 25% of the gold produced in the country.

Is platinum found in Africa?

The African continent has dominated the world’s platinum production over the years with South Africa leading the way. In 2018, the world’s total production of platinum was 160 metric tonnes (mt), with South Africa being the leading producer of the metal, according to a report published by the US Geological Survey.

What is platinum South Africa?

In the South Africa market, gold represents sales of 15,000 units while platinum represents sales of 30,000 units.

Which province has the highest produce in platinum in South Africa?

Mining – An Industry Overview

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The North West Province has a definitive comparative advantage in mining. Known as the Platinum Province, it is responsible for 94% of South Africa’s platinum, 46% of the granite and 25% of the gold produced in the country.

How can I test platinum at home?

The simplest tests are heating and discoloration. If the item is heated, for example, in a Bunsen flame, platinum will be more difficult or impossible to melt and the platinum will not discolour. The effect of acid is another basic test.

Is platinum better than gold?

Gold: Strength and Durability. While both precious metals are strong, platinum is more durable than gold. Its high density and chemical composition make it less likely to break than gold, so it lasts longer. … Despite being stronger, platinum is also softer than 14k gold.

Why is platinum valuable to South Africa?

The contribution of platinum to GDP

Because South Africa exports the greatest part of its platinum production, and because exports are a final demand and therefore do not form part of the production process, platinum, on its own, is not a significant direct contributor towards the gross national product.