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Modikwa Mine
The Modikwa platinum mine is a large underground mine in the north-eastern part of South Africa northwest of Burgersfort, Limpopo. It is part of the Bushveld Igneous Complex. Modikwa represents one of the largest platinum reserves in South Africa having estimated reserves of 215.2 million tonnes of ore grading 2 g/t platinum, 1.87 g/t palladium and minor grades of gold, rhodium, ruthenium and iridium. The mine has reserves of 13.8 million oz of platinum and 12.9 million oz of palladium and produces around 120,000 oz of platinum/year and 110,000 oz of palladium/year. The mine is owned under a 50%/50% joint venture by African Rainbow Minerals African or Africans may refer to: * Anything from or pertaining to the continent of Africa: ** People who are native to Africa, descendants of natives of Africa, or individuals who trace their ancestry to indigenous inhabitants of Africa *** Ethn ... and Anglo American Platinum. Each of these companies have part of their stak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burgersfort
Burgersfort is located in the valley of the Spekboom River at the edge of the Bushveld Complex in the Fetakgomo Tubatse Local Municipality, near the border of the two provinces Limpopo and Mpumalanga. The town was named after a hexagonal fort built there during the 1876-77 Second War against the Bapedi of Chief Sekhukhune, and was named after President TF Burgers of the ZAR. The town serves as a meeting point for two major roads, the R37 and R555. The region is rich in platinum and platinum group metals. The town's neighbouring towns are Mashishing (60 km), Steelpoort (16 km) and Ohrigstad Ohrigstad (Afrikaans for ''Ohrig city''), formerly Andries Orieg Stad, is a small town to the north of Lydenburg in the Limpopo province, South Africa. History A fort was established by a group of Voortrekkers under the leadership of Andries Hend ... (26 km). [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruthenium
Ruthenium is a chemical element with the symbol Ru and atomic number 44. It is a rare transition metal belonging to the platinum group of the periodic table. Like the other metals of the platinum group, ruthenium is inert to most other chemicals. Russian-born scientist of Baltic-German ancestry Karl Ernst Claus discovered the element in 1844 at Kazan State University and named ruthenium in honor of Russia. Ruthenium is usually found as a minor component of platinum ores; the annual production has risen from about 19 tonnes in 2009Summary. Ruthenium platinum.matthey.com, p. 9 (2009) to some 35.5 tonnes in 2017. Most ruthenium produced is used in wear-resistant electrical contacts and thick-film resistors. A minor application for ruthenium is in platinum |
Platinum Mines In South Africa
Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish , a diminutive of "silver". Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements. It has six naturally occurring isotopes. It is one of the rarer elements in Earth's crust, with an average abundance of approximately 5 μg/kg. It occurs in some nickel and copper ores along with some native deposits, mostly in South Africa, which accounts for ~80% of the world production. Because of its scarcity in Earth's crust, only a few hundred tonnes are produced annually, and given its important uses, it is highly valuable and is a major precious metal commodity. Platinum is one of the least reactive metals. It has remarkable resistance to corrosion, even at high temperatures, and is therefore considered a noble metal. Consequentl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ounce
The ounce () is any of several different units of mass, weight or volume and is derived almost unchanged from the , an Ancient Roman unit of measurement. The avoirdupois ounce (exactly ) is avoirdupois pound; this is the United States customary and British imperial ounce. It is primarily used in the United States to measure packaged foods and food portions, postal items, areal density of fabric and paper, boxing gloves, and so on, but it is sometimes also used elsewhere in the Anglosphere. Although the avoirdupois ounce is the mass measure used for most purposes, the 'troy ounce' of exactly is used instead for the mass of precious metals such as gold, silver, platinum, palladium, rhodium, etc. The term 'ounce' is also used in other contexts: * The ounce-force is a measure of force (see below). * The fluid ounce is a measure of volume. Historically, a variety of different ounces measuring mass or volume were used in different jurisdictions by different trades and at differe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iridium
Iridium is a chemical element with the symbol Ir and atomic number 77. A very hard, brittle, silvery-white transition metal of the platinum group, it is considered the second-densest naturally occurring metal (after osmium) with a density of as defined by experimental X-ray crystallography. It is one of the most corrosion-resistant metals, even at temperatures as high as . However, corrosion-resistance is not quantifiable in absolute terms; although only certain molten salts and halogens are corrosive to solid iridium, finely divided iridium dust is much more reactive and can be flammable, whereas gold dust is not flammable but can be attacked by substances that iridium resists, such as aqua regia. Iridium was discovered in 1803 among insoluble impurities in natural platinum. Smithson Tennant, the primary discoverer, named it after the Greek goddess Iris, personification of the rainbow, because of the striking and diverse colors of its salts. Iridium is one of the rarest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bushveld Igneous Complex
The Bushveld Igneous Complex (BIC) is the largest layered igneous intrusion within the Earth's crust. It has been tilted and eroded forming the outcrops around what appears to be the edge of a great geological basin: the Transvaal Basin. It is approximately 2 billion years old and is divided into four different limbs: the northern, southern, eastern, and western limbs. The Bushveld Complex comprises the Rustenburg Layered suite, the Lebowa Granites and the Rooiberg Felsics, that are overlain by the Karoo sediments. The site was first discovered around 1897 by Gustaaf Molengraaff. Located in South Africa, the BIC contains some of the richest ore deposits on Earth. The complex contains the world's largest reserves of platinum-group metals (PGMs) or platinum group elements (PGEs)—platinum, palladium, osmium, iridium, rhodium, and ruthenium along with vast quantities of iron, tin, chromium, titanium and vanadium. These are used in, but not limited to, jewellery, automobiles ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental ( native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium ( gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rhodium
Rhodium is a chemical element with the symbol Rh and atomic number 45. It is a very rare, silvery-white, hard, corrosion-resistant transition metal. It is a noble metal and a member of the platinum group. It has only one naturally occurring isotope: 103Rh. Naturally occurring rhodium is usually found as a free metal or as an alloy with similar metals and rarely as a chemical compound in minerals such as bowieite and rhodplumsite. It is one of the rarest and most valuable precious metals. Rhodium is found in platinum or nickel ores with the other members of the platinum group metals. It was discovered in 1803 by William Hyde Wollaston in one such ore, and named for the rose color of one of its chlorine compounds. The element's major use (consuming about 80% of world rhodium production) is as one of the catalysts in the three-way catalytic converters in automobiles. Because rhodium metal is inert against corrosion and most aggressive chemicals, and because of its rarity, r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limpopo
Limpopo is the northernmost province of South Africa. It is named after the Limpopo River, which forms the province's western and northern borders. The capital and largest city in the province is Polokwane, while the provincial legislature is situated in Lebowakgomo. The province is made up of 3 former homelands of Lebowa, Gazankulu and Venda and the former parts of the Transvaal province. The Limpopo province was established as one of the new nine provinces after South Africa's first democratic election on the 27th of April 1994. The province's name was first "Northern Transvaal", later changed to "Northern Province" on the 28th of June 1995, together with two other provinces. The name was later changed again in 2002 to the Limpopo province. Limpopo is made up of 3 main ethnic groups namely; Pedi people, Tsonga and Venda people. Traditional leaders and chiefs still form a strong backbone of the province's political landscape. Established in terms of the Limpopo House o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Palladium
Palladium is a chemical element with the symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1803 by the English chemist William Hyde Wollaston. He named it after the asteroid Pallas, which was itself named after the epithet of the Greek goddess Athena, acquired by her when she slew Pallas. Palladium, platinum, rhodium, ruthenium, iridium and osmium form a group of elements referred to as the platinum group metals (PGMs). They have similar chemical properties, but palladium has the lowest melting point and is the least dense of them. More than half the supply of palladium and its congener platinum is used in catalytic converters, which convert as much as 90% of the harmful gases in automobile exhaust (hydrocarbons, carbon monoxide, and nitrogen dioxide) into nontoxic substances (nitrogen, carbon dioxide and water vapor). Palladium is also used in electronics, dentistry, medicine, hydrogen purification, chemical applications, groun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Platinum
Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish , a diminutive of "silver". Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements. It has six naturally occurring isotopes. It is one of the rarer elements in Earth's crust, with an average abundance of approximately 5 μg/kg. It occurs in some nickel and copper ores along with some native deposits, mostly in South Africa, which accounts for ~80% of the world production. Because of its scarcity in Earth's crust, only a few hundred tonnes are produced annually, and given its important uses, it is highly valuable and is a major precious metal commodity. Platinum is one of the least reactive metals. It has remarkable resistance to corrosion, even at high temperatures, and is therefore considered a noble metal. Conse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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