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Palabora Mining Company
Palabora Mining Company Limited (founded August 1956) is a publicly traded mining company headquartered in Phalaborwa, Limpopo province, South Africa. The company operates a single cluster of open-pit and underground mines producing mainly copper as well as byproducts such as precious metals from anode slimes, nickel sulfate, sulfuric acid, magnetite, and vermiculite. Palabora also has processing facilities on site for the production of purified copper from mined copper ore, and a vermiculite recovery plant. Its final copper product has two forms namely, copper cathode and copper rod. PMC's open cast mine is Africa's widest man-made hole at almost wide. In addition to its mining activities, Palabora maintains subsidiaries located in the United States, United Kingdom and Singapore for the marketing of vermiculite. A majority of the company's stock is owned by the international mining conglomerates Rio Tinto Group (57%) and Anglo American PLC (17%), with the remaining 26% ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phalaborwa
Phalaborwa (translated to English as ''better than the south; phala'' means ''better than and borwa'' means ''south'') is a town in the Mopani District Municipality, Limpopo province, South Africa. It is located near the confluence of the Ga-Selati River and the Olifants River (Limpopo), Olifants, halfway up along the western border of the Kruger National Park in the Lowveld. Name The name "Ba-Phalaborwa", given to the area by the Sotho people, Sotho tribes who moved here from the south, means "better than the south". The Sotho mined and smelted copper and iron ore here as far back as 400 AD. Masorini, near Phalaborwa gate, is a reconstructed Ba-Phalaborwa hill village, with huts, grain storage areas, and an iron smelting site. Surrounding townships There are two townships, Namakgale and Lulekani where the Pedi people, Pedi and Tsonga people, Tsonga reside, and rural areas such as Mashishimale, Humulani, Kurhula (Matshama Hi Nkano), Ben Farm (Majeje), Makushane and Ga-Maseke.Ga- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Copper
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement. Copper is one of the few metals that can occur in nature in a directly usable metallic form ( native metals). This led to very early human use in several regions, from circa 8000 BC. Thousands of years later, it was the first metal to be smelted from sulfide ores, circa 5000 BC; the first metal to be cast into a shape in a mold, c. 4000 BC; and the first metal to be purposely alloyed with another metal, tin, to create ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open-pit Mines
Open-pit mining, also known as open-cast or open-cut mining and in larger contexts mega-mining, is a surface mining technique of extracting rock or minerals from the earth from an open-air pit, sometimes known as a borrow. This form of mining differs from extractive methods that require tunnelling into the earth, such as long wall mining. Open-pit mines are used when deposits of commercially useful ore or rocks are found near the surface. It is applied to ore or rocks found at the surface because the overburden is relatively thin or the material of interest is structurally unsuitable for tunnelling (as would be the case for cinder, sand, and gravel). In contrast, minerals that have been found underground but are difficult to retrieve due to hard rock, can be reached using a form of underground mining. To create an open-pit mine, the miners must determine the information of the ore that is underground. This is done through drilling of probe holes in the ground, then plotting eac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-renewable Resource Companies Established In 1956
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can occur within time frames meaningful to humans as well. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The metals themselves are present ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of 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 of Tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Copper Mining Companies Of South Africa
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement. Copper is one of the few metals that can occur in nature in a directly usable metallic form ( native metals). This led to very early human use in several regions, from circa 8000 BC. Thousands of years later, it was the first metal to be smelted from sulfide ores, circa 5000 BC; the first metal to be cast into a shape in a mold, c. 4000 BC; and the first metal to be purposely alloyed with another metal, tin, to create bronze, c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1956 Establishments In South Africa
Events January * January 1 – The Anglo-Egyptian Sudan, Anglo-Egyptian Condominium ends in Sudan. * January 8 – Operation Auca: Five U.S. evangelical Christian Missionary, missionaries, Nate Saint, Roger Youderian, Ed McCully, Jim Elliot and Pete Fleming, are killed for trespassing by the Huaorani people of Ecuador, shortly after making contact with them. * January 16 – Egyptian leader Gamal Abdel Nasser vows to reconquer Palestine (region), Palestine. * January 25–January 26, 26 – Finnish troops reoccupy Porkkala, after Soviet Union, Soviet troops vacate its military base. Civilians can return February 4. * January 26 – The 1956 Winter Olympics open in Cortina d'Ampezzo, Italy. February * February 11 – British Espionage, spies Guy Burgess and Donald Maclean (spy), Donald Maclean resurface in the Soviet Union, after being missing for 5 years. * February 14–February 25, 25 – The 20th Congress of the Communist Party of the Soviet Union is held in Mosc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hebei Iron & Steel Group
Hesteel Group Company Limited is a Chinese iron and steel manufacturing conglomerate, also known as Hesteel Group or its pinyin shortname Hegang. The company was also known as Hebei Iron and Steel Group Co., Ltd. or HBIS until 2016 (). Hesteel Group is the second-largest steel producer in the world measured by crude steel output (after European-Indian conglomerate ArcelorMittal) in 2015, according to the World Steel Association (Chinese companies data was provided by China Iron and Steel Association). After the announcement of the merger of Baosteel Group and Wuhan Iron and Steel Corporation (WISCO) in September 2016, Baowu Steel Group's pro forma production volume in 2015 would be the second in the world, exceeding Hesteel Group. However, Hesteel Group, Baosteel Group and WISCO all announced the cut in production capacity, in response to the market demand and government policy, thus the final ranking could not be predicted. By net assets, Baosteel Group's subsidiary was already ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Float
In the context of stock markets, the public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest investors, or governments. This number is sometimes seen as a better way of calculating market capitalization, because it provides a more accurate reflection (than entire market capitalization) of what public investors consider the company to be worth. In this context, the ''float'' may refer to all the shares outstanding that can be publicly traded. Calculating public float The float is calculated by subtracting the locked-in shares from outstanding shares. For example, a company may have 10 million outstanding shares, with 3 million of them in a locked-in position; this company's float would be 7 million (multiplied by the share price). Stocks with smaller floats tend to be more volatile than those with larger floats. In general, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south, the South China Sea to the east, and the Straits of Johor to the north. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet; the combined area of these has increased by 25% since the country's independence as a result of extensive land reclamation projects. It has the third highest population density in the world. With a multicultural population and recognising the need to respect cultural identities of the major ethnic groups within the nation, Singapore has four official languages: English, Malay, Mandarin, and Tamil. English is the lingua franca and numerous public services are available only in Eng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Precious Metal
Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial raw materials. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art, jewelry, and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded much higher pri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Byproduct
A by-product or byproduct is a secondary product derived from a production process, manufacturing process or chemical reaction; it is not the primary product or service being produced. A by-product can be useful and marketable or it can be considered waste: for example, bran, which is a byproduct of the milling of wheat into refined flour, is sometimes composted or burned for disposal, but in other cases, it can be used as a nutritious ingredient in human food or animal feed. Gasoline was once a byproduct of oil refining that later became a desirable commodity as motor fuel. The plastic used in plastic shopping bags also started as a by-product of oil refining. In economics In the context of production, a by-product is the "output from a joint production process that is minor in quantity and/or net realizable value (NRV) when compared with the main products". Because they are deemed to have no influence on reported financial results, by-products do not receive allocations of j ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
