Table of Contents
South Africa is a leading producer of precious metals and in some metals it is the global leader. The precious metal is a high growth sector catering to South African market and the nearby APAC market. This report covers the macro trends, supply demand scenario, investment opportunities, economic scenario and their impact on the precious metals industry.
Summary of Mining Issues in 2012—South Africa
South Africa is a major producer of precious metals globally. It possesses approximately x %
of global reserves of platinum group metals and about x % of all global gold reserves. South
Africa’s mining sector has encountered many problems over the past few years, some of major
concerns are mentioned below:
Unrest has been reported in the gold and platinum producing regions. In
beginning of August in Johannesburg an illegal strike at Lonmin PLC's
Marikana mine hampered the production and heralded the start of a series of
other strikes among surrounding platinum producers.
South Africa has some of the deepest mines in the world, which are very
dangerous. Since start of the year x fatalities have been reported in the
mining sector, which is above the international average. Therefore, lot of
mines are now shutting down for safety reasons.
Shortage of Electricity has been reported in South Africa. As per Power
Producers' Association, the current power supply is short by x MW. The
shortage has interrupted production from time to time as mining sector is a
heavy user of electricity.
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About Precious Metals Precious metals are naturally occurring rare metallic chemical elements. They have high economic value. The precious metals considered in this report are silver, gold, palladium, ...
About Platinum Group Metals PGMs consist of six chemical elements, which include platinum, palladium, rhodium, ruthenium, osmium, and iridium that are clustered together in the periodic table. These elements ...