SA miners doing a good job cornering the PGM market
SA majors Impala Platinum, Sibanye-Stillwater and Anglo American Platinum rule everywhere but Russia
There are four main territories for platinum group metal (PGM) production and SA miners have tied up three of them.
But it’s not just ambitious designs to tighten control of the global PGM supply but also necessity because of the poor environment in southern Africa.
In SA, home to about 80% of the world’s PGMs, mines have become deeper as the easily accessible, shallow, low-cost material was extracted first. Now there are second- and third-generation shafts 2km deep at labour-intensive operations. (This excludes Anglo American Platinum’s opencast Mogalakwena mine in SA – the world’s most profitable PGM mine.)..