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How many platinum mines are in Rustenburg?
Rustenburg contains the world’s richest platinum reserves and is situated in the North West Province, South Africa. 14 of the 30 PGM producing mines in South Africa are situated in Rustenburg!
How many platinum mines are there in South Africa?
For those wanting to invest in the South African platinum mining industry, 26 PGM mines are on-hold and 12 of the mines’ licences were relinquished by mine owners.
What is Rustenburg known for?
Rustenburg is home to the two largest platinum mines in the world and the world’s largest platinum refinery, PMR [1] (Precious Metal Refiners), which processes around 70% of the world’s platinum. As a result of the mining activity in this mineral-rich area, there is also an increased focus on social development.
Which minerals are mined in Rustenburg?
Other minerals found in the North West include fluorspar, vanadium, rhodium, uranium, copper, limestone, slate, phosphate, manganese, coal and nickel. There are also significant stone and granite operations.
What does the name Rustenburg mean?
town of rest
Rustenburg is a large town situated at the foot of the Magaliesberg Mountain Range. Rustenburg (meaning ‘town of rest’ or ‘resting place’) was proclaimed a township in 1851. This large town is situated some 112km north-west and is a 90-minute drive from both Johannesburg and Pretoria. It is a malaria-free area.
How much is 1kg of platinum worth?
$28,218
Live Platinum Price
| Live Platinum Price | Platinum Spot Price Today | |
|---|---|---|
| Platinum Price per Gram | $28.22 | €27.78 |
| Platinum Price per Kilo | $28,218 | €27,780 |
| Platinum Price per Ounce | $877.68 | €864.05 |
| 7 July 2022, 20:58:23 (GMT-07:00) |
Can I sell raw platinum?
Just as you might sell gold or silver, you can sell platinum in a number of ways. The most common of these is to bring your silver to a pawn shop, a metals exchange, consignment shop, a local jeweler, or by using an online website.
What language is spoken in Rustenburg?
Tswana
The city has a population of about 100,000 inhabitants, about 550,000 people live in the Municipality (in 2011). Spoken languages are Tswana (Setswana ) 55%, Tsonga 8%, Afrikaans 7%, Xhosa 6%, Sotho , and Sepedi.
How much is a gram of platinum in South Africa?
South Africa Platinum Rate Today
| Quantity | South African Rand | Dollar |
|---|---|---|
| 1 Gram | ZAR 398.77 | USD 31.15 |
| 1 Tola | ZAR 4,651.13 | USD 363.38 |
| 10 Grams | ZAR 3,987.66 | USD 311.54 |
| 1 Sovereign | ZAR 3,190.13 | USD 249.23 |