Palabora Explained

Palabora Mining Company (also known as PMC)
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Pushpin Map Caption:Location in
Place:Phalaborwa
Subdivision Type:Province
State/Province:Limpopo
Owner:Rio Tinto Group (57%)
Anglo American (17%)
Public float (26%)
Products:Copper
vermiculite
anode slimes
nickel sulfate
sulfuric acid
magnetite
Opening Year:1956

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.[1]

PMC's open cast mine is Africa's widest man-made hole at almost 2000m (7,000feet) wide.[2]

In addition to its mining activities, Palabora maintains subsidiaries located in the United States, United Kingdom and Singapore for the marketing of vermiculite.[1]

Owners[3]

Notes and References

  1. Web site: Palabora Mining Company. 2005. Palabora Mining Company. 14 April 2009.
  2. Web site: Show Mines of South Africa: Palabora Copper Mine. (http://www.JochenDuckeck.de/). Jochen Duckeck. www.showcaves.com. 2017-08-31.
  3. News: Hebei Group to Buy Rio's Palabora Mining for $476 Million. Bloomberg.com. 2017-08-31.