The members of the IPA together employ nearly a quarter of a million people and have a combined turnover of over 40 billion US dollars per year.
The Anglo American Platinum group is the world's leading primary producer of platinum and accounts for about 40 per cent of the world's newly mined production. It also produces other PGMs in quantities determined by their occurrence in the ores mined. Apart from platinum, PGMs comprise palladium, rhodium, ruthenium, iridium and osmium.
The Group's mining operations were restructured in 2009. The former Rustenburg Section was split into the Bathopele, Khomanani, Thembelani, Khuseleka, and Siphumelele mines, while the former Amandelbult Section was split into the Tumela and Dishaba mines. Union Mine, Mogalakwena Mine and Twickenham Mine remained managed operations of the Group.
In addition, the Group has a number of joint ventures. On 30 June 2009 Anglo American Platinum sold and transferred control to Anooraq Resources (Anooraq) of an effective 51 per cent of the formerly wholly owned Lebowa Platinum Mine (Lebowa) and an additional 1 per cent of the Ga-Phasha, Boikgantsho and Kwanda joint-venture projects. The Group is also in joint venture with: ARM Mining Consortium Limited, a historically disadvantaged South African (HDSA) consortium, to operate the Modikwa Platinum Mine; Royal Bafokeng Resources, an HDSA partner, over the combined Bafokeng-Rasimone Platinum Mine (BRPM) and Styldrift properties; the Bakgatla-Ba-Kgafela traditional community, who hold a 15 per cent share in Union Mine; Eastern Platinum Limited (subsidiary of Lonmin Plc) and its HDSA partner, the Bapo-Ba-Mogale traditional community and Mvelaphanda Resources to operate the Pandora Joint Venture; and Xstrata Kagiso Platinum Partnership, to operate the Mototolo Mine. Anglo American Platinum also has pooling-and sharing-arrangements with Aquarius Platinum (South Africa), covering the shallow reserves of the Aquarius Kroondal and Marikana mines that are contiguous with Anglo Platinum's Rustenburg mines.
Anglo American Platinum's operations, including seven mines, three smelters, a base metals refinery and a precious metals refinery, are situated in the Mpumalanga, Limpopo and North West Provinces of South Africa. Anglo American Platinum is based in South Africa.
BASF Catalysts (formerly called Engelhard Corporation) is the world's largest catalyst company. The company's material services segment provides precious and base metal services to its customers, including sourcing, financing, logistics support, price quotes, recycling chemical solutions and risk management. BASF Catalysts' environmental technologies segment sells emission-control systems (such as catalytic converters) for automobiles. It also makes chemical and petroleum refining catalysts, additives and sorbents (used to make pharmaceuticals and other chemicals). In 2006 chemical giant BASF acquired Engelhard, making it a wholly owned subsidiary. BASF Catalysts LLC is based in the United States.
The precious metals business group (Heraeus Precious Metals) processes gold, silver, platinum group metals, and special metals, primarily to produce industrial products. The company is a world leader in industrial precious metals and special metals. A global network of companies in Europe, North America, Asia, and Africa includes production facilities for all phases of precious metal production and refining. With expertise based on decades of trading in industrial precious metals, the business group can provide professional precious metal management throughout the precious metal cycle. The principal purchasers of Heraeus Precious Metals products operate in the environmental, mobility, communications, and energy sectors, as well as the growing health care industry. Heraeus is based in Hanau, Germany.
Impala Platinum Holdings Limited (Implats) is in the business of mining, smelting, refining and the marketing of platinum group metals, particularly platinum, as well as nickel, copper and cobalt. It is also involved in the secondary sourcing of PGMs through Impala Refining Services (IRS) which enables it to capitalise on the group's competitive advantages in processing and refining.
The group's interests on the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe give it an attributable reserve and resource base of 187 million ounces of platinum.
Implats employs approximately 47,000 people (including contractors) across its operations. The company has a primary listing on the JSE (IMP) and a secondary listing on the LSE (IPLA). Implats may also be traded via a sponsored level 1 ADR programme (IMPUY) in the United States.
Founded in 1930, Ishifuku refines, recovers and sells precious materials. The company deals with everything from raw materials containing precious metals to finished products. It provides more than 10,000 kinds of products to the fields of industry, medicine and jewellery. The company's products are widely used in automobiles, electronics, semiconductors and chemicals. Ishifuku is based in Japan.
Johnson Matthey is a speciality chemicals company with operations in over 30 countries and employs around 8,500 people worldwide. The company is organised into three global divisions: Environmental Technologies; Precious Metal Products and Fine Chemicals.
Its principal activities include the manufacture of autocatalysts, heavy duty diesel catalysts and pollution control systems, catalysts and components for fuel cells, catalysts and technologies for chemical processes, fine chemicals, chemical catalysts and active pharmaceutical ingredients and the marketing, refining and fabrication of precious metals.
Johnson Matthey is a FTSE 100 ranked company with a total revenue of £7.8 billion and profit before tax, amortisation of acquired intangibles and restructuring charges of £267.9 million in the financial year to 31st March 2009. Its headquarters are in Royston, Hertfordshire and its City and registered office is located at 40-42 Hatton Garden, London EC1N 8EE.
Link to Platinum today Newssite: http://www.platinum.matthey.com
MMC Norilsk Nickel is the leading producer in Russia, and one of the leading producers in the world, of base and precious metals. The Group is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals; production, marketing and sale of base and precious metals and other minerals; generation of operational electrical and heating energy; and manufacturing of building and construction materials. MMC Norilsk Nickel Group produces nickel, copper, cobalt, palladium, platinum and other precious metals (gold, silver), selenium, tellurium, technical sulphur, hard coal and other materials for industrial needs. MMC Norilsk Nickel is based in Russia. Domestically, it holds close to a 96 per cent market share of nickel, 55 per cent of copper and 95 per cent of cobalt production. Norilsk Nickel is one of the leaders in the national economy – its enterprises account for 4.3 per cent of the Russian exports. Its share in Russia's GDP is 1.9 per cent and 2.8 per cent in the industrial output of the Russian Federation which accounts for 27.9 per cent of the non-ferrous industry.
Krastsvetmet is one of the leading refiners of PGMs as well as gold and silver. The company ranks first among the Russian refineries in terms of technology level and scientific development. The key strategic area of business for the company is comprehensive processing of any precious-metal containing material into best-selling products on the market. The company processes about 99% of platinum and palladium mined in Russia, practically 100% of PGMs, about 50% of gold and up to 60% of silver. Krastsvetmet is involved in the production of precious metals, precious metals chemical compounds, metalworking, jewellery as well as in analytical facilities. Key products are PGM, gold and silver ingots as well as sponge and granules; catalyst systems for the nitric industry; precious metals products and their alloys for industrial and engineering use; master alloys for gold jewellery alloys; electrolytes for rhodium plating, gold, silver, platinum and palladium jewellery; and certified reference materials. A high level of analytic control enables the assurance of the Good Delivery status for Krastsvetmet, recognized at precious metal exchanges of London, Tokyo, and New York. The company is headquartered in Krasnoyarsk, in Siberia, Russia, and employs over 2,700 people.
Lonmin Plc is the world's third largest platinum producer and the largest PGM producer with a primary listing on the London Stock Exchange. It mines and refines five platinum group metals (PGMs): platinum, palladium, rhodium, ruthenium and iridium. Lonmin's current operations are all based in South Africa where the company operates a large mining complex at Marikana on the western limb of the Bushveld complex and a mine in Limpopo Province near Polokwane. Lonmin is a mine to metal company processing the concentrate from its mines through its Smelter, Base Metal Refinery and Precious Metal Refinery to produce final refined metal. The Company's strategy is to capture and build growth into its portfolio of high quality assets; create a culture of safe production, operational excellence and innovation; and focus on ensuring the long term sustainability of the communities impacted by its operations. Lonmin was the first Platinum major to be granted a new order mining licence in October 2006 in respect of its Marikana operations. The Company currently employs around 22,000 people (according to its 2009 Annual Report).
Metalor is a major world supllier of precious metals related products and procedures. The Metalor Group's core competencies are chemistry, metallurgy and management of precious metals. Metalor supplies precious metals and advanced materials to industries as electronics, electrical engineeriung and medical technology.
The company is based in Neuchatel, Switzerland, and has three main divisions:
Refining for the recycling and processing of precious metals and the production of pure precious metals in ingots and other forms.
Advanced Coatings for electronic and decorative applications, and
Electrotechnics, serving the electrical contacts market.
The Metalor Group includes some 26 companies on three continents with a total staff worldwide of 1,665.
Sibanye-Stillwater is an independent, global precious metal mining group, producing a unique mix of metals that includes gold and the platinum group metals (PGMs). Domiciled in South Africa, Sibanye-Stillwater owns and operates a portfolio of high-quality operations and projects, which are grouped by region: the Southern Africa region and the United States region.
Globally, Sibanye-Stillwater is the third largest producer of palladium and platinum and features among the world's top ten gold companies.
Sibanye-Stillwater mines PGM-bearing ore in South Africa, Zimbabwe and the US, that is processed to produce PGMs-in-concentrate at its operations in the Southern Africa region and, in the United States region, the ore mined is processed, smelted and refined to produce a PGM-rich filter cake. The primary PGMs produced at the operations in the Southern Africa regionare platinum, palladium and rhodium, which, together with the gold that occurs as a by-product, are referred to as 4E (3PGM+Au, in the approximate ratio [of 58%Pt, 30% Pd, 8% Rh and 2% Au).
At its operations in the United States region, the PGMs produced are principally palladium and platinum (78% Pd and 22% Pt), which are referred to as 2E (2PGM).
Tanaka Kikinzoku K.K., part of the Tanaka Holdings Co. Ltd., manufactures, researches and develops precious metal industrial products and precious metals bullion. Tanaka Kikinzoku K.K. exports and sells precious metal industrial products. The group is based in Japan.
Umicore is a materials technology group. Its activities are centred on four business areas: Advanced Materials, Precious Metals Products and Catalysts, Precious Metals Services and Zinc Specialties. Each business area is divided into market-focused business units. Umicore's overriding goal of sustainable value creation is based on the ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life. The Umicore Group has industrial operations on all continents and serves a global customer base; it generated a turnover of EUR 6.93 billion in 2009 and currently employs some 13,720 people (as of December 2009). The company is based in Belgium.
Royal Bafokeng Platinum (RBPlat) is a black-owned and controlled mid-tier PGMs producer. They exploit PGMs in the Merensky and UG2 Reefs on the Boschkoppie, Styldrift and Frischgewaagd farms in the area of Rustenburg. Currently, RBPlat has 6,398 employees (including contractors) and produces assets of approx 288,000 ounces of 4E PGM concentrate per annum. The ongoing Styldrift Project with capital cost of R11.8 billion will more than double output to just over 600koz of Pt, Pd, Rh and Au by 2017. Being community-owned, RBPlat cares for the community of the Royal Bafokeng Nation, the homeland of the Bafokeng people. RBPlat maintains social responsibility policies and sustainable development strategies to ensure a long-term balance between the operation's interests and those of its immediate communities and environment.
Vale is the world's largest producer of iron ore and pellets, key raw materials for steelmaking, and the world's second largest producer of nickel, which is used to produce stainless steel and metal alloys employed in the production of aircraft, autos, mining and energy equipment mobile phones, batteries, special batteries for hybrid electric vehicles and several other products. We also produce manganese, ferroalloys, thermal and coking coal, copper, cobalt, platinum group metals, and fertilizer nutrients, important raw materials for the global industrial and food production industries. Present in 38 countries, Vale employs around 134,000 people.