The Platinum Group Element Deposits of the Bushveld Complex in South Africa

Abstract

There are enough platinum group element deposits in the Bushveld Complex in South Africa to supply world demands for many decades or even a century using current mining techniques. Demonstrated reserves and resources published by mining companies make detailed calculations up to a maximum of about twenty years ahead, but there is abundant and adequate geological evidence that these deposits continue far beyond where mining companies have proven according to rigorous international reporting codes. For each 1 km of depth into the Earth in the Bushveld Complex there is in the order of 350 million oz of platinum. For comparison, annual production of platinum from the Bushveld Complex currently is only around 5 million oz. The distinction between ‘reserves’,‘resources’ and ‘deposits’ is also explained in this article.