Palabora

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]

Palabora Mining Company (also known as PMC)
Open pit mine outside Phalaborwa
Location
LocationPhalaborwa
ProvinceLimpopo
Country South Africa
Production
ProductsCopper
vermiculite
anode slimes
nickel sulfate
sulfuric acid
magnetite
History
Opened1956
Owner
CompanyRio Tinto Group (57%)
Anglo American (17%)
Public float (26%)

PMC's open cast mine is Africa's widest man-made hole at almost 2,000 m (6,600 ft) 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]

A majority of the company's stock is owned by the international mining conglomerates Rio Tinto Group (57%) and Anglo American PLC (17%), with the remaining 26% available as public float. The share's stock trades on the Johannesburg Stock Exchange under symbol PAM.[1]

Owners[3]
  • Hebei Iron & Steel Group (35 %)
  • General Nice Group (25 %)
  • ISCOR (20 %)
  • Tewoo Group (20%)
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References
  1. "Palabora Mining Company". Palabora Mining Company. 2005. Retrieved 14 April 2009.
  2. (http://www.JochenDuckeck.de/), Jochen Duckeck. "Show Mines of South Africa: Palabora Copper Mine". www.showcaves.com. Retrieved 31 August 2017.
  3. "Hebei Group to Buy Rio's Palabora Mining for $476 Million". Bloomberg.com. Retrieved 31 August 2017.


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