South Africa remains the world's largest producer of PGMs, accounting for over 75% of global platinum supply and launching new project developments to enhance production efficiency and extend the life of existing mines. In June 2024, Southern Palladium completed its initial resource drilling campaign for the $408-million Bengwenyama PGM project in Limpopo as part of pre-feasibility studies, targeting economically viable PGM deposits located in the Bushveld Complex.

As the second-largest PGM producer in Africa, Zimbabwe contributes approximately 10%-15% of global supply. The country is spearheading multiple commercial platinum projects on its mineral-rich Great Dyke, including the Darwendale and Karo projects, estimated to produce 860,000 ounces and 190,000 ounces of PGMs a year, respectively.

CMA is the largest gathering of critical mineral stakeholders in Africa. Taking place from November 6 – 7 in Cape Town, the event positions Africa as the primary investment destination for critical minerals. This year’s edition takes place under the theme Innovate, Enact, Invest in African Critical Minerals to Sustain Global Growth, connecting African mining projects and regulators with global investors and stakeholders to untap the full potential of the continent’s raw materials. Sponsors, exhibitors and delegates can learn more by contacting [email protected].

Despite Africa's dominance in PGM production, lack of investment hinders the full exploitation of its PGM resources, particularly in new exploration in underexplored regions. Neighboring countries like Zambia and Botswana are looking to attract international mining companies and identify new PGM deposits, which could diversify Africa’s PGM production base in the coming years.

Additionally, existing mines require capital to upgrade equipment and adopt new technologies to maximize production, optimize extraction processes and reduce environmental impact. With growing global pressure for sustainable mining practices, African PGM producers are also seeking investment in cleaner technologies and renewable energy sources to power their operations. The upcoming Mineral Showcase: PGMs will explore efforts to reduce the carbon footprint of PGM mining operations across southern Africa, as well as the circular role of PGMs in helping meet clean energy demand owing to their part in the production of fuel cell technologies.