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Impala Platinum said on Thursday it aimed to modernise its Rustenburg mines, the epicentre of often violent labour unrest in recent years, into “smaller, more concentrated mining” operations. Such a move could provoke resistance from...
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Platinum mining in Rustenburg began in 1929, shortly after the discovery of the Platinum Reef by Hans Merensky, later named the Merensky Reef. The mine is located about 3 km from the town centre and owned and managed by the Anglo American plc. According to legend, the farmer that owned the land sold the mineral rights to Anglo American for R10 000.
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