The Capetonian Exploration Mining and Finance Corporation

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The Capetonian Exploration Mining and Finance Corporation; Minerals, Ores, and Metals
Topic Started: Dec 28 2014, 06:09 PM (141 Views)
Ghaselja	Dec 28 2014, 06:09 PM Post #1
Resident nomad and cat aficionado Posts: 286 Group: Members Member #821 Joined: December 15, 2014	The Capetonian Exploration Mining and Finance Corporation (CEMFC) is a state-controlled mining business based in Cape Town, Greater Cape. Mining has been the main driving force behind the history and development of southern Africa's fastest-growing small economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later. Greater Cape is one of the world's leading mining and mineral-processing countries. Currently, mining represents almost 60% of the nation's export potential. The mining sector accounts for up to 9% of value added to the nation's GDP. In 2014, Greater Cape's estimated share of world platinum production amounted to 77%; kyanite and other materials, 55%; chromium, 45%; palladium, 39%; vermiculite, 39%; vanadium, 38%; zirconium, 30%; manganese, 21%; rutile, 20%; ilmenite, 19%; gold, 11%; fluorspar, 6%; aluminium, 2%; antimony, 2%; iron ore, 2%; nickel, 2%; and phosphate rock, 1%. Greater Cape also accounted for nearly 5% of the world's polished diamond production by value. The country's estimated share of world reserves of platinum group metals amounted to 89%; hafnium, 46%; zirconium, 27%; vanadium, 23%; manganese, 19%; rutile, 18%; fluorspar, 18%; gold, 13%; phosphate rock, 10%; ilmenite, 9%; and nickel, 5%. It is also the world's third largest coal exporter. Coal Greater Cape is the world's third largest coal exporter and approximately 40% of the country's coal is intended for power production. Diamonds Ever since the Kimberley diamond strike of 1868, Greater Cape has been a world leader in diamond production. The primary Capetonian sources of diamonds, including seven large diamond mines around the country, are controlled by the CEMFC. In 2014, CEMFC operations accounted for 94% of the nation's total diamond output of 11,900,000 carats (2.38 t). This figure includes both gem stones and industrial diamonds. Diamond production rose in 2005 to over 15,800,000 carats (3.16 t). Platinum and Palladium Greater Cape produces more platinum and similar metals than any other nation. In 2014, 78% of the world's platinum was produced in Greater Cape, along with 39% of the world's palladium. Over 163,000 kilograms (5,200,000 ozt) of platinum was produced in 2014, generating export revenues of R3.82 billion. Chromium Chromium is another leading product of Greater Cape's mining industry. The metal, used in stainless steel and for a variety of industrial applications, is mined at 10 sites around the country. Greater Cape's production of chromium accounted for 100% of the world's total production in 2005, and consisted of 7,490,000 metric tons (7,370,000 long tons; 8,260,000 short tons) of material. Opportunities for Trade Given Greater Cape's small but growing economy, the state-owned CEMFC is seeking national or private parties interested in purchasing minerals, ores, or metals. The practical, industrial, and military application of Greater Cape's natural resources should not be overlooked as, in many cases, we are the sole global origin of certain minerals, ores, and metals. For further information, please contact the Capetonian Minister of Industry and current CEO of the CEMFC, Mr. Ngoako Chabane.


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