The Platinum Trust of South Africa (PTSA) was formed in 2003 on the back of legislative changes in the mining and beneficiation environment in South Africa. While the Trust uses the name of the precious metal, its efforts are not limited to platinum but incorporate all Platinum Group Metals (PGM).
The Trustees of PTSA have determined to take advantage of this progressive legislation by establishing a platinum beneficiation facility. This facility, to be based in the North West Province, will initially manufacture high quality platinum jewellery for selected local markets and export markets.
The facility, in helping to address the socio-economic challenges facing South Africa, will also include a training centre, leveraging off the infrastructure and working capital of the facility, to ensure skills transfer to and upliftment of historically disadvantaged South Africans.
1. Mineral Beneficiation in South Africa
Historically, South Africa's mining legislation was designed to ensure that every ounce of precious metal produced in South Africa was exported to guarantee an inflow of foreign currency. A culture of downstream beneficiation was, as a result of this legislation, not fostered in South Africa.
2. The SEDA Platinum Incubator
Through the strategic input of the Platinum Trust and the backing of the SEDA Technology Programme (STP) – a division of the Department of Trade and Industry, the incubator will take advantage of the new legislation by amalgamating the skills and product offering of key stakeholders in the industry. These stakeholders include existing platinum miners, South African jewellery manufacturers other private sector players, tertiary institutions and research houses.
World of Platinum Marketing
The World of Platinum Marketing Company was set-up by the Platinum Trust of South Africa as the commercial arm of this developmental project. The company is a marketing company that will market and sell jewellery product manufactured by the SEDA PLATINUM INCUBATOR and any other manufacturer that conforms to the developmental nature of the trust.