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 anode slimes, nickel sulphate, sulphuric acid, magnetite, and vermiculite.
Palabora Mining Company (PMC) is a South African copper mining company that was founded in 1956. It is the country’s largest producer of refined copper and is a major source of revenue for the government. PMC is located in the Limpopo province of South Africa, near the town of Phalaborwa. It operates an open pit mine and produces copper concentrate, which is then refined into copper metal. The company also produces by-products such as sulfuric acid and vermiculite.
PMC is owned by a consortium of companies, including Rio Tinto, Anglo American, and the Industrial Development Corporation (IDC). It is the only producer of refined copper in South Africa, and produces about 80,000 tons of refined copper per year. The company has been a major contributor to the economy of the region, providing employment and a steady source of income to the people of the region.
The company has been a leader in environmental stewardship, and has implemented a number of measures to reduce its environmental impact. These include the use of water-saving technologies, the implementation of a waste management system, and the installation of a solar power plant. PMC also works to ensure that its operations are conducted in a responsible manner, and that the rights of local communities are respected.
PMC is a vital part of the South African economy, and its operations have a significant impact on the country’s GDP. The company is committed to helping the country achieve its economic and social development goals, and is an important part of the country’s efforts to create a sustainable future.