5 Largest Platinum Producing Countries in the World

3. Zimbabwe 

Average Annual Platinum Production: 14,666 kilograms 

The Karo Platinum Project is a collaboration between the Zimbabwean government and Karo Mining Holdings. Situated in the Great Dyke area, this project aims to become a large, open-pit mine with an anticipated lifespan of 17 years. The plan involves processing approximately 2.5 million tonnes of ore annually, potentially yielding around 190,000 ounces of platinum group metals each year. An intriguing aspect of this project is its integration of a 30 MW solar power plant, demonstrating a commitment to renewable energy. The first phase of this project is budgeted at approximately $391 million, with ore processing slated to commence by July 2024. In addition to this upcoming project, Zimbabwe already hosts three active platinum mines: Zimplats, Mimosa, and Unki, all of which are expanding to tap into the country’s extensive PGM reserves, totaling 1,322 tons.