South Africa’s mining production decreased by 9.1% year-on-year in August, Statistics South Africa reported on Thursday.
The decrease was driven by lower output in the iron-ore, gold and platinum group metals (PGMs) sectors.
Iron-ore production was down 19.9% year-on-year in August, while gold production decreased by 15.5% year-on-year and PGMs production by 7% year-on-year.
“A disaggregation of August’s data reveals that the decline in production was generally broad-based, with ten of the 12 mineral groups falling,” Investec commented on Thursday.
The decrease follows on the 4.1% year-on-year decrease in mining production recorded for July.
Investec pointed out that mining production for the year to date is down 1.7% year-on-year.
Mineral sales, meanwhile, increased by 4.3% year-on-year in August, with the biggest positive contributors being the manganese ore, coal and ‘other’ metallic minerals sectors.
Manganese ore sales rose by 47.2% year-on-year, coal sales by 7.3% year-on-year and ‘other’ metallic minerals 86.5% year-on-year.source: miningweekly.com