Africa Mining: South Africa August mining output falls 9.1% y/y

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:

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