Mining production records highest headline growth in 2 years
JOHANNESBURG (miningweekly.com) – South African mining production rose 15.5% year-on-year in March, marking the highest headline growth rate in production in two years.
“On a seasonally adjusted monthly basis, production rose 3.7%, [the] strongest monthly performance since May last year. In the first three months of this year, cumulative monthly mining production growth was up by a robust 8.4%,” BNP Paribas Securities South Africa economist Jeffrey Schultz pointed out on Thursday.
He noted that much of the improvement in headline mining production growth was driven by industrial and precious metals.
Platinum production rose 4.8% month-on-month in March, which helped push its year-on-year growth rate to 30%.
Iron-ore production rose by 1.5% month-on-month in March, pushing its year-on-year growth rate to 24.4%.
“Coal production climbed 0.6% last month, pushing its year-on-year growth rate to 8.1%, after February’s 9.8% contraction,” Schultz said.
He stated that the robust end to the quarter for mining activity had pushed momentum growth in mining production to its highest quarterly growth performance since the second quarter of 2016.
“After being one of the largest negative contributors to the fourth quarter’s gross domestic product (GDP) growth, the mining sector now looks to be one of the largest positive contributors to the first quarter’s GDP growth,” Schultz said.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















