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South Africa's mining production decreased by 3.5% y/y in June

13th August 2024

By: Creamer Media Reporter

     

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South Africa's mining production decreased by 3.5% year-on-year in June, with gold, platinum group metals (PGMs), coal and "other" metallic minerals having made the biggest negative contributions.

Gold production was down 12.6% year-on-year in June, while PGM output decreased by 5.8% year-on-year, coal by 3.3% year-on-year and "other" metallic minerals by 21.3% year-on-year.

Seasonally adjusted mining production decreased by 1.6% in June, compared with May. This followed month-on-month increases of 0.1% in May and 0.8% in April.

Seasonally adjusted mining production decreased by 0.9% in the second quarter of this year, compared with the first quarter.

The largest negative contributors were iron-ore and coal, while PGMs was the largest positive contributor.

Meanwhile, mineral sales at current prices increased by 18.2% year-on-year in June, with gold, manganese and coal having made the largest positive contributions.

PGMs and iron-ore were the largest negative contributors.

Seasonally adjusted mineral sales at current prices increased by 21.8% in June, compared with May. This followed a month-on-month decrease of 7.3% in May and a month-on-month increase of 15.8% in April.

Seasonally adjusted mineral sales at current prices increased by 4% in the second quarter, compared with the first quarter.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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