MINING REFINING

Home   >   Mining Refining

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

    Tue Aug 13 2024

     

    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.

     

    Source: https://www.miningweekly.com/

Top