South Africa’s mining production decreased by 3.4% year-on-year in September, Statistics South Africa (Stats SA) reported on November 11.
The largest negative contributors were coal, platinum-group metals (PGMs) and gold.
Manganese ore contributed 1.2 percentage points, or 14.2%, and was a significant positive contributor.
Seasonally adjusted mining production decreased by 3.7% in September, compared with August. This follows month-on-month changes of -2% in August and 3.6% in July.
Seasonally adjusted mining production decreased by 0.6% in the third quarter, compared with the second quarter.
Mineral sales, meanwhile, at current prices, increased by 1.1% year-on-year in September. The largest positive contributors were coal and PGMs at 25.5% and 6.7%, respectively.
Manganese ore (-28.4% and contributing -2.1 percentage points) and gold (-18% and contributing -1.8 percentage points) were significant negative contributors.
Seasonally adjusted mineral sales at current prices decreased by 24.6% in September, compared with August, which Stats SA said followed month-on-month changes of 1.2% in August and -1.1% in July.
The seasonally adjusted value of mineral sales at current prices was 8.9% lower for the third quarter, compared with the second quarter.
Although the impact of the Covid-19 pandemic weighed on mining production, Nedbank Economic Insights said the sector has performed relatively better than the average growth levels observed in the same period of 2017, 2018 and...
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