Annual mining production surprises to show small uptick as iron ore volumes rise | Fin24
 
  • Data Market Inquiry

    MTN says it is prepared to defend itself before Competition Tribunal over report.

  • Claims of sabotage

    What we know so far about allegations of sabotage at an Eskom power station.

  • Dudu Myeni

    Court dismisses former SAA chiar's bid to have Outa withdraw from delinquency case.

Loading...

Annual mining production surprises to show small uptick as iron ore volumes rise

Nov 14 2019 12:09
Jan Cronje

South Africa's annual mining production showed a slight uptick in September, only the third time this year that volumes have increased.

According to StatsSA, production across all mineral groups was up 0.2% in September 2019 when compared to September 2018. This was mainly due to a 8.2% increase in the volume of iron ore.

The 0.2% increase was above the projections of marketwatchers , who had expected a decrease of up to 2% for September. 

While gold production still fell, it recorded its smallest annual contraction in five months, falling by 2.3% when compared to September 2018. Annual bullion production fell by 19% in April, 24.3% in May, 16% in June, 13.5% in July and 5.3% in August. Diamond production, meanwhile, fell by 15.7%. 

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote

Loading...