Another bad month for mining production in July - Stats SA | Fin24
 
  • Surprised?

    Does Johann Rupert still define South African capitalism? Not really, says Ferial Haffajee.

  • Double Whammy

    Gordhan's top 10 quotes from a frank media briefing about what's plaguing Eskom.

  • Load shedding schedules

    Find links to load shedding schedules for major municipalities here.

Loading...

Another bad month for mining production in July - Stats SA

Sep 13 2018 11:59
Jan Cronje

There was no respite for South Africa's miners in July, as Stats SA announced yet another fall in production when compared to a year ago. 

Mining production fell by 5.2% in July 2018 when compared to July 2017, with major dips in gold and iron ore, and smaller dips in coal and platinum group metals. 

If it wasn't for sterling diamond production figures - which increased by 40.7% year-on-year - the overall fall could have been even worse. 

On a monthly basis, mining production decreased by 8.6% between June and July 2018. 

According to stats SA, when July 2018 production figures are compared with those of July 2017:

  • gold fell by 15.0%
  • iron ore fell by 17.4%
  • coal fell by 5.8% 
  • Platinum group metals fell by 6.2%
  • Diamonds were up 40.7% 
  • Mineral sales decreased by 1.7% 

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

Follow Fin24 on Twitter and Facebook. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

stats sa  |  mining industry  |  mines  |  mining
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Can the SABC avoid retrenching staff?

Previous results · Suggest a vote

Loading...