Another bad month for mining production in July - Stats SA | Fin24
 
  • Cadre Cover

    The ANC is planning to launch a funeral policy scheme for members and supporters.

  • VBS Collapse

    Ramaphosa has acknowledged South Africans' impatience to see justice done.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

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

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

What's your view on deep sea mining?

Previous results · Suggest a vote

Loading...