South African Mining output falls for 12th straight month amid Power Supply cuts
Power curtailments implemented by state-owned utility Eskom was mostly behind a 1.9% year-on-year decline in South African mining production in January, said BusinessLive. Platinum group metals (PGMs) and diamonds were the main drags on the overall output, the publication said citing a Stats SA statement on yesterday, 14th March. This was the 12th consecutive month of year-on-year decline in the mining sector which is a critical foreign exchange earner for South Africa and a major employer.PGMs and diamonds fell 15.2% and 15.5% respectively. Energy-intensive users such as miners have an arrangement…
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