South Africa’s Mining Production Falls 3.5% Year-on-Year in June
South Africa’s mining production declined by 3.5% year-on-year in June, primarily due to decreases in gold, platinum group metals (PGMs), coal, and other metallic minerals.
Gold production dropped by 12.6% compared to June last year, while PGM output decreased by 5.8%. Coal production fell by 3.3%, and other metallic minerals experienced a significant decline of 21.3%.
Seasonally adjusted mining production fell by 1.6% in June compared to May, following month-on-month increases of 0.1% in May and 0.8% in April. For the second quarter of this year, seasonally adjusted mining production was down 0.9% compared to the first quarter.
Iron ore and coal were the largest negative contributors to the decline, whereas PGMs made the most significant positive impact.
In contrast, mineral sales at current prices rose by 18.2% year-on-year in June, with gold, manganese, and coal contributing the most to this increase. However, PGMs and iron ore were the largest negative contributors.
Seasonally adjusted mineral sales at current prices increased by 21.8% in June compared to May, reversing a month-on-month decrease of 7.3% in May and following a month-on-month increase of 15.8% in April. Additionally, seasonally adjusted mineral sales increased by 4% in the second quarter compared to the first quarter.
