News

PGMs, diamonds drag down SA mining output in January

0

South Africa’s mining production dropped 1.9% in January, making it the twelfth consecutive month of year-on-year decline, data released by Statistics South Africa (Stats SA) show.

Platinum group metals (PGMs) and diamonds were the main negative contributors.

PGMs output eased 15.2% contributing -3.5 percentage points, while diamonds production was 15.5% lower contributing -0.9 percentage points.

However, iron-ore and coal were significant positive contributors with the former’s output increasing 12.1% contributing 1.4 percentage points and the latter rising 4.1% contributing 1.1 percentage points.

Stats SA said seasonally adjusted mining production rose 4.4% month-on-month in January.

The seasonally adjusted mining production however dropped 0.5% in the three months that ended January, compared with the previous three months.

The largest negative contributors were diamonds and other metallic minerals.

Diamonds fell -19.7%  contributing -1 percentage point, while other metallic minerals eased -20.1% contributing -0.6 percentage point.

Imprensa Endiama

Dubai hosts world’s first symposium of diamonds

Anterior

Signet Jewelers Limited reports fiscal 2023 results

Próximo

You may also like

Comentários

Deixe uma resposta

Your email address will not be published. Required fields are marked *

More in News