South African mining sees considerable decline of 5.2% in July – Stats SA

Mining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs). According to Statistics South Africa (Stats SA), gold decreased by 15%, contributing -2.4 percentage points; iron-ore decreased by 17.4%, contributing -2.3 percentage points; and coal and PGMs decreased by 5.8% and 6.2% respectively, contributing -1.5 percentage points and -1.3 percentage points, respectively.