South Africa's mining production declined by 0.9% year-on-year in November 2024, mainly due to falls in gold, iron ore, coal, and diamond production. However, some minerals like platinum group metals and chromium ore saw positive growth. Despite the production decline, mineral sales at current prices increased by 8.1%.
StatsSA’s report highlights the mixed performance across the mining sector, with production challenges in key areas offset by good sales growth in others.South Africa’s mining production declined by 0.9% year-on-year in November 2024, according to Statistics South Africa . The recently publishedsaid that the decrease was driven largely by downturns in gold, iron ore, coal, and diamond production, highlighting ongoing challenges faced by the mining sector, the recent report said.production.
The only major negative contributor to mineral sales was iron ore, which dropped by 28.2%, subtracting 4.4 percentage points from the total. Let us know by clicking on the comment tab below this article or by emailing info@thesouthafrican.com, or sending a WhatsApp to 060 011 0211.
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