SouthAfricasmining South Africa's mining sector contracts in August as gold production down 17.4%
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- According to Statistics South Africa , the domestic mining production decreased by 5.9% year-on-year in August 2022. StatsSA said that largest negative contributors were platinum group metals ; gold ; and iron ore . Manganese ore was a significant positive contributor . The agency added that seasonally adjusted mining production in South Africa was flat in August 2022 compared with July 2022. This followed month-on-month changes of 3.1% in July 2022 and -1.0% in June 2022.
According to the report, the country’s seasonally adjusted mining production increased by 0.6% in the three months ended August 2022 compared with the previous three months, mainly due to the higher production of manganese ore, which was partially offset by lower production of platinum group metals.
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