South Africa's Mining Output Up 10.4%

Source: Mining Weekly, Chanel de Bruyn (10/14/10)

"Platinum group metals output expanded by 22.7%."

South Africa's overall mining production increased by 10.4% year-on-year in August, according to official data released on Thursday.

This was the highest year-on-year increase since March, when production grew by 12.9%.

July had seen an increase in output of only 0,5% year-on-year and in June production had expanded by only 0.6% year-on-year.

The data, released by Statistics South Africa, showed that manganese ore production had increased by 112,3% year-on-year in August, diamond production by 41.7% and chromium ore production by 37.5%.

Platinum group metals output expanded by 22.7%, nickel output by 10,5% and gold production increased by 3.7%.

The production of iron-ore was down 2% year-on-year, while copper output fell by 1.8% and coal production by 0.4% year-on-year in August.

Total mining production for the three months ended August 31, 2010, was up by 4.1%, compared with the three months ended May 31, 2010.

Production had also increased by 3.8% between July and August, with nickel output up 8.5%, platinum-group metals production up 8.4% and gold output up by 4.5%.

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Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

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