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South Africa's mining industry expanded 10% in July - report

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(Kitco News) - The Department of Statistics of South Africa (DSSA) announced today that the domestic mining production increased by 10.3% year-on-year in July 2021.

According to the report, the largest positive contributors were iron ore (42.9% increase, contributing 3.9 percentage points); platinum group metals (10.3% increase, contributing 2.3 percentage points); chromium ore (45.8% increase, contributing 1.7 percentage points); and gold (13.4% increase, contributing 1.6 percentage points).

South Africa’s seasonally adjusted mining production increased by 4.1% in July 2021 compared with June 2021. This followed month-on-month changes of -1.6% in June 2021 and -3.6% in May 2021.

However, the authors of a report noted that the seasonally adjusted mining production in South Africa decreased by 1.9% in the three months ended July 2021 compared with the previous three months.

Additionally, the report found that the domestic mineral sales at current prices increased by 32.6% year-on-year in July 2021. The largest positive contributors were platinum group metals (92.8% increase, contributing 22.6 percentage points); iron ore (71.0% increase, contributing 10.0 percentage points); and coal (6.8% increase, contributing 1.5 percentage points).

On the other hand, DSSA noted that the seasonally adjusted mineral sales at current prices decreased by 11.7% in July 2021 compared with June 2021. This followed month-on-month changes of 0.6% in June 2021 and -3.6% in May 2021.

DSSA added that in the three months ended July 2021, the seasonally adjusted value of mineral sales in South Africa at current prices was 0.7% lower compared with the previous three months.

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