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South Africa's mining sector contracts in September as gold and iron ore production down

Kitco Media
By Vladimir Basov
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(Kitco News) - According to Statistics South Africa (StatsSA), the domestic mining production decreased by 4.5% year-on-year in September 2022.

StatsSA said that largest negative contributors were iron ore (-23.1%, contributing -2.7 percentage points) and gold (-12.4%, contributing -2.1 percentage points).

The agency added that seasonally adjusted mining production increased by 0.1% in September 2022 compared with August 2022. This followed month-on-month changes of -0.6% in August 2022 and 2.5% in July 2022.

According to the report, the country’s seasonally adjusted mining production increased by 2.2% in the third quarter of 2022 compared with the second quarter of 2022, mainly due to the higher production of gold, diamonds, coal, and manganese ore.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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