The unrelenting decline in mining production extended for another month in December, the latest data show. Mining output decreased by 1.9% in December from a year earlier, Statistics SA said on Thursday. The sector has posted a year-on-year decline in output every month since October 2015. Seasonally adjusted mining production decreased by 2.7% in the three months ended December 2016 compared with the previous quarter. The persistent problems in SA’s mining industry have come up for discussion at a global industry conference, the Mining Indaba in Cape Town this week. Miners have been contending with low commodity prices and more difficult mining conditions, which in SA has been compounded by regulatory uncertainty and labour instability. Industry representatives at the Mining Indaba this week have expressed concern that the Mining Charter has been revised without their input. Gold Fields CEO Nick Holland told BDTV at the Mining Indaba that the current draft of the charter would not ...
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