Mining contracts for seventh-consecutive month
Mining production fell 1.5% year on year in May, a little better than expected, and the sector rebounded when compared to a dismal April
11 July 2019 - 12:38
Mining production contracted 1.5% year on year in May, extending the sector’s fall to a seventh consecutive month.
Gold production in May fell 24.4% year on year, data from Statistics SA showed on Thursday, although mining production rose 3% in May compared with April. The Bloomberg consensus had been for a 2.4% contraction year on year, and 0.3% growth month on month...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now