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
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...
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