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...
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