Mining production shrinks for fourth consecutive month
Gold, coal and manganese ore dragged down output in May, but the 7.8% year-on-year fall was smaller than forecast
14 July 2022 - 13:12
UPDATED 14 July 2022 - 19:57
Mining production shrank for the fourth consecutive month in May, mainly constrained by electricity supply constraints, cementing the sector as one of the laggards of economic growth in the second quarter.
Economists said Eskom’s ageing power plants, the historic lack of maintenance and criminal activity continue to be a key downside risk to the mining sector whose production capacity shrank for a fourth consecutive month in May...
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