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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.