The sluggish iron ore has dragged down the poor performance of South African mining industry

According to Miningweekly, statistics from Statistics South Africa (Stats SA) show that the country's mining production decreased by 4% year-on-year in June, with platinum group metals as the biggest drag, down by 8.4% year-on-year, dragging down by 2.4 percentage points.

Coal production fell by 6.6%, dragging down 1.7 percentage points; Iron ore production fell by 10.2%, dragging down 1.5 percentage points.

Seasonally adjusted mining production in June increased by 0.3% compared with that in May, but decreased by 5.2% in May and increased by 3% in April.

Seasonally adjusted mining production in the second quarter decreased by 2.7% compared with the first quarter.

The biggest drag was platinum group metals, down 6.4%, dragging down 1.8 percentage points.

The output of manganese ore decreased by 5.3% month-on-month, dragging down by 0.4 percentage points; Gold production fell by 3.2%, dragging down 0.3 percentage points.

Seasonally adjusted iron ore production decreased by 2% month-on-month, dragging down 0.3 percentage points.

At the same time, the sales of mineral products at current prices in June decreased by 27.2% year-on-year.

The biggest contribution is gold, with an increase of 125.7% and a contribution of 17.1 percentage points; Platinum group metals increased by 27%, contributing 7.3 percentage points; Chromite increased by 49%, contributing 3.7 percentage points.

However, iron ore sales fell by 16.1%, dragging down 1.7 percentage points; Other nonmetallic minerals decreased by 35.5%, dragging down 1.3 percentage points.

Stats SA added that seasonally adjusted sales in June increased by 2.7% compared with May. It decreased by 4.4% in May and increased by 3.1% in April.

Seasonally adjusted sales in the second quarter decreased by 1.6% compared with the first quarter.

source:https://geoglobal.mnr.gov.cn/zx/kydt/zhyw/202608/t20260817_10292856.htm