November mining production down 11.6% y/y
Statistics South Africa (Stats SA) reports that South Africa’s mining production decreased by 11.6% year-on-year in November, largely owing to iron-ore output having decreased by 35.3%, contributing 3.9 percentage points.
Platinum group metals (PGMs) also dragged the industry’s performance down, with output down 16.1%, while manganese ore production was down 15.9% down.