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Mining production expands 3.4% y/y

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Cape Town - September mining production expanded 3.4% year- on-year (y/y), seasonally adjusted and by 0.9% month-on-month.

Gold registered its second consecutive poor month, contracting -7%y/y, as did chrome (-5.2%), manganese (-11.6%) and nickel (-15.5%).

Nevertheless, strong showings from iron-ore (11.6%), PGM (10.5%), coal (6.8%) and diamond miners (14.8%) more than offset the slump and pushed the quarter on quarter average for the third quarter of 2016 to 1.5%.

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