for subscribers

Mining production expands 3.4% y/y

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(iStock)
(iStock)

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%.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
All Share
55339.58
(+0.99)
Top 40
50692.28
(+0.83)
Financial 15
10790.70
(+3.99)
Industrial 25
74905.70
(+1.05)
Resource 10
52561.57
(-0.49)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
24% - 69 votes
No, I did not.
52% - 150 votes
My landlord refused
24% - 71 votes
Vote