Nokukhanya Mntambo13 February 2024 | 16:11
SA's mining sector expanded by 0.6% in fourth quarter
The improved data is a good sign for the industry - which buckled under the pressure of the energy and logistics challenges, as well as wildcat strikes.
Mining
JOHANNESBURG - Mining production bounced back in the fourth quarter of last year – as the industry tries to claw its way back from several headwinds.
Production increased by 0.6% in the last three months of the year.
The improved data is a good sign for the industry - which buckled under the pressure of the energy and logistics challenges, as well as wildcat strikes.
Despite the slight progress – this is still far below predictions by some economists.
Statistics South Africa’s Juan-Pierre Terblanche says platinum group metals, coal and chromium led the gains.
“Platinum group metals grew by 9,4%, coal by 5,8%. chromium ore and nickel were also stronger. The industry produced less iron ore, manganese, gold and copper in December.”