Stats SA has released the country’s mining production statistics for August, reporting a 3.3 percent year-on-year decrease and a 6.8 percent month-to-month increase.
Statistics South Africa (Stats SA) took to Twitter on Tuesday, 13 October 2020, to publish the country’s mining production and sales statistics for August 2020. According to the report, the country recorded a 3.3 percent production decrease in August 2020, compared to August 2019.
Despite the annual decrease, the post noted, “The industry produced more in August 2020 compared [to] July 2020, recording a month-to-month rise of 6.8 percent.” August also marked the country’s gradual move to Level 2 of the national lockdown.
The biggest contributors to the upturn is said to be the rise in the mining of diamonds and platinum group metals, while other precious metals’ mining production numbers are reported to have dropped during this time.
See the post below.
South African #mining production decreased by 3,3% y/y in August 2020. However, the industry produced more in August 2020 compared with July 2020, recording a m/m rise of 6,8%.
— Stats SA (@StatsSA) October 13, 2020