South Africa’s August mining output down 12.7% y/y on lower PGMs, coal, iron-ore production

Statistics South Africa (Stats SA) reports that the country’s mining production decreased by 12.7% year-on-year in August, with platinum group metals (PGMs), coal and iron-ore having made the largest negative contributions. PGMs production contracted by 22.5%, contributing -6.1 percentage points to the overall figure. Coal production decreased by 11.7%, contributing -3 percentage points and iron-ore output was down by 16.2%, contributing -2.4 percentage points.