South Africa’s mining industry soars 117% in April

Gold & Silver

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image(Kitco News) – Statistics South Africa (Stats SA) reported today that the domestic mining production increased by 116.5% year-on-year in April 2021.

According to the report, the largest positive contributors were platinum group metals (276.1% increase, contributing 39.2 percentage points), gold (177.9%, contributing 16.6 percentage points), manganese ore (208.2%, contributing 14.2 percentage points) and iron ore (149.1%, contributing 13.3 percentage points).

Stats SA said that seasonally adjusted mining production increased by 0.3% in April 2021 compared with March 2021. This followed month-on-month changes of 4.7% in March 2021 and 1.5% in February 2021.

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Mineral sales increased by 152.7% year-on-year in April 2021. The largest contributors were platinum group metals (465.9%, contributing 103.0 percentage points), iron ore (115.6%, contributing 19.5 percentage points) and gold (40.9%, contributing 6.5 percentage points).

Seasonally adjusted mineral sales at current prices increased by 3.2% in April 2021 compared with March 2021. This followed month-on-month changes of 17.2% in March 2021 and -9.3% in February 2021, Stats SA added.

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