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    market news

    South African Mine Output Drops to Lowest Since Late 2012

    Teresa Matich
    Sep. 12, 2014 01:10PM PST
    Precious Metals

    Reuters Africa reported that mining output from South Africa has fallen to its lowest in 19 months, with those losses mostly driven by decreased platinum group metals production.

    Reuters Africa reported that mining output from South Africa has fallen to its lowest in 19 months, with those losses mostly driven by decreased platinum group metals production.

    As quoted in the publication:

    Mining output in Africa’s most advanced economy dropped 7.7 percent year-on-year in July, from a revised 5.4 percent decline in June, Statistics South Africa said, with output largely hit by platinum group metals, which fell more than 45 percent.

    Economists polled by Reuters had expected mining output to contract 6.35 percent.

    Click here to read the full article.

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