South Africa's mining sector contracts for thirteenth consecutive month, down 5% in February

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South Africa's mining sector contracts for thirteenth consecutive month, down 5% in February
France Dernières Nouvelles,France Actualités
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South Africa's mining sector contracts for thirteenth consecutive month, down 5% in February SouthAfrica

- According to Statistics South Africa , the domestic mining production experienced its thirteenth consecutive month of year-on-year decline, recording a decrease of 5.0% in February 2023.

StatsSA said that largest negative contributors were coal and diamonds ; this was partly offset by increased production of iron ore . The country’s seasonally adjusted mining production decreased by 4.9% in February 2023 compared with January 2023. This followed month-on-month changes of 3.3% in January 2023 and 0.6% in December 2022.

The agency added that South Africa’s seasonally adjusted mining production decreased by 0.3% in the three months ended February 2023 compared with the previous three months.

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