Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
South Africa’s mining production increased by 7.7% year-on-year in April, with the highest positive growth rate of 81.6% recorded in the platinum group metals (PGMs) sector, given that PGM production has increased significantly compared with April 2014, when the sector was adversely affected by several months of industrial action. Financial services company BNP Paribas Cadiz Securities economist Jeffrey Schultz said that, despite the increase in overall mining output, it would remain cautious over the outlook for the mining industry, given the ongoing uncertainty around commodity prices; electricity supply cuts, which were set to continue for the foreseeable future; the ten-day closure of Transnet’s iron-ore export line for maintenance, in May; and recent negative comments surrounding mine ownership criteria as stipulated in the Mining Charter.
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