South Africa's Mining Production and Mineral Sales Surge in March
Statistics South Africa (Stats SA) has reported a 2.5% year-on-year increase in the country's mining production for March, driven by significant contributions from platinum group metals (PGMs), gold, and manganese ore. PGM production rose by 10.5%, gold by 17.1%, and manganese ore by 14.4%. However, coal production saw a decline of 9.6%. Despite a monthly decrease of 5.1% in seasonally adjusted mining production, the first quarter of the year showed a 0.6% increase compared to the previous quarter. Mineral sales also experienced a substantial rise, with a 30.2% year-on-year increase in March, largely due to PGMs, gold, and chromium ore. PGM sales surged by 113.5%, gold by 51.7%, and chromium ore by 38.6%.