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Africa|Coal|Gold|Mining|Platinum|Ports|rail
Africa|Coal|Gold|Mining|Platinum|Ports|rail
africa|coal|gold|mining|platinum|ports|rail

TIED DOWN

24th June 2022

By: Darlene Creamer

     

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South Africa’s mining production plummeted by nearly 15% year-on-year in April, with gold production slumping 27.8%, platinum group metals output shrinking 22.6% and coal production falling 14.7%. The poor performance has been attributed to strikes, electricity and rail disruptions, and ongoing bottlenecks at the country’s ports. The worse-than-expected performance is all the more painful as it comes amid high commodity prices, which have helped prop up national finances at a time when the economy is still struggling to recover from the Covid shock.

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