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South African gold output falls most since February 2017 in May

By: Bloomberg     12th July 2018 Gold output in South Africa, once the world’s biggest producer of the metal, declined the most since February 2017 in May. Production dropped 16.2% from a year earlier, compared with a revised 5.8% contraction in April, Pretoria-based Statistics South Africa said Thursday in a statement on its... 

South Africa's mining production down 4.3% y/y in April

By: African News Agency      14th June 2018 South Africa' mining output fell by decreased by 4.3% in April compared with the same month last year, the national statistics agency said on Thursday. Statistics South Africa said the largest negative contributors to the decline were platinum group metals (PGMs), which slid 6.5%, deducting 1.5... 

Agriculture, mining and manufacturing drag South Africa into dramatic Q1 slump 

By: Reuters     5th June 2018 South Africa suffered its worst quarterly contraction in nine years, data showed on Tuesday, in a reminder to investors of the huge challenge President Cyril Ramaphosa faces to deliver long term economic growth. After Jacob Zuma was forced out as leader by the ruling party in February, Ramaphosa... 

Mantashe prioritises policy, laments ‘inadequate’ budget allocation

By: Marleny Arnoldi     15th May 2018 The Department of Mineral Resources (DMR) will make policy and legislation one of its key priorities this year and has committed to finalising the Mining Charter in June, Minister Gwede Mantashe said on Tuesday. Mantashe, who tabled the DMR’s Budget Vote in Parliament, listed the department’s... 

Positive sentiment remains, despite 8.4% y/y fall in March mining production

By: Simone Liedtke     10th May 2018 The 8.4% year-on-year decrease in South Africa’s mining production in March is not necessarily an accurate reflection of the state of the mining industry, says international law firm Hogan Lovells mining head Warren Beech. He hopes that figures will have “smoothed out by June or July”, as at... 

Exciting new mining research thrust 

By: Martin Creamer     27th April 2018 The new Mandela Mining Precinct will be officially opened on May 4 to revitalise and modernise South Africa’s high-potential but struggling mining industry. 

Exciting new mining research thrust 

By: Martin Creamer     27th April 2018 The new Mandela Mining Precinct will be officially opened on May 4 to revitalise and modernise South Africa’s high-potential but struggling mining industry. 

DMR welcomes mineral production increase

By: Simone Liedtke     13th April 2018 The Department of Mineral Resources (DMR) on Friday welcomed the year-on-year increase in mineral production in February, on the back of higher commodity prices.  Data released by Statistics South Africa on Thursday shows that mineral production increased by 3.1% year-on-year, with diamonds,... 

Iron-ore gives South Africa’s January mining output a boost

By: Marleny Arnoldi     16th March 2018 Mining production increased by 2.4% year-on-year in January, bolstered by strong growth in iron-ore production and “other” non-metallic minerals, Statistics South Africa figures how. The January growth compares with a contraction of 0.5% in December. 

State of local mining regulations shun investment, says CoM report 

By: Dylan Slater     14th December 2017 The findings of a recently conducted Chamber of Mines (CoM) survey indicate that if South Africa’s mining industry shifts its focus to create an attractive policy, regulatory and governance environment – through ethical leadership, good governance and the adoption of competitive, stable and... 

Mining production sees 5.2% increase in October

By: Anine Kilian     7th December 2017 Mining production increased by 5.2% year-on-year in October 2017, according to the most recent findings from Statistics south Africa. The largest positive contributors were iron-ore, which contributed 2.4 percentage points and coal, which contributed 1.5 percentage points. 

Mining production contracts while sales soar – Stats SA

By: Megan van Wyngaardt     9th November 2017 Local mining production decreased by 0.9% year-on-year in September, Statistics South Africa Statistician-General Risenga Maluleke revealed on Thursday. The largest negative contributors were platinum-group metals (PGMs), with output down 8.3%, followed by iron-ore, which was down by 7.5%. 

South African mining production surges 6.9% in August, exceeds expectations

By: African News Agency      12th October 2017 Mining production in South Africa increased by 6.9% year-on-year in August whilst seasonally adjusted mining production increased by 5.3% in the same month compared with July, Statistics South Africa (StatsSA) said on Thursday. StatsSA said the biggest contributors to the jump in production were... 

Stakeholder cohesion crucial to change trajectory of South African mining

By: Robyn Wilkinson     29th September 2017 Chamber of Mines of South Africa (CoM) CEO Roger Baxter will consider the role that the CoM and mining companies can play in increasing investment in South Africa’s mining sector, despite current challenges, by creating an enabling business environment through the building of trust between mining... 

Mining production growth slows to 0.9% y/y in July

By: Anine Kilian     7th September 2017 Mining production growth slowed to 0.9% year-on-year in July, compared with production growth of 1.3% year-on-year in June. Statistics South Africa’s (Stats SA’s) latest mining production report, published on Thursday, showed that manganese ore, chromium ore, diamonds and gold were the main... 

SA out of recession but growth far from NDP ambitions

By: African News Agency      5th September 2017 The South African economy is out of recession at the moment, owing to a gross domestic product (GDP) growth of 2.5% in the second quarter of 2017, StatsSA announced on Tuesday. “Let’s go straight into the numbers … the GDP quarter-on-quarter [growth rate] is 2.5%. I saw that analysts in the media... 

Mining ups y/y output in May, but down again month on month

By: Mia Breytenbach     13th July 2017 South Africa’s headline mining production grew 3.6% year-on-year in May, but contracted -0.2% from the downwardly revised month-on-month decrease in April over March, of -1.4%. The three largest positive contributors to the headline improvement in mining activity came from iron-ore production,... 

May mining output falters on uncertain commodity prices

By: Martin Creamer     13th July 2017 Mining production data released by Statistics South Africa on Thursday revealed a second consecutive month of production contraction. The -0.2% contraction and the -1.4% contraction in April are viewed as concerning by Chamber of Mines of South Africa chief economist Henk Langenhoven, owing to... 

Chamber of Mines not lulled by 12.8% growth in mining sector in Q1

By: Megan van Wyngaardt     7th June 2017 Positive international macroeconomic trends over the last few months should have had a greater positive outcome for the local mining sector than the 12.8% improvement recorded in the first quarter, as reported in Statistics South Africa’s (StatsSA’s) latest gross domestic product (GDP)... 

Internship to benefit more students

By: Nadine James     28th April 2017 Alberton-based wear solutions company Rio-Carb plans to expand its internship programme, aimed at preparing second-year engineering students for their careers, in the near future. With two students having completed the internship programme, launched last year, the Chromium Carbide (CrC) plate... 

CoM sees green shoots in mining industry as job losses wane

By: Megan van Wyngaardt     13th April 2017 The Chamber of Mines (CoM) on Thursday said that, despite general uncertainty about the global economy and the direction and sustainability of commodity prices, as well as domestic cost and policy pressures, it seems as if there are “green shoots” of improvements “if one [looks] carefully”. Its... 

Mining showing tentative improvement off low base – chamber

By: Martin Creamer     30th March 2017 The fourth quarter mining financial statistics data released by Statistics South Africa (Stats SA) confirm the tentative improvement in the sector’s financial conditions during 2016, but off a very low 2015 base and with huge swings in performance. In 2016 rand terms, mining’s profits before... 

New Bill on way to boost State involvement in mining

By: Martin Creamer     10th February 2017 A new Bill is to be presented to the South African Parliament to strengthen the State’s role in the industry, currently dogged by legislative, regulatory and administrative tensions between government, business and labour. The Mining Company of South Africa Bill will be presented to Cabinet and... 

Eunomix further debunks Unctad claims of misinvoicing by South African gold producers

By: Megan van Wyngaardt     7th February 2017 Advisory firm Eunomix has released a second report into alleged misinvoicing of gold exports by South Africa, which the Chamber of Mines (CoM) says further refutes the claims by the United Nations Conference on Trade and Development (Unctad) that South African gold producers systematically... 

S African economy contracted by 1.2% in Q1 on big mining slump 

By: Terence Creamer     8th June 2016 The South African economy contracted by 1.2% quarter-on-quarter during the first quarter of 2016, dragged lower by the poor performance of mining and agriculture – the economy was also 0.2% weaker year-on-year. The performance represented a sharp turnaround from the 0.4% growth recorded in the... 

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