Mining production declined in May
Annual mining output declined in May, though not at the record-breaking pace reported in the previous month, as SA moved into lockdown level 4 and more operations returned to production.
On a month-on-month, seasonally adjusted basis, mining production rose 44% in May from the previous month’sRestrictions on mining production eased somewhat under level 4, with opencast mining operations permitted to scale up to full employment, while other mining operations were permitted to start up in batches and move towards 50% employment.
“However, miners will still have to contend with several headwinds, including containing potential Covid-19 outbreaks, lower capacity utilisation rates, load-shedding, as well as weak external demand from many of our trading partners,” he said in a note.
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