[Ferro-Alloys.com] South African mining output increased for the first time in nine months in July as coal and iron ore production surged.
Mining production rose 2.4% from a year earlier compared with a revised 4.1% decline in June, Pretoria-based Statistics South Africa said in a report on its website Thursday. The median estimate of five economists in a Bloomberg survey was for a 1% increase.
Iron ore was the big driver of the swing in mining output after its production surged by 23.7%. Coal, which is the biggest contributor to total mining, rose 8.6% in July and platinum-group metals, the second-largest mineral group, rose 2.7%. (fin24)
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