Mining contracts for seventh-consecutive month

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Mining production fell 1.5% year on year in May, a little better than expected, and the sector rebounded when compared to a dismal April

Mining production contracted 1.5% year on year in May, extending the sector’s fall to a seventh consecutive month.

April had been a surprisingly bad month for the sector, which remains beset by industrial unrest and policy uncertainty. This was offset by an 8% rise in coal production year on year — adding two percentage points to the headline figure — and a 6.8% rise in platinum group metal production, adding 1.6 percentage points.

 

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