[miningmx.com] – SOUTH African mining production contracted unexpectedly by 4.8% in September — its lowest level in a year — compared to a year ago after increasing by a revised 3.6% year on year in August, said BDLive citing Statistics SA data.
Rising operating costs, low global commodity prices, and muted demand are weighing on output and are contributing to retrenchments in the sector, it said.
Lower production of iron ore, coal, and diamonds was the main reason behind the drop in mining production.
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