Beneath the Surface
The South African Mining industry looks set to enjoy a much-needed reprieve as 2018 shapes to be the year the industry can catch its breath. It is still very dependent on the discussions between the Chamber of Mines and Department of Mineral Resources to finalise the Charter and impasse. The fourth quarter experienced the highest growth rate of 2017, with the economy expanding by 3,1% quarter-on-quarter (seasonally adjusted and annualised). Mining’s growth was spurred on, in part, by increased production of manganese ore, chrome, and iron ore, according to a recent article by Stats SA. This increase is closely linked to production of steel contributing to these increases.
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