South Africa's mining production declined by 7.7% YoY in April, primarily due to decreases in the production of platinum group metals and gold.

According to Mining Weekly, data from Statistics South Africa (Stats SA) showed that the country's mining production fell by 7.7% YoY in April, mainly due to declines in platinum group metals and gold production, although the growth in iron ore production partially mitigated the decline.

Seasonally adjusted production increased by 0.6% MoM in April, compared to changes of 3.6% and -3.9% in March and February, respectively.

Stats SA found that seasonally adjusted mining production decreased by 2.7% QoQ from February to April. The largest negative impact came from platinum group metals, while the largest contribution was from iron ore.

Meanwhile, Stats SA also found that the sales value of mineral products increased by 0.7% YoY at current prices in April.

The largest contributor was gold, with sales increasing by 57.6%, contributing 9.4 percentage points, followed by manganese ore, with sales increasing by 66.6%, contributing 3.3 percentage points.

The largest drag was from platinum group metals, which fell by 20.1%, pulling down the index by 4.7 percentage points, followed by iron ore, which fell by 25.9%, pulling down the index by 3.5 percentage points.

Seasonally adjusted sales value of mineral products at current prices increased by 6.7% MoM in April. It increased by 1.6% in March and decreased by 8.6% in February.

Seasonally adjusted sales value of mineral products decreased by 8.5% QoQ from February to April.