While less than South Africa’s mining production decline of 6.9% in April, the downward trend remained for another month.
Statistics South Africa (Stats SA) said on Thursday that the main negative contributor was iron ore, the production of which decreased by 26.4% and accounted -4.9 percentage points to the overall decrease.
Close behind it was a decrease in manganese ore production, which decreased 25.4% and contributed -1.8 percentage points.
In contrast, platinum group metals (PGMs) was a significant positive contributor, the production of which increased 23.1% year-on-year and contributed 3.9 percentage points.
Meanwhile, mineral sales decreased by 3.5% year-on-year in April 2016. The largest negative contributor to the decrease of 3.5% was PGMs, which slumped 30.9% and contributed -8.6 percentage points.
A significant positive contributor was gold at 21.9% – contributing 2.0 percentage points year-on-year percentage change in mineral sales.