S Africa July mining output down 7.7% y/y

South Africa’s mining production decreased 7.7% year-on-year in July, with the platinum-group metals (PGMs), copper, gold and diamond sectors recording the largest negative growth rates.  According to the latest data released by Statistics South Africa, PGMs output fell 45.2% year-on-year, copper 15.9% year-on-year, gold 14.6% year-on-year and diamonds 10% year-on-year in July.