News Room

MINING STRONGEST PERFORMER IN THE 2nd QUARTER

Date Published: 03 Sep 2019

The Ministry of Mineral Resources and Energy notes and welcomes the performance of the mining sector in the second quarter of 2019 wherein the economy rebounded from a major decline in the first quarter to record a 3.1% positive growth. 

Contrary to the 10,8% decline in the first quarter, the mining sector expanded by 14,4% in the second quarter, contributing 1,0% point to GDP, according to data released by StatsSA today.

The main contributors to the growth in mining include iron ore, manganese and coal. 

 

As previously asserted by the Minister, mining is about more than a few minerals. This suggests a holistic outlook is required on the industry, beyond the minerals that have been dominant over a long time, which are now in decline. The performance of the sector in the second quarter is encouraging and attests to the work undertaken together with the department’s social partners to turn the industry around.

 

The department will continue to prioritise this work moving forward, in order to ensure the sector’s positive contribution to the economy is sustained.

 

For enquiries, kindly contact:

 

Nathi David Shabangu +27 73 852 1922 (Media Liaison Officer – Ministry)

Ayanda Shezi +27 82 308 1586 (Head of Communications)

 

Ends

Issued by the Department of Mineral Resources and Energy

 

Media statements
#Mining #GDP