Mining production falls sharply in April as lockdown effects take hold

The Covid-19 pandemic and subsequent lockdown regulations since March 27 have had a severe impact on economic activity, with mining production alone having decreased by 47.3% year-on-year in April. Overall, platinum group metal (PGM) production was down 62% year-on-year and contributed -14.6 percentage points to the overall mining production figure. Iron-ore production was down 68.7% year-on-year, contributing -7.5 percentage points, while gold was down by 59.6% year-on-year and contributing -6.9 percentage points.