Mining output expected to surge further as world economy picks up

Precious metals and minerals once gain came through for the beleaguered mining industry as output surged and was expected to lift even further in the medium term.

Data from Statistics South Africa (StatsSA) yesterday showed that production improved with export values growing 5.6 percent month-on-month in February to R53.5 billion. Analysts said that the output was 33.6 percent higher than the comparable period last year, suggesting that external conditions had become favourable in line with the global economic growth recovery.

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