SABC News - Mining sector output takes a dip:Thursday 10 August 2017

Mining sector output takes a dip

Thursday 10 August 2017 20:05

SABC

AMCU president, Joseph Mathunjwa is not happy about proposed retrenchments in the Mining industry.

AMCU president, Joseph Mathunjwa is not happy about proposed retrenchments in the Mining industry.(SABC)

Mining production has fallen for the first time since December 2016.

Figures released by Statistics South Africa, show output in the sector decreased by 0.8 percent year-on-year in June.

In May, output had recorded a revised positive production of 4.1%.

Stats SA's JP Terblanche says despite the disappointing numbers for June, the sector has done well.

“Quarter-on-quarter, we are positive. That bodes well for GDP figures in the future. Hopefully, they will have a positive contribution on our growth rate. Obviously, the mining guys took advantage for the good market of commodity prices."

Meanwhile, Amcu President Joseph Mathunjwa has added his voice to those lamenting the new wave of retrenchments in the mining industry.

He says the recent announcement by AngloGold Ashanti, Sibanye Gold and Bokoni Platinum to retrench thousands of mineworkers, will plunge their dependants into poverty.

Mathunjwa says Amcu is engaging with the companies and is also planning to march to the Union Buildings in Pretoria to demand government action to curb the job losses.

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