Business Maverick: Factory gate prices for mining products are buoyant, but don’t expect production to leap soon

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 84%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Business Maverick: Factory gate prices for mining products are buoyant, but don’t expect production to leap soon By Ed Stoddard

For all of its challenges, much of South Africa’s mining industry has recently been becoming more profitable. There have been costs involved, including the closure of underperforming shafts and job losses. But the sector has been doing relatively well. number for mining for March 2019, which showed that prices at the mine gate rose 20.2% year on year from 10.6% in February. It was last in this region about three years ago before slowing sharply, briefly into negative territory.

Meanwhile, input costs remain relatively subdued. The Minerals Council South Africa has designed its own index to measure these costs, which exclude labour and which has been peer-reviewed by Statistics South Africa.that these costs are currently running at around 6% to 7%. The latest Eskom power hikes have not been factored in yet, so that could change.

There is an unsurprising correlation between the mine PPI and commodity prices. But this does not immediately translate into increased production.Production trends tend to lag behind changes in commodity prices by around 12 to 18 months.

This is another example of how structural policy and economic issues prevent industries in South Africa from realising their full potential. If mining production could nimbly scale up to take advantage of this situation, the benefits would not just flow to mining boardrooms and investors. They would feed into economic growth, employment , tax collection, the current account and other areas.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Maverick: Strong ANC Win Would Boost S. African Asset Prices, Goldman SaysA strong win for South African President Cyril Ramaphosa’s African National Congress in next week’s election would trigger a rally in asset prices, according to Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group Inc. Unfortunately for Goldman Sachs and Colin Coleman, we will vote for EFF... No,a Coalition should do the trick,Same as in Johannesburg. It's true. The international opinion formers that define what we pay for the necessary debt for infrastructure and development know a vote for CyrilRamaphosa and the MYANC is a vote for the future.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Gold Gets Taken for a Ride as Price Gyrates After Fed CommentsGold traders can be forgiven for feeling a bit queasy as efforts to parse economic signals from the U.S. Federal Reserve put them on a roller-coaster ride.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Monday April 28: Five Things You Need to Know to Start Your DayTakeaways from China’s Belt and Road forum. Japan markets are shut for the week, but there is a slew of key global data that traders will be watching. Incumbent Sanchez set to be returned as Spain’s PM after election. Here’s what’s moving markets.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Britons opt for non-EU holidays in face of Brexit impasse – Thomas CookBritish holidaymakers are favouring destinations outside the European Union after repeated delays to Brexit discouraged travellers from booking early and prompted them to look further afield, travel firm Thomas Cook said on Monday. Not Britons but Muslim Turks .
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Thursday May 2: Five Things You Need to Know to Start Your DayThe Fed stands pat, mostly. U.S. Treasury Secretary Steven Mnuchin calls China trade talks “productive,” and yet another Brexit compromise is brewing. Here’s what’s moving markets.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

BUSINESS MAVERICK OP-ED: Deregistration threat to Amcu calls for active union solidarityThe Department of Labour’s threat to deregister the Association of Mineworkers and Construction Union is a cause for concern. It cannot be that more than 200,000 members be left without a bona fide union because Amcu is more than a year late with the holding of its national congress. A failure to resolve this matter will only further entrench the view that the department is intent on punishing those it sees as opposed to the ANC.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Diamond Trading Goes Online as Lucara Takes on Industry GoliathsBusiness Maverick: Diamond Trading Goes Online as Lucara Takes on Industry Goliaths By Bloomberg
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

BUSINESS MAVERICK: The Shoprite/Wiese deal: Is there a plan B?It’s quite a standoff. The Shoprite board has recommended that its founder and chairman Christo Wiese should be paid R3.3bn for the high-voting shares that were part of his founding stake. Some shareholders don’t like it and it will only take 15% of them to jettison the deal. Does Wiese have any other options? There is one obvious one — he could sell the shares to an outsider. But will he?
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Woodstock 50th anniversary going ahead, organisers say, despite investor withdrawalA planned three-day concert marking the 50th anniversary of theWoodstock music festival was thrown into doubt on Monday after the lead investors said they had canceled the event but organisers said they were going ahead.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Tesla Manager Sees Risk of Battery-Minerals Shortage in FutureBooming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time, a Tesla Inc. representative told U.S. officials and mining executives in a meeting in Washington.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »