https://newsletter.mw.creamermedia.com
Business|Coal|Construction|Gas|Mining|Services|Waste|Water|Waste
Business|Coal|Construction|Gas|Mining|Services|Waste|Water|Waste
business|coal|construction|gas|mining|services|waste-company|water|waste

Mining turnover falls - ABS

Image shows a mining operation

Photo by Bloomberg

11th July 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – New data from the Australian Bureau of Statistics (ABS) has shown that mining turnover continues to fall, with the mining industry reporting the largest fall in the 13 selected industries during May.

“Mining turnover fell 6% in May, following a 12.1% fall in April, as demand and prices for commodities such as iron-ore and coal come off recent highs,” said ABS head of business indicators Robert Ewing.

“Increased monthly turnover was seen in 11 of the 13 selected industries in May, after most industries saw falls in turnover in the previous month. Electricity, gas, water and waste services recorded the largest monthly percentage rise, increasing 12.8%, after falling 7.5% in April.”

In year-on-year terms, 12 of the 13 selected industries recorded rises. Increases were led by construction while electricity, gas, water and waste services had the smallest rise. Through the year to May, the only industry recording a fall in turnover was mining, down 13.5%, the largest negative year-on-year fall for the industry since August 2020, which fell by 14.6%

Edited by Creamer Media Reporter

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.076 0.206s - 128pq - 2rq
Subscribe Now