South African mining production rebounded to 2.8% annual growth in June, which surprised economists who had expected a contraction or, at best, small growth.
The decline in May’s mining production was revised to 1.8% from the previously reported 2.6%. This means mining may help SA escape a recession as defined by two consecutive quarters of a contracting GDP.
Capital Drilling PLC (LON:CAPD), we provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets. Our services include: blast hole, directional, grade control, resource development and underground drilling services, together with geo-technical capabilities.