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26/07/2021 This notwithstanding, Fitch Solutions forecasts that beyond 2022, iron ore production in South Africa will see a steady decline, averaging -0.7 per cent from 2022 to 2030. Based on Fitch Solutions medium term growth forecast on a year-on-year basis, iron ore mine production volumes will decline to 3 per cent in 2022, 0.0 per cent in 2023 and -1.0 per cent in 2024 and 2025.
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