HomeNewsSA mine production down 8.7% year-on-year

SA mine production down 8.7% year-on-year

Iron ore made the largest negative contribution to the decline in SA mine production, contributing -6.8 percentage points, followed by platinum group metals which contributed -2.2 percentage points, while manganese ore contributed -1.4 percentage points.

Gold, however, was a significant positive contributor, contributing 1.8 percentage points. [quote]

Seasonally adjusted mining production increased by 1.3% in February 2016 compared with January 2016. This followed month-on-month changes of -5.1% in January 2016 and -0.8% in December 2015.

Statistics South Africa further reported that mineral sales decreased by 1.5% year-on-year in January 2016.

The largest negative contributors to the decrease of 1.5% were iron ore at -37.3% and contributing -5 9 percentage points), manganese ore at -60.0% and contributing -3.7 percentage points, as well as chromium ore  at -30.8% and contributing -1,. percentage points).

Three minerals with significant positive contributions were gold at 31.3% and contributing 4.1 percentage points, platinum group metals at 12.4% and contributing 2.3 percentage points and ‘other’ non-metallic minerals at 45.2% and contributing 2.1 percentage points.

Seasonally adjusted mineral sales at current prices decreased by 3,9% in January 2016 compared with December 2015. This followed month-on-month changes of 2,7% in December 2015 and -2,1% in November 2015.

Chantelle Kotze
Chantelle Kotze is a Johannesburg-based media professional. She is a contributor at Mining Review Africa (Clarion Events - Africa) and has created content for the media brand over the past 6 years.