Johannesburg, South Africa — MININGREVIEW.COM — 11 December 2008 – The total seasonally adjusted value of South African mineral sales at current prices for the third quarter of 2008 rose almost 50% above those for the corresponding three months of 2007.
Releasing latest production figures here, Statistics South Africa revealed that the major contributors to the year-on-year increase of 47.6% were coal (150 percentage points or R8 242.9 million), PGMs (11.5 percentage points or R6 335.6 million) and manganese ore (9.9 percentage points or R5 435.3 million).
The release added that total seasonally adjusted value of mineral sales at current prices for the third quarter of 2008 had reflected a decrease of 1.1%, compared with the second quarter of 2008. This decrease of R862.4 million could be attributed to a decrease of 9.7%, or R1 132.1 million, in gold sales.
Statistics South Africa added that total mining production for the three months ended 31October 2008, after seasonal adjustment, had increased by 4.9% compared to the previous three months. The main contributors had been PGMs (8.0 percentage points), iron ore (0.3 of a percentage point) and nickel (0.2 of a percentage point). However, compared to the same three months of 2007, total mining production for the three months ended 31October 2008 had decreased by 2.4%. Actual total mining production for October 2008 rose by 3.5% compared with October 2007, largely attributable to an increase of 6.5% in non-gold mineral production.