This a platinum nugget
– platinum is a major
contributor to South
African mining production
 
Johannesburg, South Africa — MININGREVIEW.COM — 16 January 2009 – Total mining production and the total seasonally adjusted value of South African mineral sales at current prices both showed increases in the three months to the end of November 2008, compared to the previous quarter.

Releasing latest production figures here, Statistics South Africa revealed that total mining production for the three months ended November 2008, after seasonal adjustment, had increased by 6.1% compared with the previous three months. The main contributor was PGMs (9.0 percentage points). The total mining production for the three months ended November 2008 decreased by 2.2% compared with the three months ended November 2007.

The actual total mining production for November 2008 decreased by 6.1% compared with November 2007, which is largely attributable to negative contributions from diamonds (-2.8 percentage points), coal (-1.2 percentage points) and gold (-1.1 percentage points).  

The total seasonally adjusted value of South African mineral production at current prices for the three months to 30 November 2008 reflected an increase of 0.7% compared with the previous three months. This increase of (R534.2 million) can be largely attributed to an increase of 1.2% (R799.9 million) in non-gold mineral sales. The actual estimated total value of mineral sales at current prices for the three months ended October 2008 increased by 43.5% compared with the three months ended October 2007. The major contributors to this increase year-on-year, were coal (16.6 percentage points or R9 370.4 million), manganese ore (8.8 percentage points or R5 109.1 million) and PGMs (6.6 percentage points or R3 727.8 million).