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Mining production and mineral sales down

A typical South
African mine, where
production continues
falling
 
Johannesburg, South Africa — MININGREVIEW.COM — 13 November 2009 – South African mining production in the third quarter of 2009 decreased by 1.8% compared with the previous three months, and actual estimated total mining production for the quarter dropped by 7.5% compared with the third quarter of 2008.

The latest mining production figures released by Statistics South Africa showed that platinum group metals (PGM) production had been the main contributor (-4.6 percentage points) to the 1,8% decrease. PGM production had been mainly affected by strike actions and mine accidents during the months of August and September 2009.

The statistics also revealed that mining production for September 2009 had decreased by 15.9% compared with September 2008.

The total seasonally adjusted value of mineral sales at current prices for the three months ended August 2009 reflected a decrease of 4.4% compared with the previous three months. This decrease of 4.4% (-R2 600 7 million) was mainly due to a decrease of 12.8% (contributing -3.2 percentage points or -R1 883.1 million) in the sale value of PGMs, and a decrease of 8.4% (contributing -1.8 percentage points or -R1 069.7 million) in the value of gold sales.

The statistics also showed that the actual estimated total value of mineral sales at current prices for the three months ended August 2009 had decreased by 30.7% compared with the three months ended August 2008. The major contributors to this decrease of 30.7%, year-on-year, had been PGMs (contributing -16.2 percentage points or -R13 641.9 million), coal (contributing -6.6 percentage points or -R5 570.4 million) and manganese ore (contributing -6.3 percentage points or -R5 332.0 million). The mineral that made a substantial positive contribution to the change was iron ore (3.0 percentage points or R2 540.0 million.

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