HomeBase MetalsMining production and mineral sales drop further

Mining production and mineral sales drop further

A typical South
African mine, where
production continues
falling
 
Pretoria, South Africa — MININGREVIEW.COM — 12 June 2009 – Total mining production during the three months to 30 April 2009 in South Africa – the world’s biggest producer of platinum and third-biggest gold producer – once again showed a substantial decrease.
 
The latest mining production figures released by Statistics South Africa showed that total mining production for the three-month period ended April 2009 had dropped by 8.6% compared with the three months ended April 2008. Mining production for April 2009 had decreased by 10.6% compared with April 2008. Gold and non-gold minerals production had fallen by 13.0% and 10.3% respectively.

Statistics South Africa went on to reveal that the total seasonally adjusted value of mineral sales at current prices for the first quarter of 2009 reflected a decrease of 12.8% compared with the previous quarter. This decrease of R9 001.6 million was the result of a decline of 13.7% (R7 837.9 million) in the sale of non-gold minerals and 8.9% (R1 163.7 million) in the sale of gold.

The actual estimated total value of mineral sales at current prices for the first quarter of 2009 dropped by 10.9% compared with the first quarter of 2008. The major contributors to this year-on-year decrease were PGMs (-14.6 percentage points or R9 488.1 million), other non-metallic minerals (-1.8 percentage points or R1 141.5 million) and nickel (-1.2 percentage points or R802.0 million).

The three minerals that made substantial positive contributions to the change were iron ore (5.2 percentage points or R3 382.4 million), coal (2.5 percentage points or R1 588.3 million) and gold (2.4 percentage points or R1 584.3 million).

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