HomeBase MetalsMining production continues decrease

Mining production continues decrease

South African mining
production has declined
once again
Pretoria, South Africa — MININGREVIEW.COM — 14 August 2009 – Total mining production for the second quarter of 2009 decreased by 10.7% compared with the second quarter of 2008, but did show an increase of 4.5%, after seasonal adjustment, compared with the previous quarter.

The latest mining production figures released by Statistics South Africa showed that platinum group metal PGM production was the main contributor (4.0 percentage points) to the 4.5% increase.

Mining production for June 2009 decreased by 7.3% compared with June 2008, reflected by gold and non- gold minerals production decreasing by 12.2% and 6.4% respectively.

The latest statistics also revealed that the total seasonally adjusted value of mineral sales at current prices for the three months ended May 2009 had reflected a decrease of 0.8%, compared with the previous three months.

This decrease of R462.1 million was a result of a 2.5% (R1 208.6 million) drop in the sale of non-gold minerals. The actual estimated total value of mineral sales at current prices for the three months ended May 2009 had decreased by 24.1% compared with the three months ended May   2008.

The major contributors to this decrease were PGMs (15.0 percentage points or R11 746.8 million), manganese ore (4,4 percentage points or  R3 421.9  million), coal (3.8 percentage points or R2 982.0 million), and other non-metallic minerals (1.7 percentage points or R1 346.5 million). The two minerals that made substantial positive contributions to the change were iron ore (3.0 percentage points or R2 353.7 million) and gold (1.4 percentage points or R1 121.8 million).