South Africa- Key findings by Statistics South Africa (Stats SA) regarding mineral sales for January 2015 indicate that mineral sales decreased by 14.5% year-on-year in January 2015, despite an increase in mining production by 7.5% year-on-year recorded in the following month for February 2015.

The major contributors to the 14.5% decrease in sales were platinum-group metals, which contributed 6.8 percentage points; iron-ore, which contributed 2.9 percentage points; and gold, which contributed 1.7 percentage points.

Despite their constrained sales market, PGMs and iron-ore recorded the highest positive growth rates in mineral production with 26.7% and 22.6%, respectively.

Manganese also showed positive production in that month with a 16.8% growth rate.

Meanwhile, Stats SA reports that seasonally adjusted mineral sales at current prices decreased by 5.1% in January 2015 compared with December 2014. This followed month-on-month changes of 1.1% in December 2014 and -4.5% in November 2014.

Seasonally adjusted mining production increased by 3.8% in February 2015 compared with January 2015. This followed month-on-month changes of -3.5% in January 2015 and 0.7% in December 2014.

Seasonally adjusted mining production decreased by 1.3% in the three months ended February 2015 compared with the previous three months. The main contributor to the 1.3% decrease was gold (contributing -1.0 percentage point).

These statistics are based on the mining production and mineral sales figures furnished to Stats SA by the Department of Mineral Resources.

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