SA mining
production “’
down again
 
Pretoria, South Africa — MININGREVIEW.COM — 10 September 2010 – South African mining production fell 1.0% year-on-year in July, after a revised 0.4% rise in June, and a negative annual growth rate of -8.2% was recorded in May.

Revealing this in  a statement released here, Statistics South Africa said the total mining production for the three months ended July 2010, after seasonal adjustment, had decreased by 4.9% compared with the three months ended April 2010.

Primary contributors to this decrease were platinum group metals (PGMs), which contributed -1.7 percentage points, and coal, which contributed -1.4 percentage points.

The actual estimated total mining production for the three months ended July 2010 decreased by 2.8% compared with the three months ended July 2009.

The total value of mineral sales was up 25.8% y/y in June.

In the June quarter, the total seasonally adjusted value of mineral sales at current prices reflected an increase of 8.2% compared with the March quarter. The increase of 8.2% or R5.545 billion was mainly due to an increase in the sales value of iron ore, which contributed 7.2 percentage points or R4.818 billion, and gold, which contributed 4.9 percentage points or R3.305 billion.

The estimated total value of mineral sales at current prices for the June quarter 2010 increased by 24.8% compared with the June quarter of 2009.

Major contributors to this increase were iron ore (contributing 8.4% points or R5.003 billion); PGMs (contributing 4.9 percentage points or R2.934 billion); manganese ore (contributing 3.4 percentage points or R1.969 billion); gold (contributing 3.1 percentage points or R1.856 billion); and other metallic minerals (contributing 2.0 percentage points or R1.230 billion).