May mining production increases

Written on July 13, 2011 – 4:56 pm | by Ashley Johnson

South African mining production rose 9.6% year on year in May after a revised 12.0% increase in April, data released by Statistics SA on Thursday shows.

This reflects a pullback in growth after April’s strong figure, which was the highest increase registered since September last year.

Seasonally adjusted mining production increased by 0.4% for the three months to May, compared with the three months to February.

The main contributor to the 0.4% increase was iron ore, which contributed 1.3 percentage points.

Actual mining production increased by 6.7% for the three months to May, compared with the three months to May 2010.

The seasonally adjusted value of mineral sales at current prices reflected an increase of 4.4% for the three months to April, compared with the three months to January.

This R3.68-billion increase was mainly due to increases in the sales value of coal, which contributed 2.6 percentage points or R2.18-billion, and other non-metallic minerals, which made up 1.5 percentage points or R1.23-billion.

The actual value of mineral sales at current prices for the three months to April increased by 28% when compared with the three months to April 2010.

The main reasons for this increase were: iron ore, which contributed 7.3 percentage points or R4.97-billion; coal, with its contribution of 6.8 percentage points or R4.62-billion; platinum group metals, which added 6.7 percentage points or R4.51-billion; and gold, with its contribution of 3.9 percentage points or R2.61-billion. — I-Net Bridge

Perfect Business!

May mining production increases

Similar Posts:

Post a Comment