Mining output climbs by 5.3%

Cape Town - Mining production increased by 5.3% year-on-year (y/y) in September 2014, according to data released by Statistics South Africa on Thursday.

The main contributors to the 5.3% increase were iron ore (contributing 5.7 percentage points), coal (contributing 1.8 percentage points) and manganese ore (contributing 1.2 percentage points). PGMs remained a large negative contributor (contributing -4.1 percentage points).

The highest positive growth rates were recorded for iron ore (38.3%), manganese ore (20.1%) and diamonds (15.1%).

Seasonally adjusted mining production increased by 7.0% in September 2014 compared with August 2014.

Seasonally adjusted mineral sales at current prices decreased by 0.5% in August 2014 compared with July 2014.

#Mining production up by 5,3% y/y in September 2014. Highest positive growth rate recorded: iron ore (38,3%) #StatsSA http://t.co/AkLLRJ4jhq

— Stats SA (@StatsSA) November 13, 2014