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Johannesburg – Mining production in SA fell by 4.5% year on year (y/y) in November after a revised 8.0% (7.7%) (y/y) decrease in October‚ data released by Statistics SA showed on Tuesday.
The highest negative growth rate was recorded for copper (-57.3%)‚ followed by gold (-32.27%) and other metallic minerals (-13.0%). The main contributors to the 4.5% decrease were gold (contributing -5.5% points); and copper (contributing -0.9% point).
The seasonally adjusted mining production increased by 10.6% in November compared with October. This followed month-on-month (m/m) changes of -8.1% in October and -7.0% in September.
Seasonally adjusted mining production decreased by 10.9% in the three months ended November compared with the previous three months. The main contributors to the 10.9% decrease were gold (contributing -4.0% points); platinum group metals (contributing -3.2% points); and iron ore (contributing -2.3% points).
Mineral sales decreased by 13.5% (y/y) in October. The largest negative growth rate was recorded chromium ore (-42.9%)‚ followed by other metallic minerals (-37.1%)‚ copper (-35.2%)‚ and gold (-27.1%).
The major contributors to the 13.5% decrease were gold (contributing -5.6% points); coal (contributing -2.5% points); and iron ore (contributing -1.7% points).
Seasonally adjusted mineral sales at current prices decreased by 4.8% in October compared with September following (m/m) changes of -7.5% in September and 0.9% in August.
Seasonally adjusted mineral sales at current prices decreased by 6.7% in the three months ended October compared with the previous three months.
The decrease was mainly driven by the sales value of gold‚ coal‚ and iron ore.
The highest negative growth rate was recorded for copper (-57.3%)‚ followed by gold (-32.27%) and other metallic minerals (-13.0%). The main contributors to the 4.5% decrease were gold (contributing -5.5% points); and copper (contributing -0.9% point).
The seasonally adjusted mining production increased by 10.6% in November compared with October. This followed month-on-month (m/m) changes of -8.1% in October and -7.0% in September.
Seasonally adjusted mining production decreased by 10.9% in the three months ended November compared with the previous three months. The main contributors to the 10.9% decrease were gold (contributing -4.0% points); platinum group metals (contributing -3.2% points); and iron ore (contributing -2.3% points).
Mineral sales decreased by 13.5% (y/y) in October. The largest negative growth rate was recorded chromium ore (-42.9%)‚ followed by other metallic minerals (-37.1%)‚ copper (-35.2%)‚ and gold (-27.1%).
The major contributors to the 13.5% decrease were gold (contributing -5.6% points); coal (contributing -2.5% points); and iron ore (contributing -1.7% points).
Seasonally adjusted mineral sales at current prices decreased by 4.8% in October compared with September following (m/m) changes of -7.5% in September and 0.9% in August.
Seasonally adjusted mineral sales at current prices decreased by 6.7% in the three months ended October compared with the previous three months.
The decrease was mainly driven by the sales value of gold‚ coal‚ and iron ore.
