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Sept mineral sales reach R33.5bn

Cape Town - South Africa sold minerals to the value of R33.5bn in September, the highest rand amount since February, according to mineral sales data released by Statistics SA on Tuesday.

Its latest monthly mining production and sales report shows R9.1bn of the income came from the sale of coal, while platinum group metals (PGMs) accounted for R7.4bn, iron ore R4.4bn and gold R4bn.

Positive contributor

According to a table in the document, South African mineral sales totalled R385bn last year.

Among the report's key findings is that mineral production decreased by 1.1% year-on-year in October.

"The largest negative growth rates were recorded for PGMs (minus 20.5%) and copper (minus 10.8%).

"The main contributors to the 1.1% decrease were PGMs and gold. Iron ore was a significant positive contributor."

Among its key findings on mineral sales are that these increased by 0.4% year-on-year in September.

Major contributors

"The highest positive growth rates were recorded for nickel (43.9%) other non-metallic minerals (33.8%) and manganese ore (20.6%).

Major contributors to the increase were coal and non-metallic minerals.

"Seasonally adjusted mineral sales at current prices increased by 5.8% in September 2014, compared with August 2014. This followed month-on-month changes of minus 0.4% in August 2014 and 7.1% in July 2014."

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Rand - Dollar
19.07
+0.5%
Rand - Pound
23.60
+1.0%
Rand - Euro
20.32
+0.3%
Rand - Aus dollar
12.24
+0.5%
Rand - Yen
0.12
+0.4%
Platinum
943.20
-0.8%
Palladium
1,035.50
+0.6%
Gold
2,388.72
+0.4%
Silver
28.63
+1.4%
Brent-ruolie
87.11
-0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
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