Key findings: P2041 - Mining: Production and sales, February 2011

Key findings regarding mining production for February 2011

Seasonally adjusted mining production increased by 0,7% for the three months ended February 2011 compared with the three months ended November 2010. The main contributor to the 0,7% increase was PGMs (contributing 1,9 percentage points).

Actual mining production rose by 5,1% for the three months ended February 2011 compared with the three months ended February 2010 (see Tables A and 6). A year-on-year increase of 2,8% was recorded in February 2011 compared with a 3,2% increase in January 2011.

Key findings regarding mineral sales for January 2011

The seasonally adjusted value of mineral sales at current prices reflected an increase of 4,8% for the three months ended January 2011 compared with the three months ended October 2010. The increase of 4,8% (R3 836,0 million) was mainly due to increases in the sales value of iron ore (contributing 2,1 percentage points or R1 684,7 million), PGMs (contributing 1,5 percentage points or R1 170,5 million) and coal (contributing 1,1 percentage points or R906,2 million).

The actual value of mineral sales at current prices in the three months ended January 2011 increased by 30,3% compared with the three months ended January 2010. The major contributors to this increase were iron ore (contributing 13,8 percentage points or R8 381,3 million), PGMs (contributing 5,7 percentage points or R3 455,2 million), gold (contributing 3,7 percentage points or R2 234,6 million) and coal (contributing 2,2 percentage points or R1 319,9 million).