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

Key findings regarding mining production for June 2011

Seasonally adjusted mining production decreased by 1,1% in the second quarter of 2011 compared with the first quarter of 2011. The main contributor to the 1,1% decrease was PGMs (contributing -2,7 percentage points) while the only significant positive contributor was iron ore (contributing 1,3 percentage points).

Actual mining production increased by 7,0% in the second quarter of 2011 compared with the second quarter of 2010 (see Tables A and 6). A year-on-year decrease of 0,7% was recorded in June 2011 compared with a revised 10,7% increase in May 2011.

Key findings regarding mineral sales for May 2011

The seasonally adjusted value of mineral sales at current prices reflected a decrease of 2,4% for the three months ended May 2011 compared with the three months ended February 2011. The 2,4% decrease (-R2 095,3 million) was mainly due to decreases in the sales value of PGMs (contributing -2,9 percentage points or -R2 553,4 million) and other non-metallic minerals (contributing -1,3 percentage points or -R1 123,6 million).

The actual value of mineral sales at current prices for the three months ended May 2011 increased by 17,9% compared with the three months ended May 2010. The major contributors to this increase were iron ore (contributing 5,8 percentage points or R4 260,9 million), coal (contributing 4,1 percentage points or R2 965,8 million), PGMs (contributing 3,5 percentage points or R2 568,8 million) and gold (contributing 3,1 percentage points or R2 243,5 million).