Key findings: P2041 - Mining: Production and sales, October 2013

Key findings regarding mining production for October 2013

Mining production increased by 22,0% year-on-year in October 2013. The highest positive growth rates were recorded for copper (194,4%), gold (74,4%), chromium ore (43,0%), iron ore (38,2%) and manganese ore (36,7%). The main contributors to the 22,0% increase were gold (contributing 8,0 percentage points), iron ore (contributing 5,6 percentage points) and PGMs (contributing 3,9 percentage points). Coal and ‘other’ non-metallic minerals were the only negative contributors (contributing -0,9 and -0,6 of percentage point respectively).

Seasonally adjusted mining production increased by 6,5% in October 2013 compared with September 2013. This followed month-on-month changes of -3,9% in September 2013 and -1,7% in August 2013.

Seasonally adjusted mining production decreased by 0,4% in the three months ended October 2013 compared with the previous three months. The main contributor to the 0,4% decrease was iron ore (contributing -2,3 percentage points).

Key findings regarding mineral sales for September 2013

Mineral sales increased by 8,6% year-on-year in September 2013. The highest positive growth rates were recorded for copper (121,1%) and chromium ore (55,2%). The major contributors to the 8,6% increase were PGMs (contributing 6,1 percentage points), iron ore (contributing 3,8 percentage points) and coal (contributing 2,4 percentage points). Gold was a significant negative contributor (contributing -8,2 percentage points).

Seasonally adjusted mineral sales at current prices decreased by 7,8% in September 2013 compared with August 2013. This followed month-on-month changes of 8,0% in August 2013 and 2,4% in July 2013.

Seasonally adjusted mineral sales at current prices increased by 4,5% in the third quarter of 2013 compared with the previous quarter. This increase was largely driven by the sales value of iron ore (contributing 3,7 percentage points) and PGMs (contributing 3,0 percentage points).