Key findings: P2041 - Mining: Production and sales, July 2014

Key findings regarding mining production for July 2014

Mining production decreased by 7,7% year-on-year in July 2014. The largest negative growth rates were recorded for PGMs (-45,2%), copper (-15,9%), gold (-14,6%) and diamonds (-10,0%). The main contributors to the 7,7% decrease were PGMs (contributing -11,1 percentage points) and gold (contributing -2,3 percentage points).

Seasonally adjusted mining production increased by 0,4% in July 2014 compared with June 2014. This followed month-on-month changes of -1,1% in June 2014 and -3,2% in May 2014.

Seasonally adjusted mining production decreased by 0,6% in the three months ended July 2014 compared with the previous three months. The main contributor to the 0,6% decrease was PGMs (contributing -3,0 percentage points). Iron ore was a significant positive contributor (contributing 2,2 percentage points).

Key findings regarding mineral sales for June 2014

Mineral sales decreased by 12,0% year-on-year in June 2014. Seven of the eleven mineral group and minerals reported negative growth rates during this period. The largest negative growth rates, together with their contributions, were recorded in the following mineral groups and minerals:

  • PGMS (-35,0% and contributing -8,1 percentage points);
  • ‘other’ metallic minerals (-26,1% and contributing -1,1 percentage points);
  • nickel (-25,2% and contributing -0,7 of a percentage point);
  • gold (-16,6% and contributing -2,2 percentage points); and
  • copper (-15,7% and contributing -0,3 of a percentage point).

Seasonally adjusted mineral sales at current prices decreased by 6,1% in June 2014 compared with May 2014. This followed month-on-month changes of -4,0% in May 2014 and -0,7% in April 2014.