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

Key findings regarding mining production for November 2014

Mining production decreased by 0,4% year-on-year in November 2014. The largest negative growth rates were recorded for PGMs (-14,3%), diamonds (-14,2%), gold (-10,1%) and copper (-10,1%). The main contributors to the 0,4% decrease were PGMs (contributing -3,3 percentage points), gold (contributing -1,6 percentage points) and coal (contributing -1,0 percentage point). Iron ore was a significant positive contributor (contributing 3,5 percentage points).

Seasonally adjusted mining production decreased by 1,2% in November 2014 compared with October 2014. This followed month-on-month changes of 0,6% in October 2014 and 7,3% in September 2014.

Seasonally adjusted mining production increased by 6,2% in the three months ended November 2014 compared with the previous three months. The main contributor to the 6,2% increase was PGMs (contributing 4,7 percentage points).

Key findings regarding mineral sales for October 2014

Mineral sales decreased by 3,2% year-on-year in October 2014. The largest negative growth rates were recorded for iron ore (-14,8%), copper (-13,5%) and coal (-10,9%). The major contributors to the 3,2% decrease were:

  • coal (contributing -3,2 percentage points);
  • iron ore (contributing -2,4 percentage points);
  • PGMs (contributing -1,6 percentage points); and
  • gold (contributing -1,0 percentage point).

Seasonally adjusted mineral sales at current prices were flat in October 2014 compared with September 2014. This followed month-on-month changes of 5,7% in September 2014 and -0,4% in August 2014.