MINING production in South Africa fell 4.5% year on year in November, after a revised 8% (7.7%) year-on-year drop in October, data released by Statistics South Africa showed on Tuesday.
The biggest drop was recorded for copper (57.3%)‚ followed by gold (32.27%) and other metallic minerals (13%). The main contributors to the 4.5% decrease were gold, which contributed 5.5 percentage points, and copper, at 0.9 percentage points.
Seasonally adjusted mining production increased by 10.6% in November compared with October. This followed month-on-month falls of 8.1% in October and 7% in September.
However, for the three months ended November, seasonally adjusted mining production fell 10.9% compared with the previous three months. The main contributors to that fall were gold (four percentage points); platinum group metals (3.2 percentage points); and iron ore (2.3 percentage points).
Mineral sales decreased by 13.5% year on year in October. The largest decline was recorded for chromium ore (down 42.9%), followed by other metallic minerals (37.1%), copper (35.2%), and gold (27.1%).
The major contributors to the 13.5% decrease were gold (5.6 percentage points); coal (2.5 percentage points); and iron ore (1.7 percentage points).
Seasonally adjusted mineral sales at current prices fell 4.8% in October compared with September, following a month-on-month fall of 7.5% in September and a 0.9% rise in August.
Seasonally adjusted mineral sales at current prices dropped 6.7% in the three months ended October compared with the previous three months.
The decrease was mainly driven by the sales value of gold, coal and iron ore.
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