South Africa’s mining production up

mining-saSouth Africa’s mining production grew by 5.3 per cent year-on-year in September this year, Statistics SA reported

The highest positive growth rates were recorded for iron ore at 38.3 per cent, manganese ore at 20.1 per cent and diamonds at 15.1 per cent, the report added.

The main contributors to the increase were iron ore contributing 5.7 per cent, coal contributing 1.8 per cent and manganese ore contributing 1.2 per cent.

According to Statistics SA, seasonally adjusted mining production increased by seven per cent in September 2014 compared with August 2014.

Platinum group metals (PGMs), however, remained a large negative contributor at -4.1 per cent.

Mineral sales decreased by 10.7 per cent in August 2014 compared to August 2013, the report added.

The largest negative growth rates were recorded for iron ore with -40.7 per cent), PGMs -31.2 per cent and manganese ore -22.4 per cent.

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