S Africa’s February mining output up 7.5% y/y
JOHANNESBURG (miningweekly.com) – South Africa’s mining production increased by 7.5% year-on-year in February.
The main contributors to the increase were iron-ore, contributing 4.2 percentage points; platinum-group metals (PGMs), contributing 2.8 percentage points; and manganese ore, contributing 1.1 percentage points. Gold made the largest negative contribution of 1.5 percentage points.
Further, for February, the highest positive growth rates were recorded for PGMs, at 26.7%; iron-ore, at 22.6%; and manganese ore, at 16.8%, Statistics South Africa (Stats SA) said on Thursday.
The 7.5% increase in output represented a turnaround from the 2.3% year-on-year contraction recorded in January.
“The better-than-expected mining production figures for February need to be seen in context of the weak base production is coming off, bearing in mind that last year’s platinum sector strikes kicked off towards the end of January 2014.
“The now negative momentum growth in production continues to point to a sector which remains under a great deal of pressure and, once again, looks unlikely to contribute meaningfully to gross domestic product growth for the first quarter,” commented BNP Paribas economist Jeffrey Schultz.
Meanwhile, Stats SA reported that mineral sales for January had decreased by 14.5% year-on-year, with PGMs, iron-ore and gold making the biggest negative contributions of 6.8, 2.9 and 1.7 percentage points respectively.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation