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South Africa's mining production drops 1.5% in May

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JOHANNESBURG (Scrap Register): South Africa's mining production decreased by 1.5% year-on-year in May 2019, latest data from Statistics South Africa (Stats SA) showed.

The largest negative contributors were gold, at -24.4%, and contributing -3.3 percentage points; diamonds at -30.7% and contributing -1.7 percentage points; iron ore, at -5,2% and contributing -0.7 of a percentage point; and "other" metallic minerals, at -9.8% and contributing -0.6 of a percentage point.

The largest positive contributors were: coal, at 8.0% and contributing 2.0 percentage points; PGMs, at 6.8% and contributing 1.6 percentage points; and manganese ore, at 29.3% and contributing 1.1 percentage points.

Seasonally adjusted mining production increased by 3.0% in May 2019 compared with April 2019. This followed month-on-month changes of -1.8% in April 2019 and 3.9% in March 2019.

Seasonally adjusted mining production increased by 2.2% in the three months ended May 2019 compared with the previous three months. The largest positive contributor was coal, at 4.3% and contributing 1.1 percentage points.

Mineral sales increased by 10.7% year-on-year in May 2019.

The largest positive contributors were: PGMs, at 37.9% and contributing 7.8 percentage points; iron ore at 68.6% and contributing 6.3 percentage points; ‘other’ non-metallic minerals at 34.2% and contributing 1.3 percentage points; and coal at 3.8% and contributing 1.1 percentage points.

Seasonally adjusted mineral sales at current prices decreased by 0.9% in May 2019 compared with April 2019. This followed month-on-month changes of 1.5% in April 2019 and 8.2% in March 2019.

In the three months ended May 2019 the seasonally adjusted value of mineral sales at current prices was 2.1% higher compared with the previous three months.

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