What you need to know about the new direct marketing guidance note
Nadine Mather and Chloë Loubser
December mining production up 12%
Mining production rose by 12% year-on-year (y/y) in December after a revised 5.2% (5.1%) y/y increase in November‚ according to data released by Statistics SA.
Strong increases were recorded in some sectors of the mining industry in December last year. Image: Cooldesign Free Digital Photos
Mining production rose 4% in volume terms last year compared with a 3.2% decline in 2012.
The highest positive growth rates came from building materials (39.9%)‚ iron ore (32.3%)‚ chromium ore (29.9%) and manganese ore (24.6%).
The main contributors to the 12% increase were iron ore‚ which contributed 5.8 percentage points; platinum group metals‚ which contributed 3.6 percentage points; and gold‚ which contributed 1.8 percentage points.
Seasonally adjusted mining production increased by 4.3% in the fourth quarter of last year compared with the previous quarter‚ with the main contributor being iron ore‚ which contributed 3.3 percentage points.
Mineral sales rose by 7.9% y/y in November last year. The highest positive growth rates were recorded for "other" metallic minerals (76.6%)‚ iron ore (60.3%)‚ nickel (37.9%) and chromium ore (34%).
The major contributors to the 7.9% increase were iron ore‚ which contributed 6.8 percentage points and PGMs‚ with a 4.8-percentage-point contribution. Gold‚ which fell 8 percentage points‚ was a significant negative contributor.
Seasonally adjusted mineral sales at current prices decreased by 2.7% in November 2013 compared with October 2013 following month-on-month changes of 3.3% last October and -8.0% last September.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
