Improvement in South Africa's Mining Sector

By Joel ScanlonJan 19 2011

Production in South Africa's mining sector has risen 9.6% in November on a yearly comparison. In October it had been revised to a 6.5% rise as per available statistics. This is indeed good news as the mining production was showing a negative annual growth rate at the end of May of -7.7%.

The three month period ending in November last year saw a rise of 2.6% in mining production when compared to the three month period ending in August last year. The sharp rise was contributed by a 1.8% rise in the mining production of the platinum group metals.

The South African statistic figures also show that the seasonally adjusted values of mineral sales at current prices for the quarter ending October 2010 also reflect an increase of 7.1% as compared to the quarter ending July 2010.

The value of the 7.1 % increase is placed at 5.3 billion rand of which 2.4 billion rand came from the sale of platinum group metals. Iron ore also contributed 816 million Rand and other non metallic minerals contributed 798 million Rand in the same time frame. Essentially gold, coal, and manganese ore also contributed to the value.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

APA
Scanlon, Joel. (2019, March 19). Improvement in South Africa's Mining Sector. AZoMining. Retrieved on November 22, 2024 from https://www.azomining.com/News.aspx?newsID=2611.
MLA
Scanlon, Joel. "Improvement in South Africa's Mining Sector". AZoMining. 22 November 2024. <https://www.azomining.com/News.aspx?newsID=2611>.
Chicago
Scanlon, Joel. "Improvement in South Africa's Mining Sector". AZoMining. https://www.azomining.com/News.aspx?newsID=2611. (accessed November 22, 2024).
Harvard
Scanlon, Joel. 2019. Improvement in South Africa's Mining Sector. AZoMining, viewed 22 November 2024, https://www.azomining.com/News.aspx?newsID=2611.