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Resilient iron-ore production lifts Dec mining output 12%

21st February 2014

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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Overall mining production in South Africa increased by 12% year-on-year in December, rallying from the 5.2% growth in output posted in November, despite endemic labour issues, which continue to stifle the sector. In a mining production report released last week, Statistics South Africa found that the stronger growth was largely the result of increased iron-ore production, which added 5.8 percentage points to the yearly increase.

This was followed by platinum-group metals (PGMs), which contributed 3.6 percentage points, and gold, which added 1.8 percentage points to overall growth figures.

The highest positive growth rates for the month were recorded for building materials (39.9%), iron-ore (32.3%), chromium ore (29.9%) and manganese ore (2.6%).

Total mining production in 2013 was 4% higher than that of the prior year, when a 3.2% decrease in output was posted, while, in 2011, mining production decreased by 0.9%.

Meanwhile, seasonally adjusted mining pro- duction increased by 4.3% in the fourth quarter of last year, compared with the previous quar-ter, owing largely to a 4.3% increase in iron-ore, which contributed 3.3 percentage points.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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