S. Africa's iron ore output down 17.2% in May

Friday, 11 July 2014 17:33:36 (GMT+3)   |   Istanbul
       

According to the preliminary data released by Statistics South Africa, in May this year the seasonally adjusted index of iron ore mining production in South Africa increased by 10.8 percent, while the country's manganese ore production index increased by 3.4 percent, both compared to April. On the other hand, in the given month South Africa's nickel production decreased by 14.9 percent month on month.

On year-on-year basis, in May this year South African iron ore production rose 17.2 percent, manganese ore production increased by 12.9 percent, while the country's nickel output expanded by 0.7 percent.

Furthermore, the country's seasonally adjusted iron ore sales at current prices in April this year decreased by 1.61 percent compared to the previous month, to ZAR 5.67 billion ($528.44 million), while the seasonally adjusted nickel sales value at current prices decreased by 12.51 percent in April compared to March, amounting to ZAR 604.80 million ($56.36 million). South Africa's seasonally adjusted manganese ore sales in April at current prices totaled ZAR 1.46 billion ($136.07 million), down 2.92 percent month on month.

The year-on-year percentage change at current prices in April this year was up 16.3 percent in iron ore sales, increased by 47.1 percent in nickel sales and was up 24.4 percent in manganese ore sales.


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