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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (38411)	6/11/2009 1:42:21 PM
From: LoneClone	Read Replies (1) \| Respond to of 194794

Platinum leads slump in mineral sales June 11, 2009 busrep.co.za Johannesburg - The actual estimated total value for mineral sales at current prices for March 2009 reflected a 16.2 percent decrease year-on-year, figures released on Thursday by Statistics South Africa showed. The total seasonally adjusted value of mineral sales at current prices for the first quarter of 2009 reflected a decrease of 12.8 percent compared with the previous quarter. The decrease of R9 001.6 million was a result of a decrease of 13.7 percent (R7 837.9 million) in the sale of non-gold minerals and a decrease of 8.9 percent (R1 163.7 million) in the sale of gold. The actual estimated total value of mineral sales at current prices for the first quarter of 2009 decreased by 10.9 percent compared with the first quarter of 2008. The major contributors to this decrease of 10.9 percent, year-on-year, were PGMs (-14.6 percentage points or R9 488.1 million), other non-metallic minerals (-1.8 percentage points or R1 141.5 million) and nickel (-1.2 percentage points or R802 million). The three minerals that made substantial positive contributions to the change were iron ore (5.2 percentage points or R3 382.4 million), coal (2.5 percentage points or R1 588.3 million) and gold (2.4 percentage points or R1 584.3 million).