Mining production declined

17 Feb 2015 12:50pm
WINDHOEK, 17 FEB (NAMPA) – Mining production in Namibia recorded the worst decline in the month of December 2014, the Namibia Statistics Agency (NSA) says.
A statement issued here on Monday says overall mining production for December stood at 71,8 points, which represents a decline of 13,5 points, or 15,9 per cent month-in-month (m/m).
Throughout the reporting period, the mining production index has remained volatile, with poor performances in November and December 2014.
These poor performances were attributed mainly to declines in the production of diamonds and uranium.
“The average composite mining production index from December 2013 to December 2014 stood at 89.5 points.
The production index for diamonds continued its downward trend since November 2014, recording 54.1 points in December 2014, representing a decline of 26.5 points or 32.9 per cent m/m, and a decline of 26.2 points or 32.7 per cent year-in-year (y/y),” the statement continued.
Meanwhile, the uranium production index dropped from 84.8 points recorded in November 2014 to 77.7 points recorded in December 2014.
The decline for December represents 8.3 per cent m/m, and an increase of 8.5 per cent y/y.
The copper production index increased from 59.1 points recorded in November 2014 to 76.1 points in December 2014.
This represents an increase of 17.0 points or 28.7 per cent m/m, and a decline of 4.8 points or 5.9 per cent y/y.
The zinc production index increased from 112.0 points in November 2014 to 128.7 in December 2014, which represents an increase of 16.6 points m/m and 2.9 points y/y, the statement indicated.
The gold production index recorded an increase m/m and y/y with 36.7 points and 20.9 points, respectively.
“This was the highest index recorded since 2013”, it stated.