Key findings: P2041 - Mining: Production and sales, March 2016

Key findings regarding mining production for March 2016

Mining production decreased by 18,0% year-on-year in March 2016. The largest negative contributions were:

  • PGMs (-23,7% and contributing -4,5 percentage points);
  • coal (-15,8% and contributing -4,0 percentage points);
  • iron ore (-21,4% and contributing -3,7 percentage points);
  • manganese ore (-24,3% and contributing -1,6 percentage points); and
  • gold (-7,4% and contributing -1,2 percentage points).

Seasonally adjusted mining production decreased by 3,4% in March 2016 compared with February 2016. This followed month-on-month changes of 2,1% in February 2016 and -5,5% in January 2016.

Seasonally adjusted mining production decreased by 5,2% in the first quarter of 2016 compared with the previous quarter. PGMs (contributing -2,1 percentage points) and iron ore (contributing -1,8 percentage points) were the largest negative contributors to the -5,2% quarterly growth.

Key findings regarding mineral sales for February 2016

Mineral sales increased by 1,6% year-on-year in February 2016. The biggest positive contributor to the increase of 1,6% was gold (43,9% and contributing 6,2 percentage points). A significant negative contributor was iron ore (-31,5% and contributing -4,1 percentage points).

Seasonally adjusted mineral sales at current prices increased by 4,1% in February 2016 compared with January 2016. This followed month-on-month changes of -4,1% in January 2016 and 2,6% in December 2015.