Key findings: P2041 - Mining: Production and sales, January 2022

Production: results for January 2022

 

Mining production increased by 0,1% year-on-year in January 2022. The largest positive contributors were:

·        manganese ore (19,6% and contributing 1,9 percentage points);

·        gold (7,0% and contributing 0,8 of a percentage point); and

·        diamonds (16,3% and contributing 0,8 of a percentage point).

 

Iron ore (-13,4% and contributing -1,5 percentage points) was a significant negative contributor.


Seasonally adjusted mining production increased by 5,4% in January 2022 compared with December 2021. This followed month-on-month changes of -5,5% in December 2021 and -3,3% in November 2021.


Seasonally adjusted mining production decreased by 4,9% in the three months ended January 2022 compared with the previous three months. The largest contributors were:

·        iron ore (-10,4% and contributing -1,1 percentage points);

·        manganese ore (-11,1% and contributing -1,1 percentage points);

·        gold (-5,9% and contributing -0,8 of a percentage point); and

·        coal (-3,1% and contributing -0,8 of a percentage point).

 

Mineral sales: results for January 2022

 

After recording eighteen months of positive year-on-year growth, South African mineral sales at current prices pulled back in January 2022, decreasing by 8,2%. The largest negative contributors were:

·        gold (-48,4% and contributing -10,0 percentage points);

·        PGMs (-15,1% and contributing -5,3 percentage points); and

·        iron ore (-27,0% and contributing -4,5 percentage points).


Coal (52,3% and contributing 7,3 percentage points) and manganese ore (67,3% and contributing 2,3 percentage points) were significant positive contributors.


Seasonally adjusted mineral sales at current prices increased by 2,1% in January 2022 compared with December 2021. This followed month-on-month changes of -10,7% in December 2021 and 7,4% in November 2021.


In the three months ended January 2022 the seasonally adjusted value of mineral sales at current prices was 0,4% lower compared with the previous three months.