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

Production: results for February 2022

 

Mining production decreased by 6,0% year-on-year in February 2022. The largest negative contributors were:

·        iron ore (-29,2% and contributing -3,4 percentage points);

·        PGMs (-16,5% and contributing -3,3 percentage points); and

·        gold (-9,3% and contributing -1,3 percentage points).

 

Coal (5,6% and contributing 1,5 percentage points) was a significant positive contributor.

 

Seasonally adjusted mining production decreased by 6,4% in February 2022 compared with January 2022. This followed month-on-month changes of 6,2% in January 2022 and -4,4% in December 2021.

 

Seasonally adjusted mining production decreased by 3,8% in the three months ended February 2022 compared with the previous three months. The largest negative contributors were:

·        PGMs (-8,9% and contributing -2,2 percentage points);

·        gold (-9,0% and contributing -1,2 percentage points); and

·        iron ore (-11,1% and contributing -1,1 percentage points).

 

Mineral sales: results for February 2022

 

Mineral sales at current prices increased by 6,4% year-on-year in February 2022. The largest positive contributors were:

·        coal (58,6% and contributing 10,6 percentage points);

·        ‘other’ non-metallic minerals (81,1% and contributing 2,3 percentage points); and

·        PGMs (5,1% and contributing 1,8 percentage points).

 

Gold (-45,0% and contributing -5,0 percentage points) and iron ore (-15,9% and contributing -2,8 percentage points) were significant negative contributors.

 

Seasonally adjusted mineral sales at current prices increased by 7,1% in February 2022 compared with January 2022. This followed month-on-month changes of -1,2% in January 2022 and -6,2% in December 2021.

 

In the three months ended February 2022 the seasonally adjusted value of mineral sales at current prices was 0,7% higher compared with the previous three months.