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

Production: results for March 2022

 

Mining production decreased by 9,3% year-on-year in March 2022. The largest negative contributors were:

·        gold (-25,6% and contributing -3,7 percentage points);

·        iron ore (-24,4% and contributing -2,5 percentage points);

·        manganese ore (-19,8% and contributing -1,9 percentage points); and

·        PGMs (-8,2% and contributing -1,9 percentage points).

 

Diamonds (44,3% and contributing 1,6 percentage points) was a significant positive contributor.

 

Seasonally adjusted mining production increased by 1,7% in March 2022 compared with February 2022. This followed month-on-month changes of -6,0% in February 2022 and 6,0% in January 2022.

 

Seasonally adjusted mining production decreased by 1,5% in the first quarter of 2022 compared with the fourth quarter of 2021. The largest negative contributors were:

·        PGMs (-11,7% and contributing -3,0 percentage points);

·        iron ore (-12,2% and contributing -1,2 percentage points); and

·        gold (-7,1% and contributing -1,0 percentage point).

 

Coal (6,5% and contributing 1,7 percentage points) was a significant positive contributor.

 

Mineral sales: results for March 2022

 

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

·        coal (77,1% and contributing 11,8 percentage points);

·        chromium ore (58,3% and contributing 1,4 percentage points); and

·        nickel (103,0% and contributing 1,0 percentage point).

 

The largest negative contributors were:

·        iron ore (-26,1% and contributing -3,9 percentage points);

·        PGMs (-5,7% and contributing -2,3 percentage points); and

·        gold (-11,3% and contributing -1,4 percentage points).

 

Seasonally adjusted mineral sales at current prices increased by 11,4% in March 2022 compared with February 2022. This followed month-on-month changes of 10,1% in February 2022 and -2,0% in January 2022.

 

In the first quarter of 2022 the seasonally adjusted value of mineral sales at current prices was 6,5% higher compared with the fourth quarter of 2021.