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

Production: results for October 2022

 

Mining production decreased by 10,4% year-on-year in October 2022. The largest negative contributors were:

·        PGMs (-32,5% and contributing -9,2 percentage points);

·        gold (-6,3% and contributing -1,0 percentage point);

·        diamonds (-22,5% and contributing -0,9 of a percentage point); and

·        manganese ore (-10,5% and contributing -0,7 of a percentage point).

 

Seasonally adjusted mining production decreased by 2,5% in October 2022 compared with September 2022. This followed month-on-month changes of -0,1% in September 2022 and -0,4% in August 2022.

 

Seasonally adjusted mining production was flat in the three months ended October 2022 compared with the previous three months. PGMs (-6,9% and contributing -1,7 percentage points) was the largest negative contributor, while gold (10,5% and contributing 1,4 percentage points) was the largest positive contributor.

 

 

Mineral sales: results for October 2022

 

Mineral sales at current prices increased by 0,5% year-on-year in October 2022. The largest positive contributors were:

·        coal (16,2% and contributing 4,2 percentage points);

·        gold (24,7% and contributing 2,8 percentage points); and

·        chromium ore (66,9% and contributing 1,6 percentage points).

 

Iron ore (-36,6% and contributing -4,0 percentage points), PGMs (-5,3% and contributing -1,9 percentage points) and ‘other’ non-metallic minerals (-37,3% and contributing -1,5 percentage points) were significant negative contributors.

 

Seasonally adjusted mineral sales at current prices decreased by 7,7% in October 2022 compared with September 2022. This followed month-on-month changes of -2,8% in September 2022 and -1,5% in August 2022.