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

Production: results for November 2022

 

Mining production decreased by 9,0% year-on-year in November 2022. The largest negative contributors were:

·        PGMs (-22,0% and contributing -5,9 percentage points);

·        iron ore (-19,4% and contributing -2,1 percentage points); and

·        diamonds (-21,5% and contributing -1,0 percentage point).

 

Seasonally adjusted mining production decreased by 0,4% in November 2022 compared with October 2022. This followed month-on-month changes of -3,0% in October 2022 and -0,3% in September 2022.

 

Seasonally adjusted mining production decreased by 1,9% in the three months ended November 2022 compared with the previous three months. Iron ore (-9,3% and contributing -1,1 percentage points) and PGMs (-3,8% and contributing -0,9 of a percentage point) were the largest negative contributors, while gold (9,1% and contributing 1,3 percentage points) was the largest positive contributor.

 

Mineral sales: results for November 2022


Mineral sales at current prices decreased by 15,2% year-on-year in November 2022. The largest negative contributors were:

·        PGMs (-23,7% and contributing -8,9 percentage points);

·        gold (-54,9% and contributing -8,4 percentage points); and

·        iron ore (-40,2% and contributing -3,8 percentage points).

 

Seasonally adjusted mineral sales at current prices decreased by 10,4% in November 2022 compared with October 2022. This followed month-on-month changes of -6,5% in October 2022 and -3,2% in September 2022.

 

Mineral sales at current prices decreased by 9,8% in the three months ended November 2022 compared with the previous three months.