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

Production: results for August 2022

 

Mining production decreased by 5,9% year-on-year in August 2022. The largest negative contributors were:

·        PGMs (-12,9% and contributing -3,1 percentage points);

·        gold (-17,4% and contributing -3,0 percentage points); and

·        iron ore (-15,2% and contributing -2,0 percentage points).

 

Manganese ore was a significant positive contributor (25,4% and contributing 1,5 percentage points).

 

Seasonally adjusted mining production was flat in August 2022 compared with July 2022. This followed month-on-month changes of 3,1% in July 2022 and -1,0% in June 2022.

 

Seasonally adjusted mining production increased by 0,6% in the three months ended August 2022 compared with the previous three months. Manganese ore (12,5% and contributing 0,9 of a percentage point) and coal (2,4% and contributing 0,6 of a percentage point) were the largest positive contributors. PGMs (-5,7% and contributing -1,4 percentage points) was a significant negative contributor.

 

 

Mineral sales: results for August 2022

 

Mineral sales at current prices increased by 4,3% year-on-year in August 2022. The largest positive contributors were:

·        coal (83,1% and contributing 15,0 percentage points);

·        ‘other’ non-metallic minerals (70,0% and contributing 2,3 percentage points);

·        manganese ore (42,4% and contributing 1,8 percentage points); and

·        ‘other’ metallic minerals (86,4% and contributing 1,4 percentage points).

 

PGMs (-25,0% and contributing -9,7 percentage points), iron ore (-36,5% and contributing -4,7 percentage points) and gold (-20,5% and contributing -3,3 percentage points) were significant negative contributors.

 

Seasonally adjusted mineral sales at current prices decreased by 1,3% in August 2022 compared with July 2022. This followed month-on-month changes of 6,6% in July 2022 and -15,8% in June 2022.