Key findings: P2041 - Mining: Production and sales, April 2023

Production: results for April 2023

 

Mining production increased by 2,3% in April 2023 following 14 consecutive months of year-on-year decline. The most significant positive contributors were:

·        gold (27,4% and contributing 3,5 percentage points); and

·        coal (12,5% and contributing 3,1 percentage points).

 

The largest negative contributors were:

·        diamonds (-41,1% and contributing -2,0 percentage points);

·        PGMs (-4,6% and contributing -1,1 percentage points); and

·        manganese ore (-12,1% and contributing -1,0 percentage point).

 

Seasonally adjusted mining production increased by 1,8% in April 2023 compared with March 2023. This followed month-on-month changes of 6,9% in March 2023 and -7,0% in February 2023.

 

Seasonally adjusted mining production increased by 0,4% in the three months ended April 2023 compared with the previous three months. The largest positive contributors were:

·        gold (5,6% and contributing 0,9 of a percentage point); and

·        PGMs (3,5% and contributing 0,8 of a percentage point).

 

 

Mineral sales: results for April 2023

 

Mineral sales at current prices decreased by 25,6% year-on-year in April 2023. The largest negative contributors were:

·        PGMs (-41,7% and contributing -15,2 percentage points);

·        coal (-22,9% and contributing -6,2 percentage points); and

·        gold (-45,7% and contributing -3,5 percentage points).

 

Chromium ore (61,5% and contributing 2,2 percentage points) was a significant positive contributor.

 

Seasonally adjusted mineral sales at current prices decreased by 10,1% in April 2023 compared with March 2023. This followed month-on-month changes of -2,9% in March 2023 and -1,7% in February 2023.

 

In the three months ended April 2023 the seasonally adjusted value of mineral sales at current prices was 5,0% lower compared with the previous three months.