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

Production: results for May 2023

 

Mining production decreased by 0,8% year-on-year in May 2023. The largest negative contributors were:

·        PGMs (-7,2% and contributing -1,9 percentage points); and

·        diamonds (-31,4% and contributing -1,2 percentage points).

 

The largest positive contributors were:

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

·        manganese ore (9,4% and contributing 0,7 of a percentage point).

 

Seasonally adjusted mining production decreased by 3,8% in May 2023 compared with April 2023. This followed month-on-month changes of 1,5% in April 2023 and 7,1% in March 2023.

 

Seasonally adjusted mining production increased by 3,1% in the three months ended May 2023 compared with the previous three months. The largest positive contributors were:

·        gold (10,1% and contributing 1,6 percentage points);

·        iron ore (6,0% and contributing 0,7 of a percentage point); and

·        coal (1,9% and contributing 0,5 of a percentage point).

 

 

Mineral sales: results for May 2023

 

Mineral sales at current prices decreased by 11,8% year-on-year in May 2023. The largest negative contributors were:

·        coal (-37,0% and contributing -10,2 percentage points);

·        PGMs (-20,1% and contributing -6,2 percentage points); and

·        iron ore (-30,2% and contributing -3,9 percentage points).

 

Gold (71,8% and contributing 7,3 percentage points) was a significant positive contributor.

 

Seasonally adjusted mineral sales at current prices increased by 22,7% in May 2023 compared with April 2023. This followed month-on-month changes of -12,6% in April 2023 and -2,2% in March 2023.

 

In the three months ended May 2023 the seasonally adjusted value of mineral sales at current prices was 5,1% lower compared with the previous three months.