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

Production: results for June 2023

 

Mining production increased by 1,1% year-on-year in June 2023. The largest positive contributors were:

·        gold (28,5% and contributing 3,6 percentage points); and

·        PGMs (11,1% and contributing 2,5 percentage points).

 

The largest negative contributors were:

·        iron ore (-18,0% and contributing -2,4 percentage points); and

·        diamonds (-41,0% and contributing -1,8 percentage points).

 

Seasonally adjusted mining production increased by 1,3% in June 2023 compared with May 2023. This followed month-on-month changes of -3,8% in May 2023 and 1,6% in April 2023.

 

Seasonally adjusted mining production increased by 1,5% in the second quarter of 2023 compared with the first quarter of 2023. The largest positive contributors were:

·        PGMs (5,8% and contributing 1,3 percentage points);

·        gold (5,2% and contributing 0,8 of a percentage point);

·        ‘other’ metallic minerals (19,9% and contributing 0,4 of a percentage point); and

·        coal (1,5% and contributing 0,4 of a percentage point).

 

 

Mineral sales: results for June 2023

 

Mineral sales at current prices decreased by 14,3% year-on-year in June 2023. The largest negative contributors were:

·        PGMs (-30,9% and contributing -9,4 percentage points);

·        coal (-26,2% and contributing -7,4 percentage points);

·        ‘other’ non-metallic minerals (-47,8% and contributing -2,7 percentage points); and

·        iron ore (-15,5% and contributing -1,8 percentage points).

 

Gold (84,8% and contributing 5,9 percentage points) and chromium ore (57,0% and contributing 2,4 percentage points) were significant positive contributors.

 

Seasonally adjusted mineral sales at current prices decreased by 12,8% in June 2023 compared with May 2023. This followed month-on-month changes of 25,4% in May 2023 and -12,0% in April 2023.

 

In the second quarter of 2023 the seasonally adjusted value of mineral sales at current prices was 3,8% lower compared with the first quarter of 2023.