Production: results for January 2024

Mining production decreased by 3,3% year-on-year in January 2024. The largest negative contributors were:

·        manganese ore (-27,1% and contributing -2,3 percentage points);

·        gold (-12,7% and contributing -1,8 percentage points); and

·        diamonds (-41,2% and contributing -1,7 percentage points).

Iron ore (9,8% and contributing 1,3 percentage points) was a significant positive contributor.

Seasonally adjusted mining production decreased by 0,8% in January 2024 compared with December 2023. This followed month-on-month changes of -4,6% in December 2023 and 2,2% in November 2023.

Seasonally adjusted mining production increased by 0,1% in the three months ended January 2024 compared with the previous three months. The largest positive contributor was coal (3,9% and contributing 1,0 percentage point).

Manganese ore (-6,8% and contributing -0,5 of a percentage point) and gold (-3,5% and contributing -0,5 of a percentage point) were significant negative contributors.

Mineral sales: results for January 2024

Mineral sales at current prices increased by 5,7% year-on-year in January 2024. The largest positive contributors were:

·        gold (113,3% and contributing 15,4 percentage points); and

·        iron ore (11,9% and contributing 1,6 percentage points).

PGMs (-25,3% and contributing -6,4 percentage points) and coal (-13,6% and contributing -3,6 percentage points) were significant negative contributors.

Seasonally adjusted mineral sales at current prices decreased by 2,0% in January 2024 compared with December 2023. This followed month-on-month changes of 4,1% in December 2023 and 2,9% in November 2023.