Production: results for February 2024

Mining production increased by 9,9% year-on-year in February 2024. The largest positive contributors were:

·        iron ore (42,9% and contributing 5,1 percentage points);

·        coal (14,6% and contributing 3,7 percentage points); and

·        chromium ore (20,6% and contributing 1,0 percentage point).

Seasonally adjusted mining production increased by 5,0% in February 2024 compared with January 2024. This followed month-on-month changes of -0,4% in January 2024 and -4,8% in December 2023.

Seasonally adjusted mining production decreased by 1,4% in the three months ended February 2024 compared with the previous three months. The largest negative contributors were:

·        manganese ore (-9,1% and contributing -0,7 of a percentage point);

·        gold (-4,2% and contributing -0,6 of a percentage point); and

·        PGMs (-1,3% and contributing -0,4 of a percentage point).

The largest positive contributors were iron ore (3,2% and contributing 0,4 of a percentage point) and diamonds (14,1% and contributing 0,3 of a percentage point).

Mineral sales: results for February 2024

Mineral sales at current prices decreased by 2,8% year-on-year in February 2024. The largest negative contributors were:

·        PGMs (-29,5% and contributing -8,2 percentage points);

·        manganese ore (-24,4% and contributing -1,7 percentage points); and

·        coal (-4,3% and contributing -1,2 percentage points).

The largest positive contributors were:

·        iron ore (22,6% and contributing 3,1 percentage points);

·        gold (25,0% and contributing 2,1 percentage points); and

·        chromium ore (23,4% and contributing 1,7 percentage points).

Seasonally adjusted mineral sales at current prices decreased by 7,0% in February 2024 compared with January 2024. This followed month-on-month changes of -2,4% in January 2024 and 3,7% in December 2023.