Key findings: P2041 - Mining: Production and sales, May 2024

Production: results for May 2024

 

Mining production was flat in May 2024 compared with May 2023. The main positive contributors were coal (7,0% and contributing 1,6 percentage points) and chromium ore (17,1% and contributing 0,7 of a percentage point), while gold (-9,0% and contributing -1,3 percentage points) and PGMs (-4,1% and contributing -1,1 percentage points) were the main negative contributors.

 

Seasonally adjusted mining production decreased by 0,6% in May 2024 compared with April 2024. This followed month-on-month changes of 0,8% in April 2024 and -4,1% in March 2024.

 

Seasonally adjusted mining production decreased by 0,8% in the three months ended May 2024 compared with the previous three months. The largest negative contributors were coal (-3,2% and contributing -0,8 of a percentage point) and iron ore (-5,5% and contributing -0,7 of a percentage point).

 

Mineral sales: results for May 2024

 

Mineral sales at current prices decreased by 19,1% year-on-year in May 2024. The largest negative contributors were:

·        gold (-69,2% and contributing -13,7 percentage points);

·        PGMs (-22,9% and contributing -6,4 percentage points); and

·        manganese ore (-14,2% and contributing -0,9 of a percentage point).

 

Coal (10,6% and contributing 2,1 percentage points) and chromium ore (25,4% and contributing 1,4 percentage points) were the largest positive contributors.

 

Seasonally adjusted mineral sales at current prices decreased by 8,0% in May 2024 compared with April 2024. This followed month-on-month changes of 13,4% in April 2024 and -13,6% in March 2024.

 

Seasonally adjusted mineral sales at current prices decreased by 13,9% in the three months ended May 2024 compared with the previous three months.