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

Production: results for August 2024

 

Mining production increased by 0,3% year-on-year in August 2024. The largest positive contributors were:

·        manganese ore (16,0% and contributing 1,2 percentage points);

·        PGMs (4,7% and contributing 1,2 percentage points); and

·        chromium ore (24,8% and contributing 1,1 percentage points).

 

Iron ore (-15,2% and contributing -2,1 percentage points) and gold (-4,6% and contributing -0,7 of a percentage point) were the largest negative contributors.

 

Seasonally adjusted mining production increased by 2,9% in August 2024 compared with July 2024. This followed month-on-month changes of -0,8% in July 2024 and -1,8% in June 2024.

 

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

·        iron ore (-5,9% and contributing -0,7 of a percentage point);

·        gold (-4,3% and contributing -0,6 of a percentage point); and

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

 

Manganese ore (10,5% and contributing 0,8 of a percentage point) was the largest positive contributor.

 

Mineral sales: results for August 2024

 

Mineral sales at current prices decreased by 9,9% year-on-year in August 2024. The largest negative contributors were:

·        gold (-80,5% and contributing -13,9 percentage points);

·        ‘other’ non-metallic minerals (-38,3% and contributing -2,3 percentage points); and

·        PGMs (-5,4% and contributing -1,1 percentage points).

 

The largest positive contributors were:

·        manganese ore (65,1% and contributing 3,6 percentage points);

·        chromium ore (28,2% and contributing 2,1 percentage points); and

·        coal (5,9% and contributing 1,5 percentage points).

 

Seasonally adjusted mineral sales at current prices decreased by 20,7% in August 2024 compared with July 2024. This followed month-on-month changes of -1,8% in July 2024 and 21,4% in June 2024.

 

Seasonally adjusted mineral sales at current prices increased by 10,6% in the three months ended August 2024 compared with the previous three months.