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

Production: results for November 2024

 

Mining production decreased by 0,9% year-on-year in November 2024. The largest negative contributors were:

·        gold (-11,5% and contributing -1,5 percentage points);

·        iron ore (-3,8% and contributing -0,5 of a percentage point);

·        coal (-1,6% and contributing -0,3 of a percentage point); and

·        diamonds (-11,4% and contributing -0,2 of a percentage point).

 

PGMs (4,0% and contributing 1,3 percentage points) and chromium ore (15,6% and contributing 0,7 of a percentage point) were the largest positive contributors.

 

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

 

Seasonally adjusted mining production increased by 4,0% in the three months ended November 2024 compared with the previous three months. The largest positive contributors were:

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

·        iron ore (9,4% and contributing 1,3 percentage points); and

·        coal (2,7% and contributing 0,6 of a percentage point).

 

Mineral sales: results for November 2024

 

Mineral sales at current prices increased by 8,1% year-on-year in November 2024. The largest positive contributors were:

·        gold (93,4% and contributing 11,4 percentage points);

·        coal (8,5% and contributing 2,1 percentage points); and

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

 

The largest negative contributor was iron ore (-28,2% and contributing -4,4 percentage points).