Key findings: P2041 - Mining: Production and sales, January 2025

Production: results for January 2025

 

Mining production decreased by 2,7% year-on-year in January 2025. The largest negative contributors were:

·        iron ore (-15,1% and contributing -2,7 percentage points);

·        PGMs (-3,8% and contributing -1,1 percentage points); and

·        coal (-4,4% and contributing -1,0 percentage point).

 

Manganese ore (21,2% and contributing 1,2 percentage points) was the largest positive contributor.

 

Seasonally adjusted mining production decreased by 1,2% in January 2025 compared with December 2024. This followed month-on-month changes of -3,7% in December 2024 and 0,0% in November 2024.

 

Seasonally adjusted mining production decreased by 3,5% in the three months ended January 2025 compared with the previous three months. The largest negative contributors were:

·        PGMs (-4,2% and contributing -1,3 percentage points);

·        iron ore (-5,1% and contributing -0,7 of a percentage point); and

·       gold (-4,7% and contributing -0,6 of a percentage point).

 

Mineral sales: results for January 2025

 

Mineral sales at current prices decreased by 5,9% year-on-year in January 2025. The largest negative contributors were gold (-21,1% and contributing -5,8 percentage points) and chromium ore (-26,8% and contributing -1,7 percentage points).

 

The largest positive contributor was coal (14,2% and contributing 3,1 percentage points).

 

Seasonally adjusted mineral sales at current prices increased by 2,5% in January 2025 compared with December 2024. This followed month-on-month changes of -10,1% in December 2024 and 5,9% in November 2024.

 

Seasonally adjusted mineral sales at current prices increased by 6,8% in the three months ended January 2025 compared with the previous three months.