Key findings: P2041 - Mining: Production and sales, January 2019

Key findings regarding mining production

Mining production decreased by 3,3% year-on-year in January 2019. The negative contributors were:

  • iron ore (-27,7% and contributing -4,3 percentage points);
  • gold (-22,5% and contributing -3,1 percentage points);
  • diamonds (-37,0% and contributing -1,9 percentage points);
  • coal (-6,4% and contributing -1,7 percentage points); and
  • chromium ore (-7,3% and contributing -0,3 of a percentage point).

The largest positive contributor was PGMs (28,1% and contributing 5,2 percentage points).

Seasonally adjusted mining production increased by 0,2% in January 2019 compared with December 2018. This followed month-on-month changes of -1,6% in December 2018 and -5,7% in November 2018.

Seasonally adjusted mining production decreased by 4,7% in the three months ended January 2019 compared with the previous three months. The largest negative contributors were:

  • diamonds (-32,6% and contributing -1,8 percentage points); and
  • gold (-12,6% and contributing -1,6 percentage points).

Key findings regarding mineral sales

Mineral sales increased by 20,9% year-on-year in January 2019. The three largest contributors were:

  • PGMs (45,4% and contributing 7,9 percentage points);
  • iron ore (41,1% and contributing 3,9 percentage points); and
  • coal (11,8% and contributing 3,8 percentage points).

Seasonally adjusted mineral sales at current prices decreased by 2,0% in January 2019 compared with December 2018. This followed month-on-month changes of 4,5% in December 2018 and 2,3% in November 2018.

In the three months ended January 2019 the seasonally adjusted value of mineral sales at current prices was 9,5% higher compared with the previous three months.