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

Key findings regarding mining production

Mining production decreased by 2,9% year-on-year in October 2019. The largest negative contributors were:

·         diamonds (-39,3% and contributing -2,3 percentage points);

·         PGMs (-4,8% and contributing -1,2 percentage points); and

·         manganese ore (-12,5% and contributing -0,8 of a percentage point).

 

The largest positive contributors were:

·         iron ore (11,1% and contributing 1,0 percentage point);

·         ‘other’ non-metallic minerals (14,2% and contributing 0,8 of a percentage point); and

·         ‘other’ metallic minerals (34,9% and contributing 0,7 of a percentage point).

 

Seasonally adjusted mining production increased by 1,0% in October 2019 compared with September 2019. This followed month-on-month changes of 1,1% in September 2019 and -0,5% in August 2019.

 

Seasonally adjusted mining production decreased by 1,9% in the three months ended October 2019 compared with the previous three months. The two largest negative contributors were PGMs (-6,6% and contributing -1,6 percentage points) and coal (-3,5% and contributing -0,9 of a percentage point). Gold (8,7% and contributing 1,0 percentage point) was a significant positive contributor.

 

Key findings regarding mineral sales

Mineral sales increased by 8,4% year-on-year in October 2019. The largest positive contributors were:

·         PGMs (27,6% and contributing 6,5 percentage points);

·         manganese ore (40,2% and contributing 2,7 percentage points); and

·         gold (8,1% and contributing 1,2 percentage points).

 

Seasonally adjusted mineral sales at current prices decreased by 0,4% in October 2019 compared with September 2019. This followed month-on-month changes of 1,5% in September 2019 and -1,4% in August 2019.

 

In the three months ended October 2019 the seasonally adjusted value of mineral sales at current prices was 1,0% higher compared with the previous three months.