Key findings: P2041 - Mining: Production and sales, January 2020

Key findings regarding mining production


Mining production increased by 7,5% year-on-year in January 2020. The largest positive contributors were:

·         iron ore (27,9% and contributing 2,8 percentage points);

·         PGMs (10,2% and contributing 2,5 percentage points); and

·         coal (2,3% and contributing 0,6 of a percentage point).

 

Seasonally adjusted mining production increased by 6,0% in January 2020 compared with December 2019. This followed month-on-month changes of -5,2% in December 2019 and -1,9% in November 2019.


Seasonally adjusted mining production decreased by 1,1% in the three months ended January 2020 compared with the previous three months. The two largest negative contributors were coal (-6,4% and contributing -1,6 percentage points) and manganese ore (-13,3% and contributing -1,0 percentage point). PGMs (5,4% and contributing 1,2 percentage points) and iron ore (10,4% and contributing 1,1 percentage points) were significant positive contributors.

 

Key findings regarding mineral sales

 

Mineral sales increased by 24,2% year-on-year in January 2020. The largest positive contributors were:

·         PGMs (85,3% and contributing 18,1 percentage points);

·         iron ore (43,4% and contributing 4,8 percentage points);

·         gold (9,0% and contributing 1,5 percentage points); and

·         nickel (108,0% and contributing 1,3 percentage points).

 

Seasonally adjusted mineral sales at current prices increased by 22,9% in January 2020 compared with December 2019. This followed month-on-month changes of -10,1% in December 2019 and 6,1% in November 2019.

 

In the three months ended January 2020 the seasonally adjusted value of mineral sales at current prices was 7,2% higher compared with the previous three months.