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

Key findings regarding mining production

 

Mining production increased by 7,0% year-on-year in February 2020. The largest positive contributors were:

·         coal (13,7% and contributing 3,8 percentage points);

·         PGMs (8,7% and contributing 1,8 percentage points); and

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

 

Seasonally adjusted mining production decreased by 1,0% in February 2020 compared with January 2020. This followed month-on-month changes of 6,3% in January 2020 and -6,1% in December 2019.

 

Seasonally adjusted mining production decreased by 2,7% in the three months ended February 2020 compared with the previous three months. The largest negative contributors were manganese ore (-30,9% and contributing -2,3 percentage points), ‘other’ non-metallic minerals (-12,2% and contributing -0,8 of a percentage point) and coal (-3,1% and contributing -0,8 of a percentage point). PGMs (10,9% and contributing 2,5 percentage points) was a significant positive contributor.

 

Key findings regarding mineral sales

 

Mineral sales increased by 18,0% year-on-year in February 2020. The largest positive contributors were:

·         PGMs (66,4% and contributing 12,4 percentage points);

·         gold (83,9% and contributing 7,5 percentage points); and

·         iron ore (24,3% and contributing 3,4 percentage points).

 

Seasonally adjusted mineral sales at current prices decreased by 10,4% in February 2020 compared with January 2020. This followed month-on-month changes of 24,9% in January 2020 and -9,9% in December 2019.

 

In the three months ended February 2020 the seasonally adjusted value of mineral sales at current prices was 5,1% higher compared with the previous three months.