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

Key findings regarding mining production 

Mining production decreased by 2,8% year-on-year in September 2020. The largest negative contributor was iron ore (-30,5% and contributing -3,5 percentage points) and the largest positive contributor was diamonds (46,5% and contributing 1,4 percentage points).

 

Seasonally adjusted mining production decreased by 0,3% in September 2020 compared with August 2020. This followed month-on-month changes of 6,1% in August 2020 and 20,4% in July 2020.

 

Seasonally adjusted mining production increased by 40,6% in the third quarter of 2020 compared with the second quarter of 2020. The largest contributors were:

·         PGMs (73,1% and contributing 13,6 percentage points);

·         iron ore (96,5% and contributing 6,1 percentage points);

·         gold (41,5% and contributing 5,0 percentage points);

·         manganese ore (39,0% and contributing 3,4 percentage points); and

·         diamonds (80,7% and contributing 2,9 percentage points).

 

Key findings regarding mineral sales

Mineral sales increased by 25,9% year-on-year in September 2020. The largest positive contributors were:

·         PGMs (80,8% and contributing 20,9 percentage points);

·         iron ore (87,5% and contributing 9,1 percentage points); and

·         coal (5,4% and contributing 1,2 percentage points).

 

Seasonally adjusted mineral sales at current prices increased by 3,9% in September 2020 compared with August 2020. This followed month-on-month changes of 13,1% in August 2020 and 26,3% in July 2020.

 

In the third quarter of 2020 the seasonally adjusted value of mineral sales at current prices was 47,3% higher compared with the previous quarter.