Production: results for January 2026

Mining production increased by 4,6% year-on-year in January 2026. The largest positive contributors were:

·         PGMs (10,8% and contributing 2,7 percentage points);

·         chromium ore (37,3% and contributing 1,8 percentage points); and

·         manganese ore (12,5% and contributing 1,0 percentage point).

Iron ore (-1,9% and contributing -0,3 of a percentage point) was the largest negative contributor.

Seasonally adjusted mining production increased by 2,9% in January 2026 compared with December 2025. This followed month-on-month changes of -1,6% in December 2025 and -5,2% in November 2025.

Seasonally adjusted mining production decreased by 3,1% in the three months ended January 2026 compared with the previous three months. The largest negative contributors were:

·         PGMs (-4,8% and contributing -1,3 percentage points);

·         iron ore (-7,9% and contributing -1,2 percentage points); and

·         coal (-3,3% and contributing -0,8 of a percentage point).

Manganese ore (14,4% and contributing 1,0 percentage point) was the largest positive contributor.

Mineral sales: results for January 2026

Mineral sales at current prices increased by 31,7% year-on-year in January 2026. The largest positive contributors were:

·         PGMs (122,4% and contributing 23,1 percentage points);

·         gold (35,9% and contributing 8,4 percentage points); and

·         chromium ore (66,7% and contributing 3,4 percentage points).

Coal (-10,3% and contributing -2,8 percentage points) and iron ore (-11,9% and contributing -1,5 percentage points) were the largest negative contributors.

Seasonally adjusted mineral sales at current prices decreased by 9,1% in January 2026 compared with December 2025. This followed month-on-month changes of 23,0% in December 2025 and -1,6% in November 2025.