HO W MINING C ONTRIBUTES T O SOUTH AFRICA C ONTINUED Or ganisa tional o v ervie w and s tr a t egy 1 0 1 2 3 4 5 6 Mining production as at January 2020 January on December January 2020 on 2019 12 months to January 2020 Q4 on Q3 2019 Q4 2019 on Q4 201 8 January on 12 months Percentage change 60 58 04 075 024 21 Mining pr oduction Full y ear pr oduction f or the mining sect or in 20 19 c ontr act ed b y 28 similar t o the decline r ec or ded in 20 18 Although mining pr oduction sa w some shortt erm impr o v ement in the la tt er part of the y ear the impr o v ements w er e not s tr ong or sus tained enough t o r e vise this outlook e v en bef or e the adv ent of C O VID 19 T he inde x ed pr oduction tr end sho w s tha t sinc e 2009 mining pr oduction has been unable t o rise c onsis t ently abo v e le v els achie v ed in 2000 Explana tions f or this ar e L ogis tical c ons tr aints such as r ail capacity Utility disruptions particularly in the pas t y ear due t o electricity shortages and loadshedding Indus trial action and c ommunity unr es t in some mining ar eas A notable f ea tur e of 20 19 w as the los s of appr o xima t ely 26 t onnes of gold v alued a t appr o xima t ely R16 billion as a dir ect r esult of the AMCU f ourmonth s trik e in the gold indus try which ended in April 20 19 Mining r e v enues C ommodity pric es measur ed in South A frican r ands ha v e been especially v ola tile r ec ently Gold and PGMs w er e the bes t perf ormers of 20 19 T he gold pric e sur ged on global unc ertainties while the PGM bask et w as boos t ed b y the pric es of rhodium and palladium which sur ged t o their highes t e v er le v els Fr om Oct ober 20 18 t o Sept ember 20 19 c oal pric es dr opped b y 40 but b y Dec ember 20 19 had r ec o v er ed t o 2 7 belo w the peak Ir on or e pric es jumped b y 113 o v er a y ear t o July 20 19 but declined again b y 26 b y the end of 20 19 Mining production index 20002019 Monthly mining production index 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 80 100 120 Rand commodity price indices 20072019 Rand index 2007100 Rand index gold 2007100 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 30 80 130 180 230 280 330 380 90 14 0 19 0 24 0 290 34 0 39 0 44 0 49 0 Iron ore Platinum Coal Gold 20 19 per c entage mo v ement in PGM pric es Pla tinum P alladium Rhodium Iridium Ruthenium ZARUS US pric es 18 49 5 7 6 1 153 7 2 891 Rand pric es 69 628 919 256 16 7 Sour c e S ta tis tics South A frica Miner als C ouncil South A frica Sour c e S ta tis tics South A frica Miner als C ouncil South A frica Sour c e W orld B ank South A frican Reserv e B ank S ta tis tics South A frica Miner als C ouncil South A frica Sour c e Miner als C ouncil South A frica P age 10