Commodity Trends
YoY direction
Copper
+12.4%
Northern Cape projects expanding
Platinum
-3.1%
Bushveld output softening
Coal
+4.8%
Mpumalanga export demand stable
Gold
+1.2%
Marginal depth-related cost pressure
Iron Ore
+6.7%
Sishen / Kolomela steady throughput
Manganese
+9.5%
Hotazel basin growing
Chrome
+2.3%
Eastern limb activity steady
Diamond
-1.4%
Demand soft globally
Regional Mining Growth
Provinces by growth direction
Northern Cape
+14.2%
Copper, Iron Ore expansion
Mpumalanga
+5.6%
Aftermarket demand rising
Limpopo
+8.9%
Under-serviced ecosystem identified
North West
+3.4%
Platinum stable
Gauteng
+2.1%
Mature gold operations
Free State
+1.8%
Mature gold operations
KwaZulu-Natal
+6%
Logistics + heavy minerals
Infrastructure Activity
National infrastructure relevance
- Transnet rail upgrades — iron ore corridorHigh
- N1 Polokwane logistics expansionMedium
- Richards Bay coal terminal capacityHigh
- Renewable IPP rollout — Northern CapeMedium
