Mining production in South Africa sank 47.3 percent year-on-year in April of 2020, following an 18 percent tumble in the previous month. It was the biggest decline in mining activity since available records began in January of 1981, mainly attributed to the Covid-19 pandemic and lockdown regulations since March 27th which forced mines to suspend operations. Output fell sharply for PGMs (-62 percent vs -35.1 percent in March); iron ore (-68.7 percent vs -48.6 percent); gold (-59.6 percent vs 9.5 percent); manganese ore (-57.6 percent vs -9.9 percent); copper (-93.7 percent vs -61 percent); nickel (-85 percent vs -48 percent); chromium ore (-60.1 percent vs -27.7 percent); other metallic minerals (-60.8 percent vs -29.2 percent) and diamonds (-65.2 percent vs 27.6 percent). On a seasonally adjusted monthly basis, mining production slumped 34.1 percent, the most on record, after falling 17.9 percent in the previous month.
Mining Production in South Africa averaged -0.18 percent from 1981 until 2020, reaching an all time high of 23.20 percent in October of 2013 and a record low of -47.30 percent in April of 2020. This page provides - South Africa Mining Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Mining Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistics South Africa
Mining Production in South Africa is expected to be -15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mining Production in South Africa to stand at 1.10 in 12 months time. In the long-term, the South Africa Mining Production is projected to trend around 1.20 percent in 2021 and 1.40 percent in 2022, according to our econometric models.