Mining production in South Africa fell 3.3% year-on-year in August of 2020, following a downwardly revised 6.5% slump in the previous month. It was the sixth consecutive month of declines in mining activity but at the softest pace in the current sequence, helped by the further easing in lockdown restrictions. Output shrank less for coal (-4% vs -8.4% in July); other non-metallic minerals (-6.1% vs -7.4%); chromium ore (-20.4% vs -35%) and iron ore (-18.1% vs -18.3%). In addition, production advanced faster for PGMs (12.7% vs 4.6%) and diamonds (35% vs 14.1%). On a seasonally adjusted monthly basis, mining production rose 6.8%, decelerating sharply from an upwardly revised 20.3% jump in the previous month. source: Statistics South Africa
Mining Production in South Africa averaged -0.31 percent from 1981 until 2020, reaching an all time high of 23.20 percent in October of 2013 and a record low of -50.20 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 October of 2020.
Mining Production in South Africa is expected to be -10.00 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 3.80 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.