Mining production in South Africa rose 0.1% from a year earlier in December of 2020, following a downwardly revised 9.4% slump in the prior month and surprising markets that expected an 8% decline. It was the first increase in mining activity after nine consecutive months of decline. Main positive contributions came from the production of manganese ore (32.5% vs -12.7% in November); diamonds (51.4% vs 55.9%); coal (5.7% vs -5.4%); chromium ore (4.2% vs -6.3%) and other metallic minerals (9.8% vs -4.7%). At the same time, output fell less for gold (-0.9% vs -6.4%); iron ore (-2.1% vs -23.6%) and copper (-24.4% vs -46.4%). In 2020, mining production shrank 10.7%, the biggest annual decline since at least 1990. On a seasonally adjusted monthly basis, mining production went up 0.5%, after a downwardly revised 2.4% fall 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 -49.30 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 February of 2021.
Mining Production in South Africa is expected to be 6.00 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 5.00 in 12 months time. In the long-term, the South Africa Mining Production is projected to trend around 2.00 percent in 2022, according to our econometric models.