Mining production in South Africa rose 1.8 year-on-year in December 2019, rebounding from a downwardly revised 1 percent fall in November, beating market expectations of a 3.15 percent decline and despite the country's deepest power cuts yet. Gold production went up 24.9 percent, its biggest increase since January 2016, following a 4.5 percent rise in November. Also, output advanced further for other non-metallic minerals (24.1 percent vs 13.2 percent); chromium ore (26.6 percent vs 2.3 percent); and other metallic minerals (39 percent vs 33.1 percent). In addition, production dropped less for PGM’s (-3.9 percent vs -13.1 percent); building materials (-7.2 percent vs -15.2 percent); nickel (-6.9 percent vs -14.9 percent); and copper (-10.2 percent vs -13.3 percent). On a monthly basis, mining production went down 2.4 percent, after a downwardly revised 1.8 percent decline in November. Considering full 2019, mining output fell 1.3 percent, compared to a 2.1 percent decrease in 2018.
Mining Production in South Africa averaged -0.09 percent from 1981 until 2019, reaching an all time high of 23.20 percent in October of 2013 and a record low of -17.40 percent in March of 2016. This page provides - South Africa Mining Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics South Africa
Mining Production in South Africa is expected to be -1.40 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 1.40 percent in 2021, according to our econometric models.