Mining production in South Africa jumped 116.5 percent from a year earlier in April of 2021, following an upwardly revised 22.5 percent rise in the previous month and much higher than market expectations of a 105 percent rise. It is the biggest increase ever, amid low base effects from last year when mining fell at a record 50.7 percent due to the coronavirus pandemic. The largest contributions came from platinum group metals (276.1 percent); gold (177.9 percent); manganese ore (208.2 percent); and iron ore (149.1 percent). On a monthly basis, mining production edged up 0.3 percent, below a 4.7 percent jump in March. source: Statistics South Africa
Mining Production in South Africa averaged -0.04 percent from 1981 until 2021, reaching an all time high of 116.50 percent in April of 2021 and a record low of -50.70 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 June of 2021.
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 2.50 in 12 months time. In the long-term, the South Africa Mining Production is projected to trend around 2.00 percent in 2022 and 3.00 percent in 2023, according to our econometric models.