Mining production in South Africa slumped by 8% year-on-year in June of 2022, after a downwardly revised 7.2% decline in the previous month and compared with market forecasts of a 5% fall. It marks the fifth consecutive month of a downturn in mining activity, amid the lingering effects of a three-month strike in the gold sector and also load-shedding. The largest negative contributors were gold (-28.6% vs -28.1% in May); PGMs (-9.8% vs 4.2%) and coal (-6% vs -6.9%). Meanwhile, output increased significantly for diamonds (32.4% vs -0.3%); copper (21.6% vs 17.6%) and other metallic minerals (24% vs 2.9%). On a seasonally adjusted monthly basis, mining production went down by 1.4%, following an upwardly revised 1.2% increase in the prior month. source: Statistics South Africa
Mining Production in South Africa averaged 0 percent from 1981 until 2022, reaching an all time high of 119.60 percent in April of 2021 and a record low of -50.60 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 August of 2022.
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. In the long-term, the South Africa Mining Production is projected to trend around 2.30 percent in 2023 and 3.00 percent in 2024, according to our econometric models.