Mining production in South Africa fell 2.8% year-on-year in September of 2020, following an upwardly revised 3.8% decline in the prior month and compared with market expectations of a 1.5% drop. It was the seventh consecutive month of decreases in mining activity but at the softest pace in the current sequence, helped by the further relaxation of lockdown restrictions. Output fell less mostly for gold (-0.7% vs -14.1% in August); copper (-39.7% vs -62.3%); chromium ore (-13.2% vs -20.6%); coal (-1.1% vs -4.6%). In addition, production rebounded for nickel (21% vs -2.2%) and manganese ore (4.8% vs -8.6%). On a seasonally adjusted monthly basis, mining production went down 0.3%, reversing a 6.1% rise in the previous month. source: Statistics South Africa
Mining Production in South Africa averaged -0.32 percent from 1981 until 2020, reaching an all time high of 23.20 percent in October of 2013 and a record low of -50.30 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 November 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.