Mining production in South Africa plummeted 11.6% year-on-year in November of 2020, following a downwardly revised 5.9% slump in October and compared to market expectations of a 5% fall. It was the ninth consecutive month of decreases in mining activity and at the fastest pace since June, owing to tighter lockdown restrictions in some of South Africa’s major export markets, particularly Europe, which was experiencing the second wave of Covid-19 infections during November. Output fell mostly for iron ore (-35.3% vs -27.6% in October); copper (-46.2% vs -5.2%); PGMs (-16.1% vs -2%); manganese ore (-15.9% vs 7.8%); nickel (-11% vs 2.9%); coal (-5.9% vs -3.9%) and gold (-7% vs -4%). In contrast, production jumped for diamonds (56% vs 22.6%). On a seasonally adjusted monthly basis, mining production declined 5.7%, after an upwardly revised 0.7% decrease 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 January 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.