Mining production in South Africa rose 7 percent year-on-year in February of 2020, following a 7.5 percent surge in the previous month and beating market expectations of a 1.3 percent gain. Output continued to advance solidly for coal (13.7 percent vs 4.7 percent in January); gold (11.5 percent vs 4.9 percent); diamonds (25.5 percent vs 18.6 percent); other metallic minerals (13.8 percent vs 10.8 percent) and other non-metallic minerals (12.7 percent vs 8.9 percent). Meanwhile, production slowed for PGM's (8.7 percent vs 10.3 percent) and it decreased for copper (-29.5 percent vs -18.4 percent); nickel (-33.4 percent vs -2.5 percent); chromium ore (-10.4 percent vs 9 percent); iron ore (-7.6 percent vs 27.9 percent) and building materials (-16.3 percent vs -8.3 percent). On a seasonally adjusted monthly basis, mining production shrank 1 percent, after an upwardly revised 6.3 percent rise in the previous month.
Mining Production in South Africa averaged -0.04 percent from 1981 until 2020, 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. South Africa Mining Production - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Statistics South Africa
Mining Production in South Africa is expected to be -3.00 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 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.