Mining production in South Africa fell 5.2 percent year-on-year in July of 2018, following an upwardly revised 3.7 percent in June and well below market expectations of a 2.9 percent gain. It was the biggest decline in mining output since March, as production dropped for the platinum group metals (PGM) (-6.2 percent from 29.3 percent in June) and iron ore (-17.4 percent from 3.9 percent).
Also, output decreased faster for coal (-5.8 percent from -0.5 percent); other metallic minerals (-24.3 percent from -9 percent); nickel (-22.7 percent from -5 percent) and copper (-42 percent from -4.4 percent). Meanwhile, production of diamonds slowed (40.7 percent from 20.7 percent) and rebounded for manganese ore (15.6 percent from -10.5 percent).
Additionally, output declined less for gold (-15 percent from -17.3 percent) and building materials (-9.3 percent from -11.2 percent). On a monthly basis, mining output went down 8.6 percent, after rising 5.4 percent in the prior month. Mining Production in South Africa averaged -0.07 percent from 1981 until 2018, reaching an all time high of 23.20 percent in October of 2013 and a record low of -17.80 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 – actual data, historical chart and calendar of releases – was last updated on September of 2018.
