South Africa Mining Production | 1981-2018 | Data | Chart

South Africa Mining Production | 1981-2018 | Data | Chart

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.

Source link

About Trading Economics

Trading Economics provides its users with accurate information for 196 countries including historical data for more than 20 million economic indicators, exchange rates, stock market indexes, government bond yields and commodity prices.

View all posts by Trading Economics →