South Africa Dec gold output dips by 10.7 percent

February 12, 2009

Commodity Online
JOHANNESBURG : Number two gold producer of the world, South Africa’s gold output fell 17.6 percent in volume terms and total mineral production dropped 10.7 percent in December last year compared with the same month in the previous year.

According to country’s official data provider, Statistics South Africa, output of non-gold minerals also fell 9.8 percent.

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South African gold output has fallen since state-owned power utility Eskom suffered a near collapse in the electricity grid last January.

Eskom has since limited supply to around 90 to 95 percent power to mines in the country, the world's biggest source of platinum and the second-ranked gold producer.

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