South Africa gold output falls drastically

January 15, 2009

Commodity Online
JOHANNESBURG : One of world’s leading gold producers, South Africa on Thursday said its gold output fell 8.7 percent in volume terms and total mineral production dropped 6.1 percent in November last year compared with the same month in the previous year.

According to Statistics South Africa, production of non-gold minerals fell 5.7 percent.

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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