GOLD 1564.28 $/ozChange: -1.37
PLATINUM 1432.50 $/ozChange: 9.00
R/$ exchange 8.32Change: 0.08
R/€ exchange 10.48Change: 0.07
 
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
powered by
Advanced Search
 
 
 
Home
 
Breaking News
 
 
GOLD
SA gold output continues downward slide - chamber
 
28th November 2008
TEXT SIZE
Text Smaller Disabled Text Bigger
 

TORONTO (miningweekly.com) – South African mines produced 55 725 kg (1,97-million ounces) of gold in the third quarter of this year, 2,1% less than in the preceding three months, according to figures published by the country's Chamber of Mines.

Quarterly gold production decreased 16,2% when compared with the same period of 2007.

Output was constrained by the continuing electricity supply shortage, which forced miners to curtail operations, as well as the “significant impact” of safety-related closures, the industry body said.

For gold mines members of the Chamber, production decreased by 2,9%, to 45 943,4 kg (1,62-million ounces), when compared with the second quarter, and by 19,9% year on year.

After more than a century as the world's biggest producer of the yellow metal, South Africa was ousted from the top spot last year by China.

Edited by: Liezel Hill

To subscribe to Mining Weekly's print magazine email subscriptions@creamermedia.co.za or buy now.

Subscribe Now Login
 
 
Topics in this article