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Gold production continues fall

Aug 07 2008 11:35

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Johannesburg - South Africa's gold production in June fell by 12.3% year-on-year, Statistics South Africa said on Thursday.

Releasing data for Mining Production and Sales in June, Stats SA said total mining production fell by 6.3% year-on-year while non-gold production fell by 5.4% in June 2008 when compared with June 2007.

Total mining production for the second quarter to end June decreased by 4.5% compared with the second quarter of 2007.

However, total mining production for the second quarter of 2008 after seasonal adjustment increased by 7.7% compared with the first quarter of 2008.

This increase was attributed due to increases of 8.2% in the production of non-gold minerals and 4.2% in the production of gold during the quarter.

Production of platinum group metals (PGMs) contributed 4.4 percentage points while diamonds contributed 1.5 percentage points to the 7.7% increase.

- I-Net Bridge

 
 
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