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SA mining output tumbles in August

I-Net Bridge | Thu, 08 Oct 2009 12:45
[miningmx.com] -- Mining production for August 2009 decreased by 11.5% compared with August 2008, reflected by a 12.7% decrease in the production of non-gold minerals and a 2.9% decrease in the production of gold, Statistics South Africa said on Thursday.

Seasonally adjusted mining production increased by 2.6% in the three months to August 2009 compared with the previous three months, Stat SA said.

This is the fourth consecutive quarter-on-quarter increase since April 2009, it said.

Platinum group metal (PGM) production was the main contributor (1.7 percentage points) to the 2.6% increase.

Seasonally adjusted mining production decreased by 5.8% month-on-month in August 2009. PGM production was the main contributor (-4.3 percentage points) to the 5.8% decrease.

The total mining production for the three months ended August 2009 decreased by 4.5% compared with the three months ended August 2008.




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