FAST NEWS

GOLD SECTOR BLAMES ESKOM

SA gold output falls 17.7% yr/yr in Sept

Gold output in South Africa fell 17.7% in September, when compared to the same period last year, due to Eskom’s power supply problems.

Posted:  Thursday , 13 Nov 2008

JOHANNESBURG (Reuters) - 

South African gold output fell 17.7 percent in volume terms, while overall mineral production was down 3.5 percent in September compared to the same month in the previous year, official data showed on Thursday.

Production of non-gold minerals declined by 1.2 percent, Statistics South Africa said on its website www.statssa.gov.za

South African mine output has fallen after state-owned power utility Eskom [ESCJ.UL] suffered a near collapse in the electricity grid in January.

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

(Reporting by James Macharia)


(c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

 

 

SUBSCRIBE to Mineweb.com's free daily newsletter now.

SHARE THIS ARTICLE

Disclaimer

MINEWEB is an interactive publication, with rolling deadlines through each day, commencing in the Sydney morning,  and concluding, 24 hours later,  in the Vancouver evening.  If you believe your side of an issue deserves inclusion, but has failed to meet one of our deadlines, you are invited to notify the Editor in Chief in Johannesburg, and we will include you in our editing and expanding on our stories. Email him at alechogg@gmail.com


Print icon  Print story   Email icon   Email story    Subscribe icon  Subscribe to free newsletter  

BackBack
INVESTOR HUB: Gold / Copper

   


TOP STORIES

GROOTE EYLANDT

Western Uranium moves to focus on high grade manganese

Tuesday , 09 Feb 2010
BHP/Anglo's Groote Eylandt mine is one of the richest manganese mines in the world and Western Uranium controls tenements right alongside.
More 

FAST NEWS

PLANS TO CUT 170 JOBS

Outotec Q4 earnings miss forecast