South African mining production in decline in October and November

By bne IntelliNews January 18, 2010
South Africa's mining production fell 1.6% y/y in November. Gold productiondropped 4.9% in the month, while platinum group metals output rose 3.2%, accordingto Statistics South Africa.Output of diamonds and copper also declined, while the value of October mineralsales in fell 30% to ZAR 19bbn (USD 2.56bn). Lower gold production is hamperingefforts to mitigate the effect of rising costs in South Africa, where wages roseabout 10% last year and electricity charges rose by an average 31%.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss