Bloomberg News

South African Gold Output Climbed 6.4% in Quarter, Chamber Says

September 06, 2011

Sept. 6 (Bloomberg) -- South African gold production rose 6.4 percent in the second quarter compared with the previous three months, the Chamber of Mines of South Africa said.

Output climbed to 1.53 million ounces during the three months to June 30 from 1.44 million ounces in the first quarter, the industry group said in an e-mailed statement today.

Compared with a year earlier, production of the precious metal declined 1.8 percent, according to the statement.

The chamber represents producers including AngloGold Ashanti Ltd., Gold Fields Ltd. and Harmony Gold Mining Ltd.

South Africa was the world’s fifth largest gold producer last year, trailing China, Australia, the U.S. and Russia, according to London-based research company GFMS.

--Editors: Vernon Wessels, Gordon Bell.

To contact the reporter on this story: Alastair Reed in Johannesburg on areed12@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net


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