Bloomberg News

South African Mining Output Fell 8.3% in September After Strikes

November 08, 2012

South African mining production declined 8.3 percent in September, the biggest drop in five months after strikes since August disrupted output.

Output of platinum-group metals fell almost 18 percent and gold production decreased 11 percent, Statistics South Africa in Pretoria said in a statement on its website.

Strikes that started in South Africa’s platinum industry on Aug. 10 spread to gold, coal and chrome mines last quarter. Platinum rose 0.2 percent to $1,542.50 an ounce by 1:37 p.m. in London. Gold prices gained 0.1 percent to $1,714.80 an ounce.

To contact the reporter on this story: Tshepiso Mokhema in Johannesburg at tmokhema@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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