SAfrica slips to fourth in world gold production
share
March 12, 2010, 1:50 pm

JOHANNESBURG (Reuters) - South Africa's gold production fell by 5.8 percent in 2009, pushing the country to the fourth-biggest producer after China, Australia and the United States, the nation's Chamber of Mines said on Friday. South Africa was the world's largest gold producer for most of the last century up until 2006. Gold production last year stood at 204,922.8 kg, which was an improvement on the 14.5 percent decline in output that occurred in 2008 mostly as a result of power cuts that crippled mines, the Chamber said in a statement. The electricity crisis and the stoppages of mines and shafts for safety related reasons, had also reduced production in the country's gold sector in 2008. The main gold mining firms in South Africa include the world's No. 3 and Africa's top gold producer, AngloGold Ashanti, fourth-ranked Gold Fields and fifth-placed Harmony Gold Mining Co.. In the fourth quarter of 2009, South Africa's gold production fell by 1.8 percent to 51,681.8 kg compared to the third quarter output. On a year-on-year basis gold production was down by 5.4 percent in the fourth quarter of 2009. Last year, the gold sector earned South Africa about 48.7 billion rand in foreign exchange making it the country's second largest exporter behind platinum group metals, which earned 58 billion rand. The gold sector employed about 159,000 workers.

 
Banner

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.