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Platinum December Mining Output Falls on SA Labor Unrest: Nedbank
Feb. 14, 2013 05:31PM PST
Precious MetalsMining Weekly reported that banking group Nedbank said the mining sector in South Africa is still suffering from the devastating effects of the labor unrest, as stagnant platinum output continues to affect the country’s mining production growth.
Mining Weekly reported that banking group Nedbank said the mining sector in South Africa is still suffering from the devastating effects of the labor unrest, as stagnant platinum output continues to affect the country’s mining production growth.
As quoted in the market news:
Statistics South Africa reported a 7.5% year-on-year decrease in mining output in December, with platinum-group metals (PGMs) the main contributor to the decline, accounting for a 7.1 percentage point drop, followed by gold with a 3.4 percentage point drop.