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Mining Weekly reported Statistics South Africa announced mining production was weak in April 2012 with output falling 10.6%.
Mining Weekly reported Statistics South Africa announced mining production was weak in April 2012 with output falling 10.6%.
As quoted in the market news:
This compared with a revised 8% decrease in March 2012.
April was the tenth consecutive month of seasonally adjusted production contraction on a yearly basis.
Platinum production plunged 28.1% year-on-year, diamond production fell by 22.8%, manganese ore output by 22% and gold production declined by 12.8%.