South African Production Weak

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%.

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