S.Africa gold output falls 23.2 pct yr/yr in August

[SimonPB]

October 9, 2008 10:29:24

JOHANNESBURG (Reuters) - South African gold output fell 23.2 percent in volume terms, while overall mineral production was down 6.2 percent in August compared to the same month in the previous year, official data showed on Thursday.

Production of non-gold minerals declined by 3.5 percent, Statistics South Africa said on its website www.statssa.gov.za

South African mine output has fallen after state-owned power utility Eskom suffered a near collapse in the electricity grid in January.

Eskom has since supplied around 90 to 95 percent power to mines in the country, the world's biggest source of platinum and the second-ranked gold producer.

I bet costs didn't fall.

[KVW]

STATS South Africa......I'll have those figures checked out....

[#3]

Simon, no justice in the world. Newgold drops 5%, rand strengthens, gold output drops, gold price drops - harmony climbs - go figure

[Russ]

Don't worry,skaaptjop,the wheels of justice grind slowly.