Tags: AF | South | Africa | Gold

South Africa Gold Output Declines, Drops to Fourth Place

Monday, 15 Mar 2010 07:10 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

South Africa's independent Chamber of Mines says the country has dropped to fourth place in worldwide gold production.

The Chamber of Mines said Monday that South Africa's output last year dropped 5.8 percent to an output of less than 205 tons. The statement says China, Australia and the U.S. now occupy the top three spots.

South Africa was for a century the world's top gold producer but lost its top ranking to China in 2006 as reserves in some of its mines were exhausted. Output declined by 14.5 percent in 2008, mostly the result of disruptions in power supplies, according to the chamber.

Gold is South Africa's second-largest export, after platinum metals. In 2009, the country earned some $6.7 billion from gold exports.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Cowboy Poet Waddie Mitchell Pens 'Call to All' on Nevada Ranch Standoff

Sunday, 20 Apr 2014 12:52 PM

A week after a tense standoff between gun-toting states' rights advocates and federal Bureau of Land Management police,  . . .

Boxer Rubin 'Hurricane' Carter Dies at 76

Sunday, 20 Apr 2014 11:26 AM

Rubin Hurricane Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, . . .

Boston Marathon Defies Terror Attacks One Year On

Sunday, 20 Apr 2014 10:53 AM

The Boston Marathon returns Monday under a major security crackdown after last year's deadly bombings as a near record 3 . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved