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S. Africa Aug. Mining Output Drops

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Thursday, the Statistics South Africa said in a report that the mining production dropped 11.5% year-on-year in August, reflecting a 12.7% fall in non-gold production and a 2.9% drop in the gold production.

On a monthly basis, the mining production decreased a seasonally adjusted 5.8% in August. At the same time, gold and non-gold production dropped by 2.2% and 6.2%, respectively.

During the June to August period, total mining production fell 4.5% compared to the same period of the previous year.

Thursday, the Statistics South Africa said in a report that the mining production dropped 11.5% year-on-year in August, reflecting a 12.7% fall in non-gold production and a 2.9% drop in the gold production. (Market News Provided by RTTNews)

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