Gold production down

MINING production fell 2.5% year-on-year in January after a revised 0.1% (0.9%) rise in December, Statistics SA data shows. Gold production contracted by 11.3% year-on-year after an 8.2% year-on-year decline in December.

Seasonally adjusted mining production increased by 5.5% for the three months ended January 2012 compared with the previous quarter.

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