Mining takes a dive

Latest minerals production figures from Stats SA underscore a stark reality - with the exception of gold, the mining industry has fallen off a cliff. In 2008 as a whole, non-gold mineral sales were 36,7percent higher than in 2007. But if we look at December itself, non-gold mineral sales were 16,2percent down year on year. And the changes are repeated talking quarterly trends. - Jim Jones

Latest minerals production figures from Stats SA underscore a stark reality - with the exception of gold, the mining industry has fallen off a cliff. In 2008 as a whole, non-gold mineral sales were 36,7percent higher than in 2007. But if we look at December itself, non-gold mineral sales were 16,2percent down year on year. And the changes are repeated talking quarterly trends. - Jim Jones

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