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Business News of Friday, 17 September 2010

Source: Bloomberg

Production of Gold, Diamonds, Manganese Jumped During First Half

Gold production in Ghana, Africa’s
largest producer of the metal after South Africa, rose 3.5
percent to 1.46 million ounces during the first half from a year
earlier, according to data from the Ghana Chamber of Mines.


Revenue from sales of the precious metal during the six
months rose 31 percent to $1.68 billion, the Accra-based group
said in a statement handed to reporters in the city today.


Diamond production climbed 14 percent to 201,792 carats,
while revenue from sales of the gems more than doubled to $6.85
million, the Chamber of Mines said.


Bauxite output during the six months rose 9.7 percent to
301,489 metric tons, while earnings from sales of the raw
material used to make aluminum jumped 41 percent to $8.82
million, it said.


The West African nation’s manganese production increased 26
percent to 563,951 tons while earnings from the metal climbed 33
percent to $37.2 million, the chamber said.


 
Production (1H 2010) (1H 2009)
Gold (ounces) 1,455,235 1,405,615
Diamond (carats) 201,792 177,281
Bauxite (tons) 301,489 274,840
Manganese (tons) 563,951 448,654

Revenue (US$) (1H 2010) (1H 2009)
Gold 1,682,930,563 1,287,931,488
Diamond 6,853,241 2,756,976
Bauxite 8,824,185 6,271,376
Manganese 37,181,477 28,056,025

Production (2Q 2010) (2Q 2009)
Gold (ounces) 759,062 730,465
Diamond (carats) 99,008 121,899
Bauxite (tons) 88,610 91,801
Manganese (tons) 295,883 285,467

Revenue (2Q 2010) (2Q 2009)
Gold 900,104,916 662,316,547
Diamond 3,585,983 1,956,007
Bauxite 2,658,300 1,940,673
Manganese 19,548,816 18,648,224