Gold output from Ghana, Africa’s second largest producer of the precious metal, rose 3 percent during the first nine months of 2010 compared to a year earlier, the government said on Tuesday.
\nThe West African nation produced some 2.24 million ounces of gold during the period, versus 2.17 million ounces in the first nine months of 2009, according to figures released by the Ghana Chamber of Mines.
\nRevenues from gold mining, meanwhile, rose 30 percent to $2.611 billion, according to the figures.
\nGhana is Africa’s second biggest gold miner behind South Africa, and is also the world’s No. 2 grower of cocoa.
\nDiamond production fell 1 percent to 265,034 carats, while revenue from sales of the gems almost doubled to $9.2 million, it said. Output of bauxite, used to make aluminum, rose 30 percent to 470,227 metric tons, while earnings from sales of the raw material jumped 71 percent to $13.9 million, it said.
\nManganese production declined 1 percent to 756,439 tons while earnings from the metal increased 1 percent to $49.2 million, the chamber said.
\nProduction (Nine Months 2010) (Nine Months 2009)
\nGold (ounces) 2,235,881 2,173,182
\nDiamond (carats) 265,034 267,594
\nBauxite (tons) 470,227 361,440
\nManganese (tons) 756,439 764,377
\nRevenue (US$) (Nine Months 2010) (Nine Months 2009)
\nGold 2,611,116,019 2,003,702,846
\nDiamond 9,160,070 4,865,007
\nBauxite 13,886,325 8,134,142
\nManganese 49,197,977 48,789,224
\nProduction (Third Quarter 2010) (Third Quarter 2009)
\nGold (ounces) 780,646 767,567
\nDiamond (carats) 63,242 90,313
\nBauxite (tons) 168,738 86,600
\nManganese (tons) 192,488 315,723
\nRevenue (Third Quarter 2010) (Third Quarter 2009)
\nGold 928,185,456 715,771,359
\nDiamond 2,306,829 2,108,032
\nBauxite 5,062,140 1,862,766
\nManganese 12,016,500 20,733,199
\nSource: ghp<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold output from Ghana, Africa’s second largest producer of the precious metal, rose 3 percent during the first nine months of 2010 compared to a year earlier, the government said on Tuesday. The West African nation produced some 2.24 million ounces of gold during the period, versus 2.17 million ounces in the first nine months […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-274425","post","type-post","status-publish","format-standard"],"yoast_head":"\n