Power Problems in Mines Upset African Barrick Gold Full Year 2011 Yield Output, Down 2% Versus 2010

The continuous power disruptions brought by the unreliable power supply in Tanzania have seriously affected the gold production yield of African Barrick Gold (ABG), with fourth quarter 2011 figures sliding 11 per cent. This development caused the unit of the world's largest gold producer, Barrick Gold Corporation, to miss its full year 2011 production targets by 2 per cent from a year ago.

View full post on IBTimes.com : Gold

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