S. African mining stocks fall on China data, weak gold price

S. African mining stocks fall on China data, weak gold price

JOHANNESBURG - South Africa's Harmony Gold fell 7 per cent in early trade on Monday as mining stocks in Johannesburg and elsewhere were hit by soft data out of China and as spot bullion sank to a 2-year low.

Rivals AngloGold Ashanti and Sibanye Gold dropped almost 6 per cent while Gold Fields and Impala Platinum slid more than 4 per cent.

Resource stocks globally have dived after China's economic recovery unexpectedly stumbled in the first three months of 2013 as the annual rate of growth eased back to 7.7 per cent from the 7.9 per cent pace set in the final quarter of last year, official data showed on Monday.

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