Caledonia Mining Corporation Blanket Gold Mines mine workers
very HAPPY they have become part owners of the mines -
Caledonia Mining Corp. CALVF makes a Great Mission -
CALVF keeping 1000 workers and their families with
food and good housing, school, medical etc.
the spinn off help 10000 People with food or
they know - vs. not much from mugabe -
Blanket Gold Mine - Photographic Tour 2011 -
http://www.caledoniamining.com/pdfs/CALPres12062011.pdf
Operated of CALVF Blanket Gold Mines -
CALEDONIA #1 SCOTTISH RIGHT WAY TO GO -
http://www.caledoniamining.com/pdfs/CALPres08142012.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79661979
Mugabenomics' From Zimbabwe To The UK - "Gold Is Good"
Currency Ranked Returns – GBP in Fiat and Precious Metals In Last 5 Years
Gold continues to hover near its 11 month high in dollar terms and
near new records and the €1,400 level in euro terms.
The lack of confidence over Spain’s finances has kept investors
alert as they await a US jobless report on Friday to ascertain
just how poorly the US economy is. Recent data suggests that the
US economy is in a recession and may be on the verge of a
Depression.
http://www.zerohedge.com/news/2012-10-03/mugabenomics-zimbabwe-uk-gold-good
The strike in the gold mining sector continues to put a halt
to 39% of the nation’s sizeable gold output.
This is supporting gold.
NEWSWIRE
(Bloomberg) -- Gold Fields Workers at KDC Throw Fire Bombs as Strikes Persist
Gold Fields Ltd., South Africa’s second-biggest producer of the metal, said striking workers at the KDC West mine threw fire bombs at cars after about 1,000 assembled at the site. There were no “hospitalized injuries.”
The workers gathered late yesterday after being instructed to vacate hostels that had become “lawless and violent,” Sven Lunsche, a spokesman for Johannesburg-based Gold Fields, said today by mobile phone. The company applied for a court order to evict them after they failed to leave their accommodation.
Unofficial strikes have spread across South Africa’s mining industry since a six-week stoppage at Lonmin Plc resulted in pay increases of as much as 22 percent. Walkouts have also suspended sites owned by AngloGold Ashanti Ltd., South Africa’s largest gold miner, and Anglo American Platinum Ltd., where its Union operation is the latest to be disrupted, it said late yesterday.
Gold Fields workers have been on strike at KDC West since Sept. 9, cutting output by about 1,400 ounces a day, and have also downed tools at the Beatrix site. A judicial inquiry into the deaths of 44 people at Lonmin’s Marikana mine started this week.
(Bloomberg) – South Africa Platinum Mines May Cut 8,000 Jobs
Platinum companies in South Africa, which produces three-quarters of global supply, may cut more than 8,000 jobs as striking workers demand wage gains from cash- strapped employers, SBG Securities Ltd. said.
Worker pay increases will inflate costs, weighing on “already unsustainable industry margins,” analysts Justin Froneman and Walter de Wet said today in a note. Annual earnings may fall by about 65 percent, while employment may drop to about 176,650 next year from 184,890 last year, they said.
Strikes have spread through South Africa’s mining industry since workers at Impala Platinum Holdings Ltd. downed tools at the start of the year. Impala has since raised pay twice, while a stoppage and violent protests at Lonmin Plc resulted in wage increases of as much as 22 percent. Strikes have also disrupted Anglo American Platinum Ltd., the largest producer of the metal.
Higher wages mean about two-thirds of the platinum industry could be cash-negative next year when taking into account planned capital spending, Deutsche Bank AG said today in a note. While strikes drove up platinum prices by 21 percent in the past two months, the demand outlook has weakened, the bank said.
A stoppage that began at Anglo American Platinum’s Rustenburg mines in North West Province has spread to the company’s Union mine in Limpopo Province, it said today in a statement. Workers refused to go underground and handed a memorandum to management, it said, without disclosing workers’ demands.
Platinum Shortfall
There may be a 355,000-ounce platinum deficit this year following South Africa’s “labor spring,” greater than the 112,000-ounce shortfall estimated previously, the SBG analysts said. South Africa may produce 4.1 million ounces, its lowest volume of primary platinum this millennium, they said.
Prior to the wave of strikes, platinum companies were already contending with overcapacity, rising costs and falling prices. Aquarius Platinum Ltd., the fourth-largest producer, shut most of its mines in South Africa before the latest labor action. Anglo American Plc said in February it would review its Anglo American Platinum unit as returns fell short of forecasts.
The Congress of South African Trade Unions and the National Union of Mineworkers will support wage demands of as much as 21,500 rand ($2,572) a month, Cosatu Secretary-General Zwelinzima Vavi said today. That’s almost double the amount in 2010, when annual wages for South Africa’s 498,140 mine workers averaged 149,006 rand, the Chamber of Mines’ website shows.
Gold Strikes
The strikes that began in the platinum industry have also spread to gold mines, with AngloGold Ashanti Ltd. and Gold Fields Ltd. among companies reporting walkouts.
“There is no doubt in the world that the agreements in platinum will result in job losses” and posts may also be lost at AngloGold, Mark Cutifani, chief executive officer of the Johannesburg-based company, said in an interview on Talk Radio 702.
Strikes that have “ravaged” South African mining will probably increase across the precious-metals industry and may persist “well into 2013,” SBG said.
The six-member FTSE/JSE Africa Platinum Mining Index has fallen 22 percent this year. That compares with a 1.5 percent decline in the FTSE/JSE Africa Mining Index.
CALVF - Opportunities in mining shares -
Do Western Central Banks Have Any Gold Left???
http://news.goldseek.com/GoldSeek/1349208462.php
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80231618
God Bless
very HAPPY they have become part owners of the mines -
Caledonia Mining Corp. CALVF makes a Great Mission -
CALVF keeping 1000 workers and their families with
food and good housing, school, medical etc.
the spinn off help 10000 People with food or
they know - vs. not much from mugabe -
Blanket Gold Mine - Photographic Tour 2011 -
http://www.caledoniamining.com/pdfs/CALPres12062011.pdf
Operated of CALVF Blanket Gold Mines -
CALEDONIA #1 SCOTTISH RIGHT WAY TO GO -
http://www.caledoniamining.com/pdfs/CALPres08142012.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79661979
Mugabenomics' From Zimbabwe To The UK - "Gold Is Good"
Currency Ranked Returns – GBP in Fiat and Precious Metals In Last 5 Years
Gold continues to hover near its 11 month high in dollar terms and
near new records and the €1,400 level in euro terms.
The lack of confidence over Spain’s finances has kept investors
alert as they await a US jobless report on Friday to ascertain
just how poorly the US economy is. Recent data suggests that the
US economy is in a recession and may be on the verge of a
Depression.
http://www.zerohedge.com/news/2012-10-03/mugabenomics-zimbabwe-uk-gold-good
The strike in the gold mining sector continues to put a halt
to 39% of the nation’s sizeable gold output.
This is supporting gold.
NEWSWIRE
(Bloomberg) -- Gold Fields Workers at KDC Throw Fire Bombs as Strikes Persist
Gold Fields Ltd., South Africa’s second-biggest producer of the metal, said striking workers at the KDC West mine threw fire bombs at cars after about 1,000 assembled at the site. There were no “hospitalized injuries.”
The workers gathered late yesterday after being instructed to vacate hostels that had become “lawless and violent,” Sven Lunsche, a spokesman for Johannesburg-based Gold Fields, said today by mobile phone. The company applied for a court order to evict them after they failed to leave their accommodation.
Unofficial strikes have spread across South Africa’s mining industry since a six-week stoppage at Lonmin Plc resulted in pay increases of as much as 22 percent. Walkouts have also suspended sites owned by AngloGold Ashanti Ltd., South Africa’s largest gold miner, and Anglo American Platinum Ltd., where its Union operation is the latest to be disrupted, it said late yesterday.
Gold Fields workers have been on strike at KDC West since Sept. 9, cutting output by about 1,400 ounces a day, and have also downed tools at the Beatrix site. A judicial inquiry into the deaths of 44 people at Lonmin’s Marikana mine started this week.
(Bloomberg) – South Africa Platinum Mines May Cut 8,000 Jobs
Platinum companies in South Africa, which produces three-quarters of global supply, may cut more than 8,000 jobs as striking workers demand wage gains from cash- strapped employers, SBG Securities Ltd. said.
Worker pay increases will inflate costs, weighing on “already unsustainable industry margins,” analysts Justin Froneman and Walter de Wet said today in a note. Annual earnings may fall by about 65 percent, while employment may drop to about 176,650 next year from 184,890 last year, they said.
Strikes have spread through South Africa’s mining industry since workers at Impala Platinum Holdings Ltd. downed tools at the start of the year. Impala has since raised pay twice, while a stoppage and violent protests at Lonmin Plc resulted in wage increases of as much as 22 percent. Strikes have also disrupted Anglo American Platinum Ltd., the largest producer of the metal.
Higher wages mean about two-thirds of the platinum industry could be cash-negative next year when taking into account planned capital spending, Deutsche Bank AG said today in a note. While strikes drove up platinum prices by 21 percent in the past two months, the demand outlook has weakened, the bank said.
A stoppage that began at Anglo American Platinum’s Rustenburg mines in North West Province has spread to the company’s Union mine in Limpopo Province, it said today in a statement. Workers refused to go underground and handed a memorandum to management, it said, without disclosing workers’ demands.
Platinum Shortfall
There may be a 355,000-ounce platinum deficit this year following South Africa’s “labor spring,” greater than the 112,000-ounce shortfall estimated previously, the SBG analysts said. South Africa may produce 4.1 million ounces, its lowest volume of primary platinum this millennium, they said.
Prior to the wave of strikes, platinum companies were already contending with overcapacity, rising costs and falling prices. Aquarius Platinum Ltd., the fourth-largest producer, shut most of its mines in South Africa before the latest labor action. Anglo American Plc said in February it would review its Anglo American Platinum unit as returns fell short of forecasts.
The Congress of South African Trade Unions and the National Union of Mineworkers will support wage demands of as much as 21,500 rand ($2,572) a month, Cosatu Secretary-General Zwelinzima Vavi said today. That’s almost double the amount in 2010, when annual wages for South Africa’s 498,140 mine workers averaged 149,006 rand, the Chamber of Mines’ website shows.
Gold Strikes
The strikes that began in the platinum industry have also spread to gold mines, with AngloGold Ashanti Ltd. and Gold Fields Ltd. among companies reporting walkouts.
“There is no doubt in the world that the agreements in platinum will result in job losses” and posts may also be lost at AngloGold, Mark Cutifani, chief executive officer of the Johannesburg-based company, said in an interview on Talk Radio 702.
Strikes that have “ravaged” South African mining will probably increase across the precious-metals industry and may persist “well into 2013,” SBG said.
The six-member FTSE/JSE Africa Platinum Mining Index has fallen 22 percent this year. That compares with a 1.5 percent decline in the FTSE/JSE Africa Mining Index.
CALVF - Opportunities in mining shares -
Do Western Central Banks Have Any Gold Left???
http://news.goldseek.com/GoldSeek/1349208462.php
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80231618
God Bless
My opinions are my own and and DD I post should be confirmed as unbiased
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