* According to Mike Cutifani, CEO of AngloGold Ashanti, South Africa experienced an unexpected fatality stoppage, a brief strike by drillers, a slow resumption of operations after the Christmas break and some technical difficulties — nothing particularly surprising or to be worried about. South African operations will be affected by the usual swathe of public holidays over the Easter period
Maybe that is exactly the problem. Everything normal and nothing to be worried about. Why don’t you just shut it down? If the government and the workers do not care, why should management and the investor care?
* Cutifani also stated that no greenfields exploration is being undertaken in South Africa and the country’s mature gold mining industry continues its steady decline.
Mine killer, job destroyer. I wonder what the Vodafools think about this lot. Selling the “crown jewels” to foreigners. I do not think they need to worry too much. The South African operations will be given back to South Africans through some BEE deal that will leave everyone poorer. The Minister probably thinks it has something to do with Cynthia Carol’s goodwill.
* Nick Holland , CEO of Goldfields, stated recently that Kloof reduced fatalities by withdrawing from remnants
Another one? Is he telling us the strategy is to withdraw until nobody is left underground? Surely, he does not believe that, not in this land of opportunity. Imagine, No work, no workers and no risk. It sound like a pretty good growth strategy and it should make the government and unions happy
* According to Holland, the future of Goldfields’ SA operations relies heavily on South Deep and the adjacent Kloof reserves.
This is becoming hard to swallow. Maybe South Deep is one of those visionary dreams, high on promise and low on delivery. By the time they have figured how to turn the rich promises to account, pigs would have learned to fly. Mind you, with the Mvhela stake in Goldfields and with Tokyo’s self-confessed connections with the witchdoctor fraternity, nothing is impossible. A bit of mumbo-jumbo and hey, flying pigs everywhere
* Harmony CEO Graham Briggs said, “We have positioned the company in such a way that we are able to deliver on our promise of paying a dividend in future. Our focus now remains on achieving our overall targets and delivering consistent returns,” he said. This after the March share placement, which followed on from an earlier share placement in December through which Harmony raised R979m.
You know a miner is in trouble when he says as little as possible about his operational performance whilst waxing lyrically about his ability to mine the stock market and then in a spell bounding display dazzles his audience with elaborate plans for the future.
* It is termed a civil war but the squabble for control of Diamond Mining Giant, Rockwell Diamonds is nothing more than a childish scuffle between two parties with different opinions on how best to mine the Securities Exchange, with no concern for the small investor.
At the end of the day, Rockwell Diamonds, under present market conditions, are probably worth as much as the glowing PowerPoint presentations of its magnificent prospects. The mammoth battle between the famous, some claiming to be famous, some inconsequential and the odd reject claiming fame, is rather absurd. As the combatants (Bristow, Bristow and Copeland on one side and Von Weilligh, Reynolds and Van Wyk on the other side) square up for the fight that will destroy what little value remains in the company, spare a thought for the employees and the small investor.
* Senzeni Zokwana, President of NUM said; “This marginalisation of women in general and black women in particular not only impacted negatively on the role of women in economic activity but further entrenched their exclusion in the different sectors of our economic landscape .This marginalisation inculcated cultural and gender stereotypes which victimised women particularly in the mining sector .In this regard entrenching the hegemony of male chauvinism in all layers of employment in the mining industry.
Now, many years on, and having had woman minister after woman minister of mines, one ending up as deputy president, and a woman CEO at the helm of Anglo, the mining industry are still miles of the target. Maybe the appointment of a new minister of mines and a minister to look after woman rights will bring fresh ideas. Maybe the Gauteng Premier inadvertently pointed the way forward when she pleaded for open minds on the decriminalisation of prostitution.
This triggered my imaginative mind and I thought of the great Senzeni Zokwana’s wise words; “black men believed also that women must remain in the rural areas or in townships while they dived and descended further into the curse of production in the dark bowels of the earth which have never been hospitable even to the male folk”. Now, if that is a not plea by leaders to make it attractive for men to have woman “on the job” with them, so to speak, whilst their wives are tending the fields, I do not know what it is. If sex is allowed, decriminalised underground in a manner of speaking, the industry will fill their quotas, we’ll clean up the streets by literally driving prostitution underground. It could even solve the skills problem. We’ll have a generation of people, conceived underground, who will unlike normal youngsters, take to mine work like ducks to water. The historic and traditional aversion to work, especially underground work, will cease to be a problem.