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2012-09-14 Africa Subsaharan

Protest spreading to more South African mines

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Posted by Pappy 2012-09-14 00:00|| || Front Page|| [2 views ] Top

#1 Melema is a fellow to watch very, very carefully. The mines that have been nationalized (like the farms in Zim) have been allowed to go to ruin and have limited productivity. If not stopped, Melema will likely ride the current mine crisis to power using classic Shakan tactics. The losers in all of this will be the western mine owners, tribal people who fail to follow Malema, and of course the dreaded whites.

That western backed one man, one vote, (one party) "democracy" isn't quite working out as well as expected.

Posted by Besoeker 2012-09-14 04:42|| 2012-09-14 04:42|| Front Page Top

#2 but platinum collapsed? I'll never understand money.

tw, if platinum prices actually have collapsed (and I have not checked), it could be because a major (the largest?) customer is the auto industry, for catalytic converters, and car sales have collapsed.

Posted by Glenmore 2012-09-14 08:52|| 2012-09-14 08:52|| Front Page Top

#3 Glenmore, you are correct that the majority of the platinum 'demand' has fallen due to the downturn of the automotive industry (here in the good ol' catalytic convertin' USA anyway).

More supply, less demand = lower prices. Funny how that evil capitalism works.

Posted by Mullah Richard 2012-09-14 15:36|| 2012-09-14 15:36|| Front Page Top

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