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South African Miners "Playing Dangerous Game" As Tensions Rise Again
While it appears the mainstream media has forgotten about the ongoing drama in South Africa, the tensions are rising rather dramatically around the Marikana mines (owned by LonMin mining). As Al Jazeera reports, thousands of miners (along with wives and supporters) have defied an extended deadline (brokered by the government) and decide to remain on strike. The following clip provides some rather concerning color on what is occurring as Julius Malema, the expelled ANC leader, has already been charged with inciting violence - and is "playing a rather dangerous game." He is calling for a national strike as he addresses the people: "they have been stealing this gold from you. Now it is your turn, you want your piece of the gold." The tough reality is that as extraction costs rise (energy/depth) and now miners' costs rise, then the end-product's cost must rise, or - as Melema suggests - supply goes offline. Must see clip.
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no mo diggin.. bitchez..
Unfortunately the price of gold just hasn't risen enough since apartheid ended to afford a pay increase to the miners.
I don't understand. Bernanke said he could stop inflation in 5 minutes. How do these workers not comprehend that? It's like no one is even listening to the central planners?! Someone should make this illegal.
Here Come the Cops
http://www.youtube.com/watch?v=taVIV-QauGs
Though the mining industry is largely irrelevant to set the price of gold. As gold as very little industrial usage, most of the gold dug out of the ground for the past few centuries is still there for people to buy:
- Annual worldwide gold production ~2,000-2,500 tonnes.
- Gold dug out of the ground: ~165,446 tonnes.
Shut down all gold mining activity in the world and that's only ~1-2% of the supply taken out...
+ 1
YES re gold and its price dynamics (at least for now).
Platinum might be the better speculation (short term)...
Disclosure: The Bearing holds Au and Pt in strong hand and ain't gonna sell...
..
Let's get to the point... Can't they Grow Some Hair ???
It's cool, they're Lamanites.
"Though the mining industry is largely irrelevant to set the price of gold. As gold as very little industrial usage, most of the gold dug out of the ground for the past few centuries is still there for people to buy..."
Tell me what the ratio to production (flow) to stock is and you'll see why mining has a HUGE influence on the price of gold.
http://www.kitco.com/ind/Lewis/20120803.html
Interestingly, gold has a very high stock-to-flow ratio compared with silver. Gold’s stock or total volume ever produced is roughly 170,000 tonnes, while its yearly production or flow was reported at 2,586 tonnes in 2010 by the World Gold Council.
This puts gold’s stock to flow ratio at 65.7 years, while silver’s is less than one third of that. Other key commodities — like crude oil, copper, corn and wheat — have much lower ratios
They should simply STOP mining... Leave it in the ground and stop exporting the value from their country..
Kick out the fucking PIG men and live free..
The problem with that idea is that Negroes in Africa have an average IQ of 70. They are genetically incapable of producing more than a stone-age standard of living for themselves. They exist in the 100-millions today only because advanced forms of hominids send them massive amounts of food; a dysgenic crime against humanity, facilitating the unchecked multiplication of the most dysfunctional obsolete genotypes, which should by natural law be rapidly dwindling to nothing.
"Stop exporting the value form their country" ... raw material is the only thing of value in their country. Without those exports, the gears of natural selection would come back on-line immediately. Once the Jews have completed their destruction of the West, the gibs-me-dat gravy train will stop, and nature will run its course on the grotesquely distended African population. The Chinese will not be so generous once the watchful eyes of the Jewified West are no longer cast outward.
American Democrats know how to "control" Black birth rates.
There are 40 million black Americans on the eve of the 2010 Census. We are 12.3 percent of the U.S. population down from 14.8 percent of the population in 2000.
Here is how the Democrats control Black birth rates in America.
Aggressive Abortion Stance Central to Democratic PlatformThe above link opens in a new window.
Rather have stone than paper, you American
South Africa derives 20% of it's budget from mining and 75% of it's bribes and kickbacks this revolt/strike will not be tolerated as the Rulers have to eat too ya'know
ZULUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU!
so much hassle for some barbaric relic.. couldn't they just dig up canned spam? at least it's edible and.. stuff. local authorities could also put money into cans and let the miners dig'em. it is good for economy.
DID YOU GUYS MISS THIS?
Reuters reporting that Obama refuses to meet with Netanyahu on his visit this months.................
Oh that's right, the whole world revolves around the joos.
isael already provides the phone system which they built a backdoor in so they know ever conversation. they dont even need to call...just go and ask converse infosys.
Yep, Israhell is where the operators reside.
Whitehouse 666, let me put you right through!
seems like cheap theatre to me... pretty obvious that israel calls the shots in the U.S... so who are they trying to fool with this bs and why? think about it.
Netanyahu just has to phone it in if he wants to talk....
http://miamiherald.typepad.com/nakedpolitics/2012/09/dolphins-dissing-president-obama-chats-pitbull-medicare-on-911-with-pimp-with-the-limp-dj.html
Maybe BiBi ought to pick up golfing. I hear this is where you'll find zerO most of the time...
That's because, he's about ready to attack Iran and wants the cover of meeting with the US Prez, right before he does it!!
If your neighbor is about to fuck up the guy down the street, it's probably best if everyone in the neighborhood doesn't see you meeting with him, the day before it happens!!!!!
Sorry Bibi, I have a 9:00 tee time, "O"
GOLD BITCHEZ!!!
Does anyone know if the webmaster of the former site African Crisis and author of "Goverment by Deception," Jan Lamprecht, is still alive? Or has be been necklaced in that hell?
i thought it only costs $5 per ounce to dig it out of the ground
Production costs are largely stable but unfortunately ownership costs are skyrocketing.
Nelson Mandelas grandson and President Zumas nephew don't work cheap.
Welcome to the new era of Togetherheid. It's like Apartheid but now Zuma and Mandella heid the money together.
http://www.ibtimes.co.uk/articles/380113/20120903/miners-strike-shooting...
Does, Zuma and Mandela work in the mines to.
Thats what ill call, solidarity,or,as you points out, Togetherheid,Ein zwei,alles fur eins,eins fur ich.
Africa back to the Africans!
.. yes and Africans back to Africa!
kleptocrat oligarchs laboring alongside the serfs, surely you jest...
Didn't those anthropologists trace all our genetic roots back to Africa?
Shirley (for Kito) they're mistaken.
High Demand + Unchanged Supply = Higher Prices
Economics 101
that's bullshit....paper derivatives set the price of gold. econ 101 in the new normal. how do you think they manip the prices of gold...?
You sure that's Africa? Looks a lot like Detroit.
more like the chicago teachers union.....
Damn, I thought that corner looked familiar.
That's Conner and Gratiot.
I'm part of the Detroit diasphora and appreciate the mention of Conner and Gratiot where I witnessed some road rage action. The driver of one car got out, walked to the car behind him, and beat the driver of the second car through an open window. So very Detroit assaulting someone in front of a police precinct. A couple of police out of uniform walked across the street and made the arrest.
Fire up the AK-47s, time to shoot up some miners, and ship some in from Vietnam.
Edit...apparently three people are too stupid to understand sarcasm based on past events..or they feel that shooting striking workers is the solution.
They are not so much stupid as they are confused as to how you figured out their plan...
no sarcasm or joking imo when we saw a shooting at a strike that looked like a f war scene. Knowing sOuth Africans this will end badly.
I see so you fall into the shooting of miners camp...gotcha.
i see that you are never wrong.
Holly fuckawucka hide the white women.
yeah, it's a dangerous game if the fuckers are going to shoot you for not working. They might introduce it into the US and Europe if it reduces numbers out of work.
"They might introduce it into the US and Europe if it reduces numbers out of work." - I wish they did, if you don't want to work why should you want to eat
Apologies for not knowing more about this mining situation, but I'm assuming these miners WANT to work, but would like a little more money for all the digging.
Start in Chicago, no one will notice the noise of the new gunfire over the existing gunfire.
In this corner, we have 15,000 hungry, armed, unified, shaven-headed African miners.
In the other corner, we have...Jeffrey Christian, iPhone 5, and MOPE.
Like Carl Weathers said,
"always bet on black".
You`ve never been onsite at a third world energy or minig op have you?
Human Rights are for the pussies back in the Motherland.
If you're trying to subtly dissuade me from stacking, you've never been onsite at a boating accident, have u?
Never had a boating accident but every time I go back to the States and borrow my uncles extra open-water kayak I seam to have terrible luck keeping the stern bag attached...
My point was more directed to stereotypes. I love a good negative stereotype about any group of Europeans myself, but the guys who work for those companies in overseas shit holes are a different breed entirely. Those industries gave birth to the whole PMC industry. The French may be Surrender Monkeys but when he you get the guys from Total, their bagmen walk hand-in-hand with the organized groups north of Sicily, and gunmen will slaughter any man, woman, child, or geriatric in their path. In SA there is a bit of Al Jolsen theater going on, with the black faces, but it`s actually just reruns.
I'd like to see the company big shots spend a few years down in that hole. Apartheid never died.
Gold Coast slave ship bound for cotton fields. Sold in the market down in New Orleans Scarred old slaver knows he's doin' all right. Hear him whip the women just around midnight...
average US slave cost $1,658.00 in 1860, worth $41,000 in 2006 dollars
using the Consumer Price Index. In South Africa no slaves in 1860, all free
If you want to compare the value of a $1,658.00 Commodity in 1860 there are three choices. In 2011 the relative:
real price of that commodity is $46,300.00
labor value of that commodity is $282,000.00(using the unskilled wage) or $579,000.00(using production worker compensation)
income value of that commodity is 00 $582,000.
Africa? Who Cares?!
That's China's problem now. Next!
God Damn I'm feeling more British by the moment! Multiculrutalism with primitive (primates that is) only three generations from the bush (jungle) wil never work.
Zulu - Final Attack
http://www.youtube.com/watch?v=1csr0dxalpI
ZULU!!!!You know, that youtube clip of the strikers attacking and getting gunned down reminds me of the Zulu king's ploy to test the Anglo's rate of fire by marching "probe" units into the guns. Once he knew that he had enough men and could launch them faster into the lines than the Anglos could kill them, he began his real attack.
And, the Zulu king didn't even have a degree in math.
Apparently our Messiah doesn't either. Nor one in Constitutional law.
It's going to be more like "Boo Got Shot".
http://www.youtube.com/watch?v=SAzsW-SeU2Y
"Multiculrutalism with primitive (primates that is) only three generations from the bush (jungle) wil never work."
but the teachers deserve a raise..oh wait ...you arent talking about the striking chicago teachers...?...my bad.
same shit going on in Chicago...
ZULU!!! everywhere get the hell out now.
Chi-town Got Hood Snipers(Watch Where U Walk)http://www.youtube.com/watch?v=EkROPp1durY&feature=relatedl
March of the Templars
http://www.youtube.com/watch?v=b11-37Me_a4
screw this bullshit take the gloves off and lets get it the fuck on!
See? Zombie attacks coming.
When they see others doing better, the masses WILL demand socialism. Everywhere. Get ready: hide your assets, stock up and get together with like-minded neighbors.
They aren't zombies, they are men. It isn't socialism, it's physics.
Point is, the mines, the assets and the proven reserves, etc., belong rightfully to the INVESTORS and the mineowners. Without them and their capital & know-how, Malema etc., would likely not have jobs at all.
"Pay them more?" Sorry to have to say this, but labor everywhere is in vast oversupply - while money-good, unencumbered, debt-free CAPITAL is in short supply. Labor is incidental to the process: you hire just as many as needed and no more. LonMin is not in the business of sharing hard-won profits with the hired help. Rightfully.
Definitely agree, I never understood how people can protest against their own employers, if you don't like it take a hike nobody needs you at least have some moral decency to go cry elsewhere
or build your own business and be your own boss otherwise put up or shut up
PS. they might be protesting because they didn't get paid at all for work they did, now that's a different story if true
Malema is a genocidal community organizer, not a worker, he wouldn`t allow his polished 24k gold anywhere near the shit down that shaft.
I don't know anything about Malema or about mines. And yes, perhaps Indian workers could be ghandi'd into the country if the natives prefer dusty hut couture to slave labor.
I do, however, am very sure that the one pulling trigger killed the protester downrange, not the protesters who survived, and that if one is to be found guilty of murder, it would be the one pulling the trigger.
Nothing to do with socialism. Slow minds hear "strike" and cry "socialism". That's like smelling a hamburger cooking and saying "heart attack".
I thought Malema was sent up to Mugabe to take better notes on how to kill the whites and turn the farms to garbage dumps more affectively...
Killing people is just wrong. But if it would increase Malema`s personal wealth or power- he would be out there pulling the trigger himself on the miners. This isn`t even about the plight of the miners per se. Malema didn`t get a big enough slice of sweetness when the Oligarchs were divying up the spoils in the post-apartheid redistribution. What`s going on is classical (as in going all the way back to Roman) mob politics, it`s a bloodsport that has become completely woosified in western "civilization" but has progressed through several thousand years of evolution in the rest of the world. This particular episode is complete with astroturfed unions just setup by special interests, since the actual unions came to terms. The dead miners are nothing more pawns on an Oligarch chess board. The moral complexity revolves around whether the pawns are being taken or sacrificed.
until there is a clip of bernanke being arrested for treason, or "assaulting" a hotel maid, nothing is a must see clip.
This could be really bad. Malema is the leader of the ANCYL, the ANC Youth League, his own private army and he doesn't take orders from other big shots in the ANC.
The ANC and its cronies are nominally Marxist but have been pretty much been bought off by the big mining companies (given an ownership interest so they stay bought). Malema is a populist and firebrand who can mobilize thousands at his word. Knows where to hit the ANC old guard where it hurts.
So, remember that wildcat strike and shoot-out at the platinum mine about a month ago? Apparently over workers not getting paid and Malema egging them on. The mining company (forgot which one) was paying another company run by an ANC crony which was supposed to pay the miners. What happened instead was that the company pocketed the miner's pay. The mine is shut down and the mining company tells the ANC to settle this and get the mine working. The ANC sends the police in to bust heads (i.e. shoot people) and break the strike.
So this may be the opening round in an intra-ANC civil war.
Correction: Malema was officially fired as the head of the ANCYL but Malema has a different opinion on that.
reference?
Here you go:
Malema accuses ANC of being in pockets of the mining companies:
http://www.citypress.co.za/Politics/News/Zuma-leaders-in-pockets-of-mine...
Company paying Marikana miners pocketing their pay:
http://praag.co.za/nuus-magazine-402/suider-afrika-magazine-400/12183-he... (In Afrikaans)
Translation of relevant quote: Cyril Ramaphosa, has apparently through his company Shanduka obtained a contract for all labour at the Lonmin Marikana mine. "Ramaphosa and the NUM are operating a form of slave labour at the time," said a source at Marikana. "He provides the labour at about R12 000 per worker, but pays each worker R4 000 per month and puts the rest the rest in his pocket."
Malema accuses President Jacob Zuma of ordering police to use "maximum force":
http://www.iol.co.za/business/business-news/malema-takes-charge-1.1365506
Perhaps we could learn something from those brave souls...
they got bigger balls than 99% of americans. when i see 15,000 americans marching to the federal reserve with sticks..THE WE WILL HAVE CHANGE WE CAN BELIEVE IN.
"all revolutions are of the belly" Francis Bacon. plus the dumbed down flouridated ELFed and Corzined lemming couch potatoes are begging for slavery, not resisting it.
Never bring a stick to a gunfight.
O's putting his foot down LOL
Lots of real lame comments on this thread. It's fun if it's not your family right.
Amazing how the world just watched and did zilch.
"Amazing how the world just watched and did zilch."
the miners need to solve the issue themselves...just like americans need to take ownership.
I would think some higher authority should solve the issue.
high like cheech and chong...?...or higher like a 'god'...? now i would pay good fucking money to sit in a room with cheech and chong and discuss solving this problem.
gold or silver?
acapulco gold baby...!
I did do something... I bought physical platinum about two months ago. Glad I did...
Nice to see the racial element has been removed and now they are down to blacks shooting other blacks.
When is the FAT & UGLY DUMB ASS from down under gonna say something stupid again?
rosie o'donnell...?
Nope, Gina - http://www.zerohedge.com/news/guest-post-gina-rinehart-bubble
niggas learning quick.
To Republicans, the only good union member is a dead union member.
Still butt hurting over getting smoked in Wisconsin are we? and I guess you missed the part about union leaders sending their members into the gunfire just to raise the stakes? Besides, Republican are too stupid to do anything so thoughtful as having union thugs whacked "for the Children"
Malema is one crazy kaffir. Dangerous and corrupted. A thug. Buying all that property and cars with his small official salary. South Africa is almost as corrupted as Finland: in SA it's cash, in Finland it's structural.
They have no sovereignty, the mine owners will just bring in another cheaper herd of scab foreign workers-then cost shift their scabs costs onto the government.
The only way to drive up wages in South Africa is with mass deportations of foreign workers so the citizens can get some leverage, but their govts immigration treason is even greater than ours, their people live in squalor in corrugated steel huts without water, power or sewers and they still allow scab imports for cheaper labor at the world's richest platinum vein.
I wonder if Americans will ever say no to importing scab labor?
I'd like to send those folks some ammo.
South Africa is slowly heading down the trail blazed by Rhodesia. I wonder how long it will be until they come up with a new name for the country.
The Mandela Babies can rename it "Dead White Farmer", (in Zulu so it sounds cooler).
So much concern about a few intraracial killings while a Genocide Alert has been put out in regards to South Africa's white farmers. Several thousand have been killed. They are being slowly disarmed and being told that they can not join together to protect themselves either. At the least it is benign neglect by the South African Government. At the worst it is a stealth pogrom.
"Ask for Whom the Bell Tolls" RIP U.S.A., if Obummer and his radical crew get one more term to run wild.
Its happening all over hombre, Afrikaaners get alot of attention because they are whites getting it from blacks. Take a look at the depopulation of Eastern Europe Moldova, latvia etc. Economic collapse and communism/neo-liberalism destroying their population.
http://www.businessweek.com/stories/2008-08-22/europe-regions-face-depop...
The natives in the Latin American Andes have also been getting it along with forced abortion programs.
http://www.longviewinstitute.org/research/joffe/andes
http://news.bbc.co.uk/1/hi/world/americas/2148793.stm
This is how the world works, you ever heard of the Taino, Carib or Arawaks? The people that built Angkor? Any celtic nations in mainland Europe?
The White South Africans had it coming though they were interlopers. They crossed the line when they built nucleaur weapons and started up Biological Weapons programs. Maybe if they'd put their efforts into fighting the good fight, intergrating and not pandering to finance and playing that supremacist bullshit while their numbers shrank due to easy livng they'd have lasted.
In a so-called "democratic state" nobody has it coming on the basis of their race, (regardless of past history), if the rule of law is followed.
If this is tried in the U.S., (the total disregard of the rule of law coupled with race baiting/reparations), there will be Civil War. And it won't end like Rhodesia. Nor will it be another South Africa.
See what Obummer has done by opening this Pandora's Box? He has cooked-up a toxic brew of Marxism and reverse racism with the Feds dancing to his tune, (with his cronies calling the shots from the top).
It is Russia 1917. Be very careful how you choose. All outcomes are NOT equal.
I don't think it's Obama behind opening "pandora box" (not trying to defend him, either). The race baiting is instigated within organizations like the Southern Poverty Law Office, ADL, and like minded orgs that are lauded as do-gooders by the Left Extremists, that are all over the internet now too. People like Amy Goodman, Thom Hartmann, katrina Vander Heuval of Nation Mag, and Soros, etc, are pushing these racist cards. the SPLC has lists of groups that are "hate" groups. If you go check a few out you'll see that they seem to be phony. Like the one group (forget the name) that says its a "White Nationalist" organization that now has its own DC lobby group. Well, you can see where they're going to take that one!
We need to focus and push the "unity" card on these people when they push any race buttons. We have so many people that are inter-married and many "white" Americans love bragging about that 1/4 Cherokee or Apache they have in their blood.
I remember how these people I mentioned, as well as many many others on the internet and mainstream, pounced on Zimmerman as a racist....until...oops, they made a big mistake and discovered Zim is hispanic. LOL. They didn't own up to their mistake, but push a little more before they shut up about it. To them it can only be a White that is racist against anyone else.
You have to keep pushing back.
so... wasn't the internet and technology suppose to make the people free??? look like low tech no debt is where the freedom is
that video is a time capsule to liberty
Duboola die boere! JK lols.
South Africa's production of gold is only a small fraction of what it once was. As known gold ore fields are depleted, then lower grade veins are being used up. Genuine new mineral exploration for long term thinking is held back by investors common sense in avoiding investing in governemnts with growing hungry black demographics destined for angry socialialism and nationalization of any long term asset. Look at the picture of the above marching ragged unhappy affricans. Would you invest in any business they were headed toward? Investors are not racist they just want a stable and predictible business environment.
somebody left a link in another comment thread (thanks) about this Fat Australian cow that is screaming for Westerners to be paid $2 a day so she can afford to run her mining company. She's the bloated bitch named Gina Rinehart, who Inherited (didn't work a day for it) a mining company and her wealth is estimated at $18 Billion. She is the richest woman in Australia (you have to wonder why she doesn't use some of that money to have the fat removed!).
UPI has the story is:
http://www.upi.com/Business_News/2012/09/05/Billionaire-suggests-2-daily-miner-wage/UPI-32191346890812/
And listen and see her speaking recently at the mining club she is a member at:
http://www.youtube.com/watch?feature=player_embedded&v=B3CcxRbFiLg
Buy Platinum or rhodium. South Africa is still the worlds largest platinum producer by a large margin. In terms of gold they have declined significantly and are only fourth of fifth. Platinum trade was in surplus due to weak demand but the strikes are moving it quickly into deficit.