Platinum, gold, coal, diamonds, iron ore. No end in sight for SA mine strikes – by Lawrence Williams (Mineweb.com – October 4, 2012)
The South African mine strikes, and associated intimidation of any who wish to return to work, appear to be continuing to spread – from platinum, to gold and now to other mining sectors as well.
LONDON (MINEWEB) – Writing here on Mineweb in mid-August (Platinum mine violence impact – could it spread to gold mines too?) we commented thus on the prospect of the strikes and associated violence then being experienced on the platinum mines spreading to the country’s gold mining sector: “But, the issues which have led to the platinum mining violence are potentially mirrored in South Africa’s gold mines – an even bigger sector (just) – and the government will be hugely worried about the potential spread of mine unrest given the potentially major impact on the South African economy of a mining meltdown.
South Africa may no longer be the world’s largest gold producer – a position it held for nigh on a century, but it still remains one of the world’s biggest and disruption here could have a very negative impact on global mine supply – and again lead to the permanent closure of some of the more marginal operations, which are struggling to stay afloat even at current gold prices. The platinum and gold mines operate in a very similar manner and employ huge workforces by western standards. If the AMCU starts to move into the gold mines in a similar manner the impact could be equally destabilising.” Read the rest of this entry »