Saturday, January 26, 2008
SA Government shoots itself in the foot
The gold price is soaring but South Africa's gold mines are in the red because of an uncertain electricity supply. The country's three biggest gold mines and the world's largest platinum mine had to suspend production because of power cuts. The disruption sent the metals to new highs on overseas markets, but left the mines in a shambles and investors fled.
Labels: Electricity, Gold, Mines, South Africa