McSack
31-01-2008, 05:27 PM
Linky (http://www.fin24.co.za/articles/default/display_article.aspx?ArticleId=1518-25_2262420)
Johannesburg - Eskom has told Gold Fields, the world's fourth-largest gold producer, that it may not increase its electricity consumption to 90% of regular consumption and instead stick to 80%, which puts more of its shafts at risk.
Wonder how they managed to piss Eishkom off
Interesting bit here though:
old Fields has said that with reduced power supplies, the shut down on Friday and the holidays during the three-month period to end-March, South African production would be down 20 to 25%, which translates to 164 250oz of lost output at the upper end of the estimate.
The lost ounces are worth more than R1bn at current gold prices.
Yup... no impact on the economy that I can see :rolleyes:
Johannesburg - Eskom has told Gold Fields, the world's fourth-largest gold producer, that it may not increase its electricity consumption to 90% of regular consumption and instead stick to 80%, which puts more of its shafts at risk.
Wonder how they managed to piss Eishkom off
Interesting bit here though:
old Fields has said that with reduced power supplies, the shut down on Friday and the holidays during the three-month period to end-March, South African production would be down 20 to 25%, which translates to 164 250oz of lost output at the upper end of the estimate.
The lost ounces are worth more than R1bn at current gold prices.
Yup... no impact on the economy that I can see :rolleyes: