Anglo could pull plug on Eskom coal supply

ZCFOutkast said:
We will chuck Anglo out of this country empty-handed if they want to be foolish.
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I doubt it. Anglo have both the lawyers and the money to take the Government to court.
 
ZCFOutkast said:
I'm wondering just how much of this country contributed to Anglo's mere relevance....
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Does that really matter,,,,, now?

Or shall we live in the past forever?

I don't care who owns what, or supplies what, or does what with whatever.
I will call anyone Baas that knows how to build a business, an economy, provide jobs and a sustainable future.
 
ZCFOutkast said:
We will chuck Anglo out of this country empty-handed if they want to be foolish. People think SA is made up of puss*es neh! They go to Zim and sign deals which screw them but cry foul here in SA. Anglo must comply or create space for those who will. Plenty of takers out there.
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Where are those "takers"? I wonder what would become of the local mining industry then without anglo?

Lets see

MOST South African gold mines are set to close in the next 25 years. Now a repeat of catastrophes playing out at Grootvlei in Springs and Blyvooruitzicht near Carletonville seems inevitable on a far bigger scale if government cannot find a solution.

Gold mining, once the backbone of the economy, has fallen on dire times, and the legal framework is making it impossible to successfully close mines in the country. This has plunged communities living around those mines into economic, social and environmental crisis.

“The gold industry is sitting with a terminal problem, and no one is giving us the right medicine. We need hospice care, but there are no hospices. Nobody wants to talk about death,” said Bernard Swanepoel, chairman of Village Main Reef.

Swanepoel, who made a career in taking over marginal gold mines and extending their productive life, is now facing fire over closures.

At Blyvoor, where Village was the last operator before it went into liquidation last year, and Buffelsfontein, which the group is closing, Swanepoel is accused of torpedoing mines that could have been kept alive.

But the economics tell a different story. Keeping Buffels and Blyvoor alive nearly sank Village.

The decision to stop funding Blyvoor — where production was hit by an earthquake and illegal strikes — led to a R489-million impairment last year.

Buffels reported a cash operating loss of R80-million for the two quarters before Village decided to shut the mine. Village has a market capitalisation of about R427-million.
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http://www.bdlive.co.za/businesstimes/2014/09/07/catastrophe-looms-as-mines-are-left-in-the-dumps

Khulubuse Zuma shifts Aurora blame

Let see what the fat pig say

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Johannesburg - A major player behind Aurora’s ticking time bomb has disassociated himself from the messy mining affair that has left hundreds of mineworkers destitute and living in squalor.

As liquidators pushed ahead in Pretoria on Monday with a R1.7 billion claim against mining company Aurora Empowerment Systems’ insolvent estate, President Jacob Zuma’s nephew Khulubuse distanced himself from the saga that saw the once-promising mine left to rot, stripped of its assets and flooded by acid mine water.

Aurora Empowerment Systems is the parent company appointed by Pamodzi liquidators to manage the Springs and Orkney mines.

“My role as the director of Aurora was that of a non-executive chairperson. I was therefore not responsible for the day-to-day management and running affairs of Aurora,” said Khulubuse.
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http://www.iol.co.za/news/crime-courts/khulubuse-zuma-shifts-aurora-blame-1.1740915#.VOKBovmUd8E


http://www.iol.co.za/business/companies/grootvlei-mine-now-stands-in-ruins-1.1075667#.VOKCVPmUd8E

Grootvlei mine now stands in ruins

In the beginning there was a gold mine and wonderful plans for riches. Today there are just ruins.

All that remains of the seven mine shafts of Aurora Empowerment Systems – which once employed more than 5 000 mine workers – are dilapidated structures, some stripped of all their equipment and others that have sustained damage worth hundreds of millions of rands.

The rubble and gaping useless shafts of the Grootvlei mine in Springs bear witness to a shameful tale of mismanagement, exploitation and negligence.

This week the end of the painful saga edged closer as officials from Chinese state-owned mining company Shandong Gold arrived in South Africa to conduct a due diligence inspection before committing an estimated $100 million (R699m) for a 60 percent stake in Aurora.

But damage resulting from the looting of scrap metal and machinery, mean it is unlikely that the shafts will ever work again.
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Not even the chinese, your future masters, wanted to invest in the local Fcup's

So yeah I see you point! :p

Big mouth's are talking BS again I see.

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Let's not even mention the hospitals, police, education, public services....the list is endless.
 
Didn't Anglo-American want to shut down like 20 mines in South Africa recently and goverment had to go to the negotiation table to keep them open?
 
mmmig said:
Didn't Anglo-American want to shut down like 20 mines in South Africa recently and goverment had to go to the negotiation table to keep them open?
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Anglo were considering various options for marginal platinum mines in North West region. 1. Closure 2. Care & Maintenance and 3. Selling.

They were negotiating with government because whatever decision they take, they must consult with government according to the mining law.

Shutting down a mine means Option 2 : Care and Maintenance. Only Union mine was in consideration for shut down. They wish to sell the other operations. Mine Closure is costly and long.
 
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ZCFOutkast said:
We will chuck Anglo out of this country empty-handed if they want to be foolish.
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Of course you would. Who the hell cares about justice, eh. Just ride roughshod over other people, their property, and their livelihood when they don't conform to the chief's whim.

That thinking is another reason why much of Africa remains backward and undeveloped. And will, until justice prevails. The root of that justice requires that property rights be secure, even against the caprice of the chief.
 
Arthur said:
Who the hell cares about justice, eh. Just ride roughshod over other people, their property, and their livelihood when they don't conform to the chief's whim. That thinking is another reason why much of Africa remains backward and undeveloped. And will, until justice prevails. The root of that justice requires that property rights be secure, even against the caprice of the chief.
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At want date do you propose that "justice" starts to be practiced and why?
 
ZCFOutkast said:
We will chuck Anglo out of this country empty-handed if they want to be foolish. People think SA is made up of puss*es neh! They go to Zim and sign deals which screw them but cry foul here in SA. Anglo must comply or create space for those who will. Plenty of takers out there.
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Are you high on something? Do you have any idea what it would cost the Government to cancel those rights? Anglo will make billions off the Government if they cancel these rights. They would not have agreed to the rights without their investment being protected. Meaning. There would be a clause to say if Government cancels it they will have to pay X amount which would include items such as set up costs, calculated profit for y amount of years and other things. You and rsa are completely drunk :D
 
Pitbull said:
Are you high on something? Do you have any idea what it would cost the Government to cancel those rights? Anglo will make billions off the Government if they cancel these rights. They would not have agreed to the rights without their investment being protected. Meaning. There would be a clause to say if Government cancels it they will have to pay X amount which would include items such as set up costs, calculated profit for y amount of years and other things. You and rsa are completely drunk :D
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Who would lobby the gvt to pay them or honour those billions? The DA? Judiciary - who would somehow be able to justify this constitutionally in our poor country? Forget it! Anglo etc would know they won't receive a single cent. It's almost as if you guys are not aware that even the ANC has come to realise the EFF is right. Land issue won;t be solved by this willing-buyer-willing-seller compensated by gvt. Don't be surprised to wake up one morning of 2017/18, in view of campaigns for 2019 elections, and read some coalition has amended the constitution and there won;t be compensation for any expropriation. ANC is in a tight corner and they fully well that compromise is they only way out.
 
ZCFOutkast said:
Who would lobby the gvt to pay them or honour those billions? The DA? Judiciary - who would somehow be able to justify this constitutionally in our poor country? Forget it! Anglo etc would know they won't receive a single cent. It's almost as if you guys are not aware that even the ANC has come to realise the EFF is right. Land issue won;t be solved in this willing-buyer-willing-seller compensated by gvt. Don't be surprised to wake up one morning of 2017/18, in view of campaigns for 2019 elections, and read some coalition has amended the constitution and there won;t be compensation for any expropriation. ANC is in a tight corner and they fully well that compromise is they only way out.
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We have a working court system. Government will pay. Or they can't revoke the license. Remember the Kumba debacle? Who won that? :p.
 
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