Gold is here to stay and with HARMONY mining in Papua New Guinea where the costs of mining gold are around $350 per ounce,this one new mine to watch out for.
Platinim is also on the march as the world starts to recover .Read the full reports in early may on http://www.sashares2010.blogspot.com/
The next great chase is on
There is a word wide scramble to find LITHIUM,used in electric cars,computers etc.Over a hundred companies are taking part.Lithium is found in clays and brine.
The COAL price has almost reached $100 per tonne FOB at Richards coal terminal.This is the first time for about a year that it has gone to this price.India and China is now taking 50% of our export coal.Europe is becoming worried about the future as they might NOT be able to get enough supplies in three months time to build up stocks for their next winter.
Saturday, April 24, 2010
Thursday, April 8, 2010
April update
Both Mick Davis of Xstrata and Cynthia Carrol of Anglo have now issued statements that there can be no further expansuion of mining in South Africa unless the authorities take action to increase te supply of electricty.
Anglo has taken the additional steps of looking into the possibility of setting up their own power station to add at least another 30 % to the amount of electricty they already have at their disposal.
Go also to the sashares2010 blogspot for the latest news
Today 9/4/2010 Escom got its 4 billion loan from the world bank to build its coal electricty generating powerstation.There were many reservations but as its going to be a cleaner burning power station along the lines of those at presently being erected in America,those opposing on those grounds really have not got a case.
Anglo has taken the additional steps of looking into the possibility of setting up their own power station to add at least another 30 % to the amount of electricty they already have at their disposal.
Go also to the sashares2010 blogspot for the latest news
Today 9/4/2010 Escom got its 4 billion loan from the world bank to build its coal electricty generating powerstation.There were many reservations but as its going to be a cleaner burning power station along the lines of those at presently being erected in America,those opposing on those grounds really have not got a case.
Wednesday, March 24, 2010
March
China has not the same out look as the rest of the world,when it comes to its mineral resources.
Although its the largest producer of gold at the moment,it really cares little about its production,but jealously guards its base and industrial minerals.Any western mineral miner can get a permit to mine gold there and has some freedom as to where it decides to sell its production,but when it comes to the base metal category itis almost impossible to get a permit.The Chinese believe that that asset is best left in the ground.That is why they are now expandng outwards world wide and buying up all those mineral assets as then they will have their own in reserve.
Another fallacy is that they need our know how to succeed at mining.This is simply not so,as they have been mining for two thousand years and when they need to know exactly how to mine.
Become a follower of mine on Twitter,then choose those twitterers that suit you the best of my followeres and those I follow to supply you with the best news and interests out there my twitter address is http://www.twitter.com/naomibarry
Simon has just sent me on twitter an update from JSE DIRECT also I follow CLIVESIMKINS and ALEX HOGG
Although its the largest producer of gold at the moment,it really cares little about its production,but jealously guards its base and industrial minerals.Any western mineral miner can get a permit to mine gold there and has some freedom as to where it decides to sell its production,but when it comes to the base metal category itis almost impossible to get a permit.The Chinese believe that that asset is best left in the ground.That is why they are now expandng outwards world wide and buying up all those mineral assets as then they will have their own in reserve.
Another fallacy is that they need our know how to succeed at mining.This is simply not so,as they have been mining for two thousand years and when they need to know exactly how to mine.
Become a follower of mine on Twitter,then choose those twitterers that suit you the best of my followeres and those I follow to supply you with the best news and interests out there my twitter address is http://www.twitter.com/naomibarry
Simon has just sent me on twitter an update from JSE DIRECT also I follow CLIVESIMKINS and ALEX HOGG
Thursday, March 18, 2010
Update
Sake24 is taking Escom to court to force it to give its very secretive deal it originally had in the nineties with Richards Bay Aliminium smelter out to the press as conditions have vastly changed since then.
It is rumoured that Escom is supplying electricity at under cost price to the smelters.It is also rumoured that if we don't supply the smelters at all we won't have an electricty crisis,if fact we shall have a surplass of electricty.
It is rumoured that Escom is supplying electricity at under cost price to the smelters.It is also rumoured that if we don't supply the smelters at all we won't have an electricty crisis,if fact we shall have a surplass of electricty.
Monday, March 15, 2010
Update March
South Africa has fallen to fourth spot in gold production ,behind China Australia and America.
The electricty shortage in 2008 and the rising cost of production as our mines become older and deeper also weighed upon production.
Then there is a general policy in South Africa to mine the lower grade ore bodies when the price of gold rises and this is now the case.When the price falls again then the better ore bodies are mined,this is done to give continuity to mining as it is cheaper than to close mines every time the price falls.
There is expected to be a shortage in supplies of platinum in particular and in all PGMs in general during this year as the curtaling of production kicks in.The situation will probably only ease in a couple of years time as there is likely to be an increasing demand as the world recovers from the recession.
Go to the sashare2010 blogspot for twice monthly updates.
The electricty shortage in 2008 and the rising cost of production as our mines become older and deeper also weighed upon production.
Then there is a general policy in South Africa to mine the lower grade ore bodies when the price of gold rises and this is now the case.When the price falls again then the better ore bodies are mined,this is done to give continuity to mining as it is cheaper than to close mines every time the price falls.
There is expected to be a shortage in supplies of platinum in particular and in all PGMs in general during this year as the curtaling of production kicks in.The situation will probably only ease in a couple of years time as there is likely to be an increasing demand as the world recovers from the recession.
Go to the sashare2010 blogspot for twice monthly updates.
Tuesday, March 9, 2010
Update March
The Nasdaq has reached its highest point in eighteen months,since its loaded with technology shares ,it might be a good place look at shares for the future.
The gold price may be running out of steam,although there is still a small upward bias in the price.
The gold mines share prices have not picked up really since the start of this year and at best the ir prices are churning.
GOLD ETF's (EXCHANGE TRADED FUNDS) are holding up quite well .They were in part responsible for the price of gold taking off. Now there is worry that as it becomes obvious that the recession is behind us there will be a huge sell-off causing the GOLD PRICE TO TUMBLE.
South Africa - 1982 Krugerrand 1/10 Oz. Gold Coin
If you feel that you would like to hold something in gold,there are always coins that have an intrinsic value other than just being a metal hoarding exercise.Their specific history,condition and amount minted ,design also play a part.American Eagles Coins,South African Krugerrands Coins a re the best known and easiest to trade.
The gold price may be running out of steam,although there is still a small upward bias in the price.
The gold mines share prices have not picked up really since the start of this year and at best the ir prices are churning.
GOLD ETF's (EXCHANGE TRADED FUNDS) are holding up quite well .They were in part responsible for the price of gold taking off. Now there is worry that as it becomes obvious that the recession is behind us there will be a huge sell-off causing the GOLD PRICE TO TUMBLE.
South Africa - 1982 Krugerrand 1/10 Oz. Gold Coin
If you feel that you would like to hold something in gold,there are always coins that have an intrinsic value other than just being a metal hoarding exercise.Their specific history,condition and amount minted ,design also play a part.American Eagles Coins,South African Krugerrands Coins a re the best known and easiest to trade.
Monday, February 22, 2010
March 2010
Unique Stock Exchange Trading Ideas
Cnythia Carol the CEO of Anglo is taking a stronger line with the South African government and has told them there will be no expansion in production unless they make available another 10% above the capacity that was normal before last years cuts,on a permanent basis. Last year all mines were told to cut their electricity usage by 10% causing a great loss of revenue as no expansion could take place.
On another subject note that the FTSE index and the South African ALSI index follow an almost identical course ,with minor divergances only.
Mini Update 2March
The price of IRON ORE is expected to almost double during the next 18 months and this demand is expected in EUROPE and THE AMERICAS . CHINESE DEMAND IS ALSO LIKELY TO INCREASE BUT AT A SLOWER PACE.
I hope Kumba knows what its doing when it breaks the contract to supply Mittal how ever unfair it might be.This issue should be fought in the courts. Imagine what a place the world would be if we were all able to break any contracts we don't like!
Followers can use their blog to e-mail us direct and then we shall reply,just say wether the blog is for Naomi or Barry or e-mail us direct on bvbgerard46@gmail.com
Go to http://www.sashares2010.blogspot.com/ for the March update important updates on platinum group metals.
Cnythia Carol the CEO of Anglo is taking a stronger line with the South African government and has told them there will be no expansion in production unless they make available another 10% above the capacity that was normal before last years cuts,on a permanent basis. Last year all mines were told to cut their electricity usage by 10% causing a great loss of revenue as no expansion could take place.
On another subject note that the FTSE index and the South African ALSI index follow an almost identical course ,with minor divergances only.
Mini Update 2March
The price of IRON ORE is expected to almost double during the next 18 months and this demand is expected in EUROPE and THE AMERICAS . CHINESE DEMAND IS ALSO LIKELY TO INCREASE BUT AT A SLOWER PACE.
I hope Kumba knows what its doing when it breaks the contract to supply Mittal how ever unfair it might be.This issue should be fought in the courts. Imagine what a place the world would be if we were all able to break any contracts we don't like!
Followers can use their blog to e-mail us direct and then we shall reply,just say wether the blog is for Naomi or Barry or e-mail us direct on bvbgerard46@gmail.com
Go to http://www.sashares2010.blogspot.com/ for the March update important updates on platinum group metals.
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