News

February 04, 2010

Diary Of A Private Investor At Indaba: Interest Aplenty In Gold, Coal, And Iron Ore

By Susie Boeckmann

On day one the crowds pouring in and the South African Minister of Mines, Susan Shabangu, opened with a speech saying that mining companies would “not be nationalised in her lifetime”, but said she would not oppose the proposed 35 per cent increase in Eskom’s electricity charges as this is necessary to upgrade and improve power in S.A. over the coming years.

In the exhibition hall it was noted that there were more service companies than mining companies with booths. Many mining companies are holding meetings all around town so they can remain flexible and confidence prevails, with many private service companies commenting that the phones are now ringing regularly and business is moving, in spite of worries about China and America.
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Chalice Gold Mines is making good progress in Eritrea and own 80 per cent of operating company Sub...