CHART: SHOCKING DROP: South African Mining output drops the most in 39 years on lockdown! – Good for Gold? – My Comments
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[This might be good for Gold though. Normally, less mining output is good for gold. Jan]South African mining output dropped the most since at least 1981 in April, when the first full month of restrictions to curb the spread of the coronavirus pandemic brought almost all economic activity to a halt.
Total production decreased 47.3% from a year earlier, compared with an 18% decrease in March, the Pretoria-based Statistics South Africa said on its website Thursday. The median estimate of four economists in a Bloomberg survey was for a contraction of 59.4%. Output fell 34.1% in the month.
Key Insights
- The production of platinum-group metals fell 62% from a year earlier, gold output dropped 59.6% and iron ore fell 68.7%.
- While South Africa started easing lockdown measures from May 1, mining companies were allowed to resume some operations with half their workforce from the middle of April. They could return operations to full capacity at the beginning of June.
- Disruptions due to the virus could curb total output by about 10% this year, according to industry lobby group, the Minerals Council of South Africa.
- Source: https://www.moneyweb.co.za/news-fast-news/mining-output-drops-most-in-39-years-on-lockdown/
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Ten Years After Apartheid (1994-2004): The Raw Facts
This is an article I wrote in 2004, exactly 10 years after hideous Black rule descended upon us. In here are lots of statistics and short bullet points showing the nightmare that South Africa had descended to under Black Communist rule.
Ten Years After Apartheid (1994-2004): The Raw Facts
This is an article I wrote in 2004, exactly 10 years after hideous Black rule descended upon us. In here are lots of statistics and short bullet points showing the nightmare that South Africa had descended to under Black Communist rule.
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This is a classic pamphlet that was written decades ago. This was one of the first serious attempts to question the Jewish holocaust claims of WW2. The German Ernst Zundel went to jail for printing this small book in Canada! Zundel did not write this. This was written by someone in Europe. The original questioning of the Jewish holocaust began in Europe. It was a French professor who had been in a Concentration Camp during WW2 who realised that Jews were making claims that were not true. That is how people slowly began to question the Jewish holocaust story.
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This is a classic pamphlet that was written decades ago. This was one of the first serious attempts to question the Jewish holocaust claims of WW2. The German Ernst Zundel went to jail for printing this small book in Canada! Zundel did not write this. This was written by someone in Europe. The original questioning of the Jewish holocaust began in Europe. It was a French professor who had been in a Concentration Camp during WW2 who realised that Jews were making claims that were not true. That is how people slowly began to question the Jewish holocaust story.
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S.Africa: Black Efficiency: Post Office delivers package 13 years late
A White Family in S.Africa had this crazy experience! The Post Office is worthless. It was bankrupt recently ... AGAIN!
S.Africa: Black Efficiency: Post Office delivers package 13 years late
A White Family in S.Africa had this crazy experience! The Post Office is worthless. It was bankrupt recently ... AGAIN!
