PaulM, <<"shadow" officials...if Tories elected...have no power>>
cerio.com
Sunday, July 11, 1999 Published at 18:25 GMT 19:25 UK
Business: The Economy, Gold protest set to grow
South African gold-mine owners are urging colleagues from other African
nations to join them in a mass protest visit to the UK.
They are furious at the British government's sale of its gold reserves,
which began last week and saw gold prices hit 20-year lows.
Gold mine union leaders joined forces with government representatives to
travel to the UK to lobby against the sell-off.
They had planned to arrive on Sunday, but postponed the trip to recruit
counterparts from other countries in the continent.
Already, Zambia and Tanzania have agreed to join the delegation.
Gold is South Africa's largest earner of foreign currency and about
300,000 miners are employed in the industry.
The South African Chamber of Mines warned that 80,000 workers in the
third world could lose their jobs.
As the gold was sold, East Rand Proprietary mines closed down. With them
went 5,000 miners and 106 years of history.
Huge protests
Two thousand miners protested at the British High Commission in
Pretoria, while thousands signed a petition calling for a halt to the
sale.
Another petition will be presented from the World Gold Council with
15,000 names.
The Pretoria government fears the economic uplift across the whole of
southern Africa will be affected.
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