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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: sea_urchin who wrote (63686)2/13/2001 11:40:40 PM
From: d:oug  Read Replies (1) of 116762
 
"South African gov't... in effect moving to state ownership of mineral rights."

Searle, Is this new & accurate news?
If so, then the riches of South Africa... well, if so then it looks like
you will soon "live in interesting times" in the place it's happening.
So, might that 1+1=2 hand-writing-on-the-wall now be visible,
as in these official words from the officials of the South African
government just be a polite way to say "We are not taking back
that which you have stolen from us since its gone, left the soil
of our nation, but we will obtain compensation from you who have
plundered our countries minerals by now saying that this nation
will now control how the minerals are mined from our land."

a.k.a. You foreigners can stay and continue to run these mines,
but we will decide where the riches obtained from this wealth
obtained from this nation's soil will go. Upfront first a majority
of that wealth will have a destination to put back what was taken
from this nation throught criminal corrupt immoral means."

What price can be put onto the suffering inflicted upon the citizens
of South Africa today caused by the wealth removed from them,
leaving their nation rich in mineral wealth to those in other nations
to live the good life while no medicine with extreme sickness
is the order of the day for South Africa, the nation with huge
riches of wealth leaving its land for the foreigners who have come
and taken it all away, leaving thousands of this nations youth
to waste away in sickness with no medicine little food and
living conditions to mirror the worst slums in those countries
that have taken the wealth for their own.

How can South Africa be the world's biggest producer of gold
and a major source of platinum, palladium, diamonds, coal
and other strategic minerals producing wealth not for its citizens
that have ownership of its nation's land? Not only has the wealth
been removed from this nation, but those who have taken it away
have done just the opposite of showing compassion and caring
and sympathy for the extreme hell like conditions of South Africians
by doing just the opposite so that this nation remains in chaos
and troubled and unable to do anything but fight each other
for survival. It has worked well, but the game may change
if this nation realizes that their continued poor ability to rules
themselves was initiated and continued by greedy foreigners
so that they could continue rape the nation.

From: "Josh Wright"
Date: Tue Feb 13, 2001
Subject: Mining companies won't lose mineral rights.
egroups.com

... Cape Town -
South Africa's Minister of Minerals and Energy,
Phumzile Mlambo-Ngcuka, said Tuesday that the country's
mining companies wouldn't lose their mineral rights as long as...

... forthcoming new mineral rights legislation...

... tenure of rights for 25 years was being considered.

"Any more than 25 years is illogical..."

... South African government wants to shift from private ownership of mineral rights
to a... policy and place custodianship of these rights with the state,
in effect moving to state ownership of mineral rights...

"... if not (consensus), then government will govern," she said.

She said the government hadn't closed its mind to giving compensation
to those companies that lost their mineral rights to the new
legislation...

"... but we must ask how those assets were acquired.
Maybe the state helped in the acquisition (of those rights)
and needs to be compensated," she said.

busrep.co.za

Josh Wright, egroups's GoldWorldNet Moderator
egroups.com
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