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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (14862)	7/27/2003 5:24:47 PM
From: jrhana	Respond to of 39344

USD is the most important factor quotes.ino.com The South African Miners may have a little blip up tomorrow But the real question is who blinked here in the game of chicken? A large part of South African miners profitability is based on their ability to pay near slave wages-those days are drawing slowly to an end. <There is no reason to go on strike. All our demands have been met," National Union of Mineworkers (NUM) General Secretary Gwede Mantashe told a news conference..... Mine owners have argued they can ill afford higher labour charges, which make up around half of gold production costs, especially at a time the strong rand has depressed revenue from gold, which is sold in dollars.> www2.marketwatch.com; Future and present royalty bills will also be taking their toll.