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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (21054)	6/9/2008 12:49:22 AM
From: aknahow	Respond to of 194204

Let me admit, I had not seen the previous coverage. The disaster is probably not that big a deal if one is concerned with impact on metal prices. Even so Ni seems like it will be impacted. World production of gold, if the plant is down for 3 months will at the very most result in a 1% decline. Still at the margin a decline in annual production from one area of the world added to supply problems in other areas should be positive for the pog. Bottom line, the state of Western Australia losing 30% of its power supply is a big deal. The easy answer might have been some other source of power will replace the lost gas and now reality is sinking in that there probably is not enough diesel fuel or alternative gas supplies to really make the explosion a non issue. When a company says it will take months not weeks I think it may take at least a year. <g>