SEE NAOMI'S RESOURCE UPDATE ABOVE
NAOMI SAYS SHE HAS NEVER SEEN THE MARKET SO OVER SOLD GO TO HER TECH ANALYSIS ABOVE FOR MORE INFO 19/11/2012
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The Gold mines are using collective bargaining which seems to be working for them,how ever the Platinum and Chrome mines in mostly North West ,Mupumalanga and Limpopo provinces are working towards this model,but are finding the going sticky.
I for one cannot see how this is going to work as there so many different types of mining procedure and richer on poorer ore bodies,opencast and tunnels etc.
The workers in these provinces as well as those coming from the Eastern Cape are highly politicised and seem to have a political agenda as well.There is a rumour that some of their basic needs are been seen to ,by elements unknown. The National Union of Mineworkers which is reconised held a meeting this week which was well attended,when rival organisions turned up armed to teeth half way through their meeting and tried to disrupt it.The police had their hands full keeping the two groups apart!
The platinum mines are now looking for various ways to save money as they are mostly working at a loss and raise money to carry on.
THE WORD MECHANISATION IS BEING BANDIED ABOUT.Let us not forget that about ten years ago Lonmin went ahead with such a scheme.At the time the other majors did not.Well it was an absolute flop as they lost out and made much less money at a time that platinum was thriving than their rivals .Some ore bodies of the platinum group are more than a thousand meters below ground!