MON 0.00% 29.5¢ monarch gold mining company limited

National state of emergency ": South Africa places gold...

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    National state of emergency ": South Africa places gold dismantling to 25.01.2008 | a 14:27 | (DiePresse.com) Problems during the current supply force the South African gold producers to the step. The shortage due to it drives the gold price on a new record high. The three largest gold producers as well as the world-wide largest platinum manufacturer stopped their dismantling on Friday in South Africa because of problems during the current supply. The government of the country called the crisis during the electricity production a national state of emergency. "river only to the emergency supply" AngloGold Ashanti, gold Fields and Harmony gold Mining communicated, it by the South African current company to Eskom were informed that the national enterprise could not guarantee the supply. "we have river only to the emergency supply to run", quote the South African newspaper "Business Day" AngloGold speaker Steve Lenahan. Unclear is therefore also, when production can be taken up again. Harmony gold boss Graham briggs again does not believe in a rapid solution. He is afraid a loss of approximately 300 kilograms of gold, which per day now cannot be promoted. Also with the world largest platinum producer Anglo Platinum stands still everything. "we do not know, like for a long time that will last", say speaker Trevor Raymond also here. South Africa: Gold important restaurant factor the gold mining constitutes well five per cent of of South Africa according to a report of the German press agency of dpa gross domestic product. In year 2006 the economy of the country had grown by 5,4 per cent. Experts fear however that growth could weaken itself due to the current crisis. Eskom had to limit the current supply in the past two weeks, since the national controlled enterprise was not able, to cover the electricity need from companies and inhabitants to.
 
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