Forget high rates of return- SA mining minister
Forget high rates of return- SA mining minister
A. SA mining minister is traditionally the most important of the VIPs
at the annual Mining Indaba. Whatever Ms Shabangu says is closely watched
by foreign and local investors in mining as they seek to discern
the government’s attitude to the industry and to investment.
Of course she tried to reassure the investment community
that South Africa is an attractive mining destination, blah blahh
But the more revealing words came in her welcome address
to a ministerial symposium the previous day, when Ms Shabangu told
investors, in effect, that they
"should not come here if they wanted to exploit us to earn high rates of return".
AMEN .. geeeesus I REST MY IVN CASE IN SA
This is most disturbing,
She was referring to whole Africa.
"... responsible investment on the continent, not based on exploitative principles
centred solely on expectations for unrealistic rates of returns that are disguised
on the principle of high risk-high return."
SO,HIGH RISK AND "MIDGET " ROI
(like most platinum mines in last couple of years )
lool
================
B. The body charged with determining your ROI is called
MIDGET (mining industry growth and development task team)
loooool
C . The theme of the 2014 Alternative Mining Indaba is
“Our Resources.(=NOT YOURS)
Our Future. (+ NOT YOURS )
Putting Local People First.” (=NOT YOU)
D. Outlook gloomy for SA's mining sector on eve of Indaba
Parliament is considering changes to the act that will enable mineral
resources minister Susan Shabangu to control the exports of certain minerals.
and increase ministerial discretion over how the industry operates
Among the mining industry’s key concerns are those proposed amendments
that would allow the minister to declare certain minerals "strategic".
This could potentially limit their export and could lead to
them being sold at below-market prices to local users.
No transparent method or formula for this has been laid out in the bill.
The theme about gov owning / controlling "strategic minerals"
( like platinum for SA ) is rising in countries all over the world
"It’s a form of resource nationalism," Mr Leon said.
===============
E. On top of ,the extremely "investment unfriendly" labour environment
, there are also many questions about the upcoming national elections
and the implications for the mining sector of all the various political permutations
that could occur – and, particularly, whether or not the
dreaded spectre that is nationalization will be resurrected.
. If ANC can elect a person as president who has always appeared unable
to constrain his appetites for the goodies that powerful political office can bring,
and if the state security agencies, the criminal justice system and the oversight
mechanism of the Constitution seem unable to bring him to account
because the ruling party and his Cabinet are protecting him,
THEN THERE IS RISK EVERYWHERE .
Financial markets cope with risk by pricing it adequately
. When the risk cannot be estimated it has to be given
THE HIGHEST POSSIBLE PREMIUM
.
Can investors rely on consistency and protection of the law,
the Constitution and the criminal justice system when
in South African equities, bonds, currency and the financial instruments ?
We're can not take anymore uncertainty," he said.
Magnify that question by thousand for DRC and Mongolia
======================
E. Plunging ANC support , economic crisis , corrupt ( not only) president
currency devaluation. rising rapidly interest rates, rising inequties
and labor unrest ( massive strikes in gold mining are next )
is pushing panicked gov into populist measures, wealth redistribution
higher taxes etc (There is also a review of South Africa's tax system)
-= MIDGET RETURNS INDEED
=======
F. Even Friedland, instead of "golden city " ," platinum valley "
"biggest ( prodits for us ) in world" said on Indaba :
"However bleak some people think the outlook (for platinum) may look
in the short term, the growth prospects for the medium and long term
remain extremely positive,"
YEAH ..THE FUEL CELLS ....LIKE THIS ONE EH ?
https://finance.yahoo.com/q/bc?s=BLDP&t=my&l=off&z=l&q=l&c=
( isn't 18 y of developing both properties long term enough?)
Mr Friedland said it was clear the labour turmoil was disruptive
to industry and "quite unnerving" to many international investors.
( INSTEAD OF "TREASURE ISLAND " A HORROR MOVIE " in theatre near you " lol..
"it is common cause that the organised labour movement in South Africa
has historically been a political force so the current rumblings should come as no surprise".
"workers labouring in the deep underground mines certainly deserve better,
it is equally important for workers and their leaders to understand that mining
companies must make a profit or investors will not inject the billions
of dollars needed to find and build profitable mines"
"So, workers and union leaders need to carefully consider the impact
and consequences of their actions. What is required is responsible
leadership all around," he said.
BOB PRETTY SUBDUED , DIPLOMATIC, KISSING THE BOTTOMS OF ORDINARY PEOPLE ?
OF ALL PEOPLE BOB ??....GEEEESUS ...
... "the migrant labour system is extremely problematic and the solutions are not easy
. What we must be clear about is that the cycle of poverty from to one generation
to another is clearly unsustainable. "
WAIT A MINUTE ,... I SUPPOSED TO ATTEND INVESTOR CONFERENCE
..... ENDED UP IN A UNION MEETING INSTEAD GEEEUS
RF :"The South African government has shown its resolve to ensure that
the rule of law prevails, particularly from a policing point of view,
and that all sides respect the labour laws"
THERE YOU GO .. THE VERY SAME DAY BOB SPOKE
POLICE on Tuesday used stun grenades and rubber bullets
to disperse about 3,000 "violent" striking miners in the platinum belt.
"There must be a meeting of minds on the key issues affecting the mining industry."
THERE IS .." MIDGET " DOES MEETINGS FOR 16 YEARS NOW
WITH MIDGET RESULTS
WHILE MEETING OF WORKERS AND MINE OWNERS MINDS
LOOKS LIKE THIS :
---WORKERS DEMANDING 100% HIGHER WAGES
--OWNERS OFFERING 7% GEEESUS
-- WHILE RF SAID (THIS IS )"the most exciting and potentially
most rewarding place to be operating on our planet".
i AM CONFUSED .. THERE IS THOUSANDS OF POOR SUCKERS
HOLDING $$ MULTIBILION BAG WHO WERE LEAD TO BELIEVE
THAT THIS PLACE IS MONGOLIA
RF: said capital was "a coward", and fled when it encountered
difficult business and economic conditions.
"The only thing you know about the investment climate is that it will change
. Right now it's cloudy; not so good.
Money is fleeing emerging markets.
It’s running home to safer places,
but it will regain its courage and will come back," he said.
CORRECTION :
THE SMART MONEY DID THAT ="the idiots" according to RF
who don't believe in "supercycle forever "
THE HANDFUL OF BAGHOLDERS ,THE " TRQ/ IVN / IVAN /SGQ FOREVER"
GUYS HAVE NO MONEY LEFT TO FLEEE WITH
LOOOOOL
Altogether . I can not believe this is our Bob ...
Where is the hype ,parabola , self promotion ...
BTW HOW IS THE NEXT IVN DILUTION GOING = THE JSE LISTING?
THERE IS JUST COUPLE OF MONTHS LEFT FOR IVN TO RUN
OUT OF WORKING CAPITAL AGAIN
I SUGGEST 2 " RIGHTS OFFERING"
--for the bagholders and
-- human rights offering for the miners
(using the bagholders money )
.
And why, instead of putting his money into
"the most exciting and potentially most rewarding place on our planet"
he is nerwously diversiifying / swithcing into not only TOTALLY different
place - Ivanhoe Motion Pictures - but also place he knows little about.
.