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The Mining Industry Is Terrified By The Rise Of South Africa's Julius Malema
Business Insider ^ | Apr. 8, 2010 | Gregory White |

Posted on 04/08/2010 10:07:42 PM PDT by george76

Julius Malema ...fresh off of a meeting with Zimbabwean President Robert Mugabe, has said he will follow his neighbors policy of land seizure...

And, most concerning to foreign investors, he has called for the nationalization of South Africa's mines.

South Africa's mining industry produced 11% of the world's gold, 80% of the world's platinum, and 40% of the world's palladium in 2007.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: africa; gold; juliusmalema; malema; mining; mugabe; palladium; platinum; robertmugabe; southafrica; zimbabwe

1 posted on 04/08/2010 10:07:42 PM PDT by george76
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To: george76

I suspect miners in Australia and South America will be rubbing their hands together in glee at the thought of the Mugabe reform plan applied to South African mining.


2 posted on 04/08/2010 10:13:47 PM PDT by B.Lyle
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To: george76
he has called for the nationalization of South Africa's mines.

South Africa's mining industry produced 11% of the world's gold, 80% of the world's platinum, and 40% of the world's palladium in 2007.

And after nationalization, South Africa's mining industy will produce 1% of the world's gold, 8% of the world's platinum and 4% of the world's palladium.

3 posted on 04/08/2010 10:16:02 PM PDT by mlocher (USA is a sovereign nation)
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To: mlocher

Oh...

I wonder if China will be pleased? hahahahaha


4 posted on 04/08/2010 10:19:55 PM PDT by Irenic
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To: mlocher; knittnmom

Precious metals are going to skyrocket. Platinum the most. We should have an investors’ ping list.


5 posted on 04/08/2010 10:20:07 PM PDT by Ellendra (Can't starve us out, and you can't make us run. . . -Hank Jr.)
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To: george76

The Chavez solution. Production in SA has been declining for years. Therefore nationalise it. Watch production decline further.


6 posted on 04/08/2010 10:21:17 PM PDT by spyone (ridiculum)
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To: B.Lyle

Now watch the social conditions and suffering in South Africa accelerate. With sound socio-political-economic advice from Mugabe the outcome will be the same.

The mines? Will be like the farms. Foreign exchange? Commerce? trade? All the way of the do do bird.


7 posted on 04/08/2010 10:21:59 PM PDT by himno hero
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To: Ellendra

I am not so sure. Obama will be soon handing out free gold coins and platinum bars to the underprivileged.


8 posted on 04/08/2010 10:25:52 PM PDT by mlocher (USA is a sovereign nation)
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To: Irenic

The world will be better off once China takes over South Africa.


9 posted on 04/08/2010 10:27:02 PM PDT by MinorityRepublican
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To: himno hero

He will be abu bama’s newest hero. After himself, of course.
Mirror, mirror on the wall...


10 posted on 04/08/2010 10:28:19 PM PDT by MestaMachine (http://www.freerepublic.com/focus/f-news/2426869/posts SUPPORT RINO FREE AMERICA)
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To: george76

“South Africa’s mining industry produced 11% of the world’s gold, 80% of the world’s platinum, and 40% of the world’s palladium in 2007.”

Africa has much wealth but they live like savages.


11 posted on 04/08/2010 10:29:13 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: george76
I am skeptical as to how terrified they really are of him since the mining industry bankrolls the ANC regime. The folks who are MOST terrified of this thug are White farmers & the Boer people & even White people in general as he is notorious for singing a song about killing the Boers & killing the farmers - not necessarily one & the same as most Boers have urbanized since the 1930s. Former White Separatist tinged Boer Republican Eugene Terre'Blanche was killed brutally this past Saturday amid escalating ant-Boer rhetoric. The Boer people established their own republics during the 19th cent [ long after branching off & trekking away from the Cape Dutch Afrikaners during the 17th cent ] which were conquered by the British after they killed off 50 % of the Boer child population in the infamous concentration camps they employed as a desperate measure at concluding the war. The Boers were subjugated during the Apartheid era during the rise of the Afrikaner Nationalists [ which was a Cape Dutch - Boer coalition but as the Boers are the smaller segment of the Afrikaner designation they were marginalized under the coalition ] & the Afrikaner establishment repeatedly prevented the Boers from reclaiming their old Boer Republics as they did not want them to scupper their position within the South African macro State dispensation.
12 posted on 04/08/2010 10:29:28 PM PDT by Republic_of_Secession.
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To: B.Lyle

I know one Australian company that will not be too pleased. Minelab makes the premier gold metal detector in the world and their top of the line detector is currently selling at 150% retail on the used market. $6000.


13 posted on 04/08/2010 10:37:47 PM PDT by pennyfarmer (Your Socialist Beat our Liberal)
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To: nmh
Africa has much wealth but they the current governments FORCE the (other tribal) citizens to live like savages.

Clarified it. Slightly.

14 posted on 04/08/2010 10:38:49 PM PDT by Don W (I only keep certain folks' numbers in my 'phone so I know NOT to answer when they call)
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To: Don W

“Africa has much wealth but they the current governments FORCE the (other tribal) citizens to live like savages.
Clarified it. Slightly.”

Aren’t you happy the apartheid is over and all those nasty white people are being terrorized?


15 posted on 04/08/2010 10:42:03 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: nmh

Had a South African refugee for a neighbour. He was a truly kind, intelligent and wise (to me, anyway) man.

He told me that what was once named “The Dark Continent” would renew its title.

As a skeptical young man, I scoffed at his assertion that socialism would destroy what freedom had brought the benighted of Africa.

How wrong was I?


16 posted on 04/09/2010 12:20:39 AM PDT by Don W (I only keep certain folks' numbers in my 'phone so I know NOT to answer when they call)
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To: All; TigerLikesRooster; blam; PA Engineer

goldbug ping

Mail me to get on or off the Free Republic Goldbug Ping List


17 posted on 04/09/2010 4:16:30 AM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: Don W

“How wrong was I?”
//////////////////////////////////////////////////////////////

How wrong could you be?


18 posted on 04/09/2010 4:38:26 AM PDT by RipSawyer (Trying to reason with a leftist is like trying to catch sunshine in a fish net at midnight.)
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To: nmh

.....but they live like savages......

That would be noble savages.

Ignorance is bliss.

With a growing absence of civilizing restraints America is descending to that level. The inner cities occupied by feral blacks have nearly achieved that goal.


19 posted on 04/09/2010 4:43:00 AM PDT by bert (K.E. N.P. +12 . Ostracize Democrats. There can be no Democrat friends.)
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To: george76

Another racist black Hitler coming into power.

At the 2003 UN Sustainability Development conference in Pretoria, an economist took a survey of citizens living in South Africa’s shantytowns. The survey found that the two freedoms residents wanted most were the rule of law and private property.

SA has a core group of patriots that can bring freedom to SA. They need to be armed and trained to bring it about.


20 posted on 04/09/2010 5:50:28 AM PDT by sergeantdave
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To: george76

Unfortunately...the civilized, productive and intelligent...are going to need to learn to recognize the feral and destructive in and amongst themselves...and deal with it...before being dealt with....


21 posted on 04/09/2010 5:56:05 AM PDT by mo
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To: bert

“With a growing absence of civilizing restraints America is descending to that level. The inner cities occupied by feral blacks have nearly achieved that goal.”

We are heading in that direction.


22 posted on 04/09/2010 7:15:43 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: Don W
What I can tell you is this ... we are puling our daughter out of a private school where there are many from Africa. The kids are like savages. The parents are die hard Obama people. Every single one of them has behavioral issues ... and a chip on the shoulder about their skin color. They are down right dangerous. They are uncouth.

While I am sure there maybe some civilized, decent ones ... they are not present in her school and dragging the school down with their double standards. I am not kidding you in what I say.

23 posted on 04/09/2010 7:18:42 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: Irenic; Black Agnes

Soon to be under Chinese management. Expect the Chinese Navy and Air Forces to have major bases in under 5 years.


24 posted on 04/09/2010 7:23:51 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: Travis McGee

I think the Chinese are already planning the takeover. All that rich farmland, space, exotic animals; they’ll live like emperors and I don’t think they’ll be PC in protecting themselves or their children.


25 posted on 04/11/2010 5:30:44 PM PDT by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Niuhuru
I've been saying for a while that I expect China to move in, and treat the native Africans like the early United States treated the Native Americans.

They'll just buy off the leaders of the government there to allow them to bring in a few million Chinese. Chinese peasants will be lured to go to Africa with a promise of exemption from the one-child policy.

The black Africans will be subject to ethnic cleansing.

26 posted on 04/11/2010 5:37:17 PM PDT by PapaBear3625 (Public healthcare looks like it will work as well as public housing did.)
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To: PapaBear3625

already happening...


27 posted on 04/11/2010 5:39:05 PM PDT by WVKayaker ( Ridicule is the best test of truth. - Philip Dormer Shanhope, Lord Chesterfield)
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To: PapaBear3625

I’d have to say that the Chinese will likely deal with the dictators with the dictators in the position of tributary inferior, not and never equal. They know how to play the colonial game, heaven knows they had it done to them by the European powers.

Not just exemption from only one child, but the ability to own acres and acres and acres of land and have it all their own. Be the influential landowner.

“The black Africans will be subject to ethnic cleansing.”

I don’t think they realize it. I don’t think they realize that once all the whites are driven out or dead, that they will leave a vaccumm that the Chinese will be eager to fill. And then of course, the Chinese won’t care at all about public/world opinion in their dealings.

Of course, the PLA will have troops stationed there to protect their colonials. Chances are members of the PLA and their families will be the ones owning the land.


28 posted on 04/11/2010 5:56:47 PM PDT by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: WVKayaker

Seriously?


29 posted on 04/11/2010 5:57:13 PM PDT by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Niuhuru
The Chinese are in charge of lots of mines and other operation already, and they treat the Africans like dogs. Actually, dogs probably get treated better!

Here's one example...

30 posted on 04/11/2010 6:10:43 PM PDT by WVKayaker ( Ridicule is the best test of truth. - Philip Dormer Shanhope, Lord Chesterfield)
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To: WVKayaker

Horrible. Just horrible.


31 posted on 04/11/2010 6:27:15 PM PDT by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Niuhuru

Typical anywhere on earth, by many others besides the Chinese. It’s nothing new, just more of the same!
(See Native Americans, for more info!!!)


32 posted on 04/11/2010 6:34:58 PM PDT by WVKayaker ( Ridicule is the best test of truth. - Philip Dormer Shanhope, Lord Chesterfield)
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To: Irenic

Actually, it makes it easier for China and Russia to deal with...


33 posted on 04/14/2010 10:06:21 PM PDT by Thunder90 (Fighting for truth and the American way... http://citizensfortruthandtheamericanway.blogspot.com/)
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To: mlocher
And after nationalization, South Africa's mining industy will produce 1% of the world's gold, 8% of the world's platinum and 4% of the world's palladium.

You think it will be that high?

34 posted on 04/14/2010 10:57:09 PM PDT by sionnsar (IranAzadi|5yst3m 0wn3d-it's N0t Y0ur5:SONY|Remember Neda Agha-Soltan|TV--it's NOT news you can trust)
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To: george76
Another member of Anti-Western Inc.


35 posted on 04/14/2010 11:43:59 PM PDT by M. Espinola (Freedom is never "free")
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