WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2010-09-09 Time: 17:00:03 Posted By: News Poster
By Roy Downing and Allan Seaccombe
Johannesburg – Mining production dropped 1% in July 2010, compared with July 2009, according to data released by Statistics South Africa (StatsSA).
Those figures were released by StatsSA a day after LONMIN CEO Ian Farmer urged Mineral Resources Minister Susan Shabangu to show strong leadership to help settle investors’ nerves and reverse the damage done to SA’s mining industry by a blend of ambiguous laws, empowerment demands and a vague Mining Charter.
The latest stats come after a 4,9% year-on-year (y/y) decline in June 2010.
Data indicated that for the three months ended July 2010 mining production decreased 4,9% compared with three months ended April 2010.
Despite South Africa’s previously eminent role in Gold production, the stats for July indicate that the small increase is mainly due to a jump in iron ore sales.
These increased 7,2% of R4,8bn.
Gold didn’t completely disappoint, rising 4,9% or R3,3bn.
At a Gordon Institute of Business Science forum last night, it became clear that the regulatory environment must change to give investors and mining firms confidence in SA as a business destination and contribute towards the transformation of the sector.
This is important given the strident calls from factions in the African National Congress and its alliance partners for greater state involvement in mining to ensure benefits are more widely felt.
Mr Farmer and Peter Leon, a mining regulations expert at the law firm Webber Wentzel, both criticised the regulatory environment for holding back the mining sector. They listed ambiguities and gaps in the Mineral and Petroleum Resources Development Act and a lack of administrative capacity.
For the June quarter 2010, the total value of mineral sales at current prices increased 8,2% or R4,5bn compared with the March quarter 2010.
Original Source: 
Original date published: 9 September 2010
Source: http://allafrica.com/stories/201009090937.html?viewall=1