Re: Looking it Over
in response to
by
posted on
Apr 21, 2009 11:02AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
I agree. Good post old Joe. I am also wondering if Samancor's appearance may have somjething to do with the South African elections. Jacob Zuma apears the likely winner and he appears to have a checkered past. He has some association with the SA Communist party. This may be Samancor's way of saying that if you treat us badly in SA, we (i.e. Samancor) have other options. I took this from Wikipedia regarding the SA election to be held on April 22.
"African National Congress - ruling party
The African National Congress is currently the ruling party in parliament, having won 69.69% of the vote at the 2004 elections. Since then a number of internal changes have occurred, the primary one being the election of Jacob Zuma to the party presidency ahead of Thabo Mbeki at the 52nd National Conference of the African National Congress held on 18 December 2007.[5] Zuma's victory in the election was partly due to the wide degree of support for him from the ANC Youth League, the South African Communist Party and the Congress of South African Trade Unions.[citation needed]
Subsequent to this, in 2008 Zuma's ongoing corruption trial in relation to a multi-billion Rand arms deal was dismissed by the courts, which insinuated that Mbeki had unduly influenced the investigation into Zuma. In light of the court's findings, the ANC's National Executive Committee asked Mbeki to resign as president of the country, which he duly did on 20 September 2008.
Mbeki was replaced by Kgalema Motlanthe, who had been elected as ANC deputy president at the 2007 conference. Motlanthe is not the presidential candidate of the ANC for the next general elections, however: this is the current President of the ANC, Jacob Zuma.[6] The ANC's electoral list is led by Zuma, followed by Motlanthe, Deputy President of South Africa Baleka Mbete, finance minister Trevor Manuel and Winnie Mandela, former wife of Nelson Mandela.[7].
The recall of Mbeki, amongst other issues, created severe tensions and splits within the party, and eventually led to the formation of the Congress of the People, a new political party formed by former ANC members. Nevertheless, most pre-poll predictions gave the ANC between sixty and seventy per cent of the popular vote; even the lowest prediction, giving the ANC 47 per cent, still renders it comfortably South Africa's most favoured political party.[8]
On April 20, two days before the election, the party's National Working Committee convened in Johannesburg and subsequently promised that the elections would be at once free, fair and peaceful. It did, however, strongly censure the practice of micro-lending."