logo
Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Nearly a thousand gold miners trapped underground in South Africa

By cpowell
Created 2018-02-01 22:08

Central banks and bullion banks are working hard to keep them trapped.

* * *

By Allan Seccombe
Business Day, Johannesburg
Thursday, February 1, 2018

About 950 workers are trapped underground at Sibanye-Stillwater's Beatrix gold mine in the Free State, after an overnight power failure cause by a lightning strike.

Rescue efforts are under way, the Association of Mineworkers and Construction Union (AMCU) said this afternoon.

At least 40 workers had been brought back to the surface at the gold mine, with 950 miners still below ground at 3 Shaft at Beatrix, the union said.

... Dispatch continues below ...



ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore [1]

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland [2]

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com [3] or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com [4]



Sibanye said a power pylon had been knocked over during a storm Wednesday night, cutting power to 4 Shaft and the main Beatrix operations of 2 and 3 Shafts. Power had since been restored to 4 Shaft and people hauled to surface.

Power was restored to 2 Shaft and workers were hoisted to the surface there today.

Sibanye wanted 950 workers at 3 Shaft to wait there until the winder serving the shaft was back in working order, rather than have hundreds of people walking for four hours to 2 Shaft, company spokesperson James Wellsted said.

No one had been injured, he said, and the company was supplying food and water to the workers trapped underground at 3 Shaft by deploying a capsule down the shaft, he said. The professional rescue team was with the trapped miners, he said.

There was no immediate timeline of when the workers would be returned to surface, he said. ...

... For the remainder of the report:

https://www.businesslive.co.za/bd/companies/mining/2018-02-01-at-least-9... [5]

* * *

Join GATA here:

Mining Investment Asia
Monday-Wednesday, March 26-28, 2018
Marina Bay Sands, Singapore
https://www.mininginvestmentasia.com/ [6]

Mines and Money Asia
Tuesday-Friday, April 3-6, 2017
Hong Kong Convention and Exhibition Centre
https://asia.minesandmoney.com/ [7]

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [8]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [9]


Source URL:
http://www.gata.org/node/18018