Beiträge von Eldorado

Eskom can't cope, says expert

An energy expert has warned that the constant power outages in the Western Cape and Gauteng will only get worse. Cape Town - The country's electricity has been exhausted.
An expert warned on Monday that the demand for electricity is far higher than Eskom's capacity to provide it.

Cape engineer Andrew Kenny who specialises in energy told FIN24's sister publication Die Burger that the constant power outages in the Western Cape and Gauteng would only get worse in future.

The country's existing power stations could not cope with the demand for electricity. It was also much too late to solve this problem in the immediate future.

"The country's electrical resources are now being completely overloaded. More power stations are urgently needed. The dilemma, however, is the time needed to build stations like these. It could take up to eight years to build and commission only one power station," said Kenny.

He said the whole electricity debacle was not surprising. The country's economy was growing faster than its capacity to provide electricity.

The electricity supply was supposed to increase by 1.8% if the economy grew by 5%. This was not happening, because there were insufficient power stations such as Koeberg to meet the demand.

Gas turbines were not a long-term solution as they were too costly to run. These turbines, such as those to be built at Atlantis and Mossel Bay, would alleviate the problem in the short term. Turbines such as these generate 500 kW (kilowatts) of power per unit and could bring relief in the morning and evening peaks.

"South Africa now needs baseline power stations which could supply electricity to the country for 24 hours a day," said Kenny.

He added that the problem of power outages would become increasingly worse countrywide.

On Monday, DA spokesperson on mineral and energy affairs Adv Hendrik Schmidt accused Eskom of poor management and under-expenditure on the necessary infrastructure.

People in the Cape who had suffered losses due to power outages could institute claims against Eskom.

Eskom spokesperson Trish da Silva said people and enterprises that had been affected, could institute claims against the power giant or claim from their insurers if they had short-term insurance.

"The respective insurers will in turn claim from Eskom," Da Silva said.

Spokesperson for Koeberg power station Carin de Villiers said the station's emergency plan and alarm system would be tested on Tuesday between 10:00 and 12:00.

The areas affected include Atlantis, Duynefontein, Melkbosstrand, Van Riebeeckstrand, Philadelphia, Bloubergstrand, parts of Table View and the farms around the power station.

Excellon Announces Start of Underground Drilling and Initiation of
Resource Update

Monday November 28, 4:35 pm ET

The Platosa Mine began production from the test mining of its 63,400 tonnes indicated resource grading 75 oz/tonne Silver, 12% Zinc and 15% Lead in June, 2005. Production has been ramping up over the last 5 months with more than 16,000 tonnes produced and shipped to the Penoles Naica milling operation to date. Ore is crushed on site, independently sampled by SGS Mineral Services, and sold F.O.B. the mine site to the Naica Mine Division of Industrias Penoles, the world's largest silver producer. Excellon receives payments for the ore shipped every two weeks based on a formula that incorporates tonnage shipped, contained metals, and the transportation, milling and smelting costs.

The target production rate of 6,000 tonnes/month is expected to be achieved by January, 2006,

http://biz.yahoo.com/bw/051128/20051128005862.html?.

Wer mit seinen Wagen durch Bayern fahren will falls er es schafft bei den Schneechaos sollte dieses Nummerschild nicht benutzen wenn er mit den 500der kommt.

Emoba, you're welcome, if you bought the Scorpio than you got it for a 55 % Discount I bought the fucker.

More happy hunting and bottom fishing.

Ther are nice frogs out there too.

Just take a pick. ;)...nochmal.

Gold is only $4 short of $500 and the Dow is not far below 11,000.

No one seems either jubilant or alarmed. Instead, a sort of stupid
numbness has settled over investors. All the news, no matter what it is,
reassures them.

This attitude of reckless complacency must be a product of the Great
Moderation. The Fed has proven that it can control the business cycle,
says Fortune. Over the past 20 years, crises have come and crises have
gone. Each crisis deftly managed by the Fed and none disturbed the
underlying tranquility of the world's financial system...or shook
investors' faith in the people who run it.

Of course, the confidence is not limited to investors. Ordinary
householders are now leveraging themselves as if they were Jesse
Livermores; they are sure that nothing bad will happen.

"Holiday shopping +22% over weekend," reports the FT. So far this holiday
season, people are spending nearly a quarter more than they did last. What
is remarkable about this is that it seems so out of place next to the
other news items in the paper. Elsewhere, we discover that household
earnings are falling for the second year in a row (not news to us) and
that average hourly wages are no higher in 2005 than they were in 1973
(again, not news to us).

How can people who earn less spend more? Of course, that is merely a rhetorical question; we already know the answer.
They do it by going
further into debt. They are confident to a fault - unflappable,
immoveable, almost as if they were dead. While obvious, the fact of it
bothers almost no one - your editors excepted. The rest of the world
believes, as Fortune put it: "It is the sheer free-market vibrancy of the
U.S. economy that will probably be its greatest strength in the decades to
come."

But it is our sad lot in life to remind readers that things do go wrong
from time to time, free market vibrancy or not.

If the last 10 years have been a period of "Great Moderation," the 10
years of the late '60s and early '70s must have been a time of "Great
Extremism."

There was a, "Stampede out of paper money," reported Roger Eglin in The
Observer, on the March 17, 1968. "Spurred on by greed, fear, hysteria and
ignorance, European civilization's seams were creaking.The French threw
their urbanity out of the window and punched and fought like animals to
get gold. Men in Throgmorton Street and around the City (London's
equivalent to Wall Street) were desperately worried."

They had good reason to be worried; the world's financial system seemed to
be breaking down. Merchants were reluctant to take dollars; international
exchanges were blocked. Travelers were stranded without cash.

"Even having the money with you can still bring problems," Eglin
explained. "People are getting frightened by the sight of foreign
currency. The Hilton hotels in Rotterdam and Amsterdam are not changing
foreign currency for guests, although they will take it for
bills...'People are no longer prepared to hold money,'" Eglin quoted a
broker, "It's an expensive process holding gold, but it's a better
short-term holding."

"No one wants to tough paper - especially anyone else's - unless he is
forced to do so. The confidence that props up the international money
system is being eroded. Once this starts it could spread like wildfire."

He was referring to non-Americans. Holding gold in the United States was
still against the law.

"The mighty dollar," Eglin continued, "once the lingua franca of world
money, has caught the plague. Dutch bank managers for 10 days have been
telling their clients to get out of dollars and into guilders or marks.
One London merchant bank ditched its dollars for marks earlier last
week.Panic is even creeping in. Last week a London hotel would not take
payment from a party of Americans in dollars or Swiss francs."

The years of the Eisenhower administration were calm. Readers will wonder
what happened to cause such a landslide in confidence. Was not America on
top of the world in the Johnson Administration, just as it is in the time
of Bush? Had we no central bank with a genius at its head? Did not the
U.S. economy vibrate then...as now?

Again, we only ask the questions because we like the sound of them.

Then, as now, the United States was increasing spending at a breathtaking
rate. The war du jour back then was in the jungle, not the desert, but the
landscape of domestic spending was almost exactly the same as it is today.
If anything, the dollar should have been stronger then, than it is now. At
least in the 1960s, voters, householders, and legislators still felt they
should pay their bills. Lyndon Johnson proposed a 10% tax increase to try
to bridge the gap between outflow and income. It was rejected by Wilbur
Mills, head of the House Ways and Means Committee. He wanted guns and
butter, too, but he knew the taxpayers wouldn't want to pay for them.

And so, the matter was thrown onto the international financial markets.
Especially in Europe, people still recalled how quickly things could get
out of control. In Germany, in the 1920s, the price for a beer rose before
it had been drunk. Inflation set off a "flucht in die sachwerte" - a rush
into material things - that was remembered even in the '60s.

The favorite material thing in such times is gold. Pressure on the gold
price forced the Nixon Administration to drop the last vestige of gold
backing for the dollar in 1971. Over the next nine years, the price of
the yellow metal rose 2,000 percent, and mortgage rates hit 18 percent.

Eventually, markets settled down. And now, after such a long stretch of
"moderation," extremism is underestimated, under-appreciated, and
under-priced. But does this mean that modern Americans will never flap
again? Again, another rhetorical question.

More news from our currency counselor.

So im nachhinein, ich habe heute erfahren das man in Simonstown den Marine Stuetzpunkt der Navy frueher 4 Admirale hatte, heute laufen 26 Neger Admirale rum es gibt fast kein Fussvolk das weiss wie man an der Schraube dreht. Wunderbar, das bringt den Rand noch auf 6 Rand zum Euro.
Das beste ist die meisten koennen gar nicht schwimmen und haben Angst vorm Wasser.

Hoffentlich lassen die den Nuklearreaktor der Strom liefert fuer Slaapstadt nicht ueberhitzen der keine 50 km weit weg ist.

Das wird eine der besten Fussball Weltmeisterschaft wenn das so weiter geht.

Wenn Kaffer das Land uebernehmen, nach der Schlagzeile, sorry Schlagloch muesste nun der Rand wieder staerker werden :D:

Gatvol = die Schnauze restlos voll haben.

Top stories

Passengers, airlines 'gatvol' at huge chaos

2005-11-29

The Airport Company of SA stands accused of shoddy maintenance at Cape Town International as "gatvol" passengers and airlines vent their fury. Johannesburg - The Civil Aviation Authority wants to know why, in spite of six daily inspections, damage to a main runway at Cape Town International Airport was not noticed in good time to prevent the weekend's massive air chaos.
Whatever the cause is of the "hole" in a Cape Town main runway, it will do little to appease the thousands of "tired, hungry and gatvol" passengers waiting at airports across South Africa since Sunday afternoon for flights to or from Cape Town.

The airlines, too, are baying for blood as they struggle to eliminate their huge backlogs of passengers.

It was revealed on Monday that scheduled maintenance was done on the runway as recently as Saturday night, and again early on Monday morning, hours after the runway was reopened to air traffic.

Experts said that the "hole" in the runway surface could have led to an aviation disaster and massive loss of life if a fully loaded 747 passenger jet had landed on it.

While airlines struggled to clear the backlogs after thousands of passengers countrywide were stranded because of airport problems, fingers were increasingly being pointed at the Airports Company of SA (Acsa) and the quality of maintenance in Cape Town.

No damage to 'suspect' plane

Malaysian Airlines also reacted angrily to rumours that its 747-400 caused a 5mx6m piece of asphalt to "lift up" on the runway.

The airline's district manager in Cape Town, Chan Cheong Eu, said that when Air Malaysia's flight landed at Buenos Aires, Argentina, after its flight from Cape Town there was "no damage to the plane".

He said if it were true that the tail of their jet caused the hole in the ground, "today's news would not have been so simple".

"In serious cases (where the tail hits the ground when taking off), the aircraft can break in two and cause total disaster," said Chan.

Asphalt that lifts up, as apparently happened on Sunday, is "dangerous".

An informed aviation source, specialising in cargo aircraft, commented: "The logical deduction is that the incident happened because of a lack of proper, sustained maintenance.

Would have yanked off undercarriage

"If the runway failed when a heavy (Boeing) 747 full of passengers landed on it, the consequences could have been fatal.

"It probably would have yanked off the plane's undercarriage, making it impossible to steer," he said.

Rodney James, marketing manager of budget airline 1time, said on Monday that such a hole "does not suddenly appear" and should have been "spotted during routine maintenance".

Comair's Gidon Novick said it was astonishing that Acsa's managing director Monhla Hlahla had made no comment about Sunday's events.

"We demand a clear explanation. At present, there are only vague stories. We want to know what happened."

CAA incident inspector Gilbert Thwala :Dsaid the CAA wanted to determine why the asphalt lifted.

'Not due to a lack of maintenance'

"The fact that it was not spotted earlier raises questions about maintenance at the airport," he said.

Acsa spokesperson Deidre Hendricks confirmed, meanwhile, that work was "recently" been done on the runway, but that it was "routine maintenance".

Hendricks said the runway was checked six times a day and the "defect was definitely not due to a lack of maintenance".

Acsa apparently are investigating the possibility that, besides environmental factors, the damage might have been the result of a "take-off, landing or jet-engine ignition" and the "stress this caused on the surface".

'Tired, hungry and fed-up'

Passenger Jac Jacobs said his group had to sleep at Johannesburg International on Sunday night.

"We have been stuck here since Sunday afternoon. Our flight was delayed several times without any reason or apology being offered," he said.

"We were promised time and again that we would take off soon, simply to be informed a little later that it was still not possible."

Most airlines hit by 'the hole'

Jacobs, who was waiting for a Nationwide flight to Cape Town along with 82 other people, said no one from Acsa, which runs South Africa's airports, or Nationwide tried to help the stranded passengers.

Nationwide was one of the airlines affected by the delays.

Jacobs said: "They just told us that we were unable to fly and that we should go home.

"That despite there being three small babies in the group. What alternatives were there at that time of the morning?"

'Out of our control'

Nationwide spokesperson Rodger Whittle said his airline couldn't be held responsible for the delayed flights.

"The situation was out of our control and that is why we didn't organise accommodation or food.

"We can't afford to compensate people for something that we didn't cause.

"Some" of our staff worked non-stop for more than 24 hours to keep passengers informed. Often the passengers' expectations are unrealistic."

Ebenso ein super Tag fuer Cristina bei 1.96 USD

Die sollen mal alle so abfahren wie Atna heute, leider nicht bei mir im Programm, macht nichts da sind andere die auch Freude bereitet haben im Depot. Alles zu schoen um wahr zu sein, man kann sowas nicht glauben, aber bis ende der woche wissen wir ob es mania war.

Gnight, I sleep well tonight.

What a day, guys ... +42.5% abgeschlossen bei 2.85

The week is not over , don't open the champagne yet.

;).... there is Sunshine again !

Und jetzt lade ich ab......just joking !

Nur nicht zu frueh freuen und den Tag vor den Abend loben meine Herren, es gibt immer Ueberraschungseier in dem Geschaeft.
Nur so nebenbei bemerkt, sehen ist glauben !
Ich schau z.Zt nur zu und mache gar nichts, es koennte ein Bulltrap kommen der auf uns lauert.

Sobald der Handelstop bei JCI und Range aufgehoben ist in JHB sollten die beiden ebenfalls stark eroeffnen.
Hoffentlich ist es bald so weit, ich verstehe immer noch nicht warum die den Handelstop noch haben.
Auf was wird da gewartet, auf den Verbleib der RR Aktien ???

Tambok, Nustar tut sich eben schwerer hochzukommen,was solls sie ist eben noch keine Domina.

del

Alex

Da ist einen boese zu der herrlichen Droppy

http://biz.yahoo.com/ms/051123/149604.html

DRDGold (Nasdaq. DROOY - News)

By Parvathy Krishnan, CFA

Mining gold in South Africa is a high-cost business that started more than a century ago. As more gold is mined, mines get deeper and costs generally rise. In addition, older technology and strong labor unions in South Africa also contribute significantly to the high costs prevalent in that country. Even by South African standards, DRDGold is saddled with relatively high cost and older mines. While recent efforts at operational improvements mean that DRDGold is less of a "cigar-butt investment" than before, we do not think the company is out of the woods. Even with all the improvements, we still expect the company's cash costs to be more than $300 per ounce, compared with the industry average of around $250 per ounce. For DRDGold to consistently turn a profit, gold must trade at prices comfortably above the firm's operating costs and relevant currency-exchange rates must cooperate. As a commodity producer, DRDGold has little influence over either of these factors because it is a price-taker in both the gold and the foreign-exchange markets.

Should gold prices fall precipitously in the next year or two, something that is not inconceivable, these companies will be among the first to suffer.

A STOMPIE ?... (Investment)

Goldesel das ist mir auch aufgefallen, ich warte da auf eine Korrektur und steige jetzt nicht ein, selbst wenn es zu spaet ist wie bei GMX.TO
Auf der Rakete ist Hpopth gut mitgeflogen, gratuliere dazu.
HW hat die vorgestellt, der muss sich auch die Haende reiben wenn er sie vorher gekauft hat.
Ich freue mich fuer Euch !
Mut soll belohnt werden !!

Shop til you drop !

Chuck Augustin has served commentary at The Hemingway
Table entitled, "Movies, Consumer Spending and Turkey."

"I am writing this on a Saturday morning and yesterday's
local and national news was filled with the normal
jubilation of shoppers on Black Friday. Yesterday was
when retailers historically have entered the "black"
for the year, while American consumers go further into the "red". "Up To 75% Off" the signs said luring shoppers
to spend Thursday night waiting in the cold for the
doors to open."

Der Silber Guru Jason ist wie der Mahendra, der macht seine Prophezeihungen meistens selbst, die anderen erfuellen sie fuer ihn, Tschonko.
Ich nehme den Jason auch nicht mehr voll und informiere mich nun selber und wie gesagt wir sind auch nicht bloed gute Aktien zu finden.
Die hier schon stehen sind schon sehr gute Titel die ich laengst gekauft habe.
Die Minvita hat Jason gekauft bzw wieder verkauft nach dem alle draufgehupft sind.

Lege zu den Produzenten noch die ECU.V , die ist auch stark im kommen.
Uber die mit der Frischmilch Kantine (TVI.V) habe ich genug geschrieben, die sind auch am schaufeln.