Wednesday, January 2, 2013

Illegal Gold Mining in South Africa Brings Hope | Reduction

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Illegal Gold Mining in South Africa Brings Hope

Illustration from a prospectus of the Brilliant Gold Mining Company, Charters Towers
Illustration from a prospectus of the Brilliant Gold Mining Company, Charters Towers by State Library of Queensland, Australia
License (according to Flickr): No known copyright restrictions
Excerpt:

Julius Mthembu's mud-spattered face lit up as he held a tin pan and pointed to the glimmering flecks of hope lying among sand and water: gold. The find meant the 48-year-old would eat that week. "It's difficult. I don't make a lot of money here," Mthembu said as beads of sweat stood out on his forehead. The Mozambican and his countryman Santos Viriato have been gathering dirt from the shuttered Durban Deep mine and sifting it for leftover gold for two months. South Africa, once the world's foremost gold producer, has been experiencing a labor upheaval in its critical mining sector, and Mthembu and Viriato are emblematic of both the troubles and the hope that persists, with not only gold but also platinum, chrome and other minerals remaining untapped. A violent six-week strike at a Lonmin PLC platinum mine northwest of Johannesburg ended Sept.

People:

Julius Mthembu

Overall Sentiment: -0.106168

Relevance: 0.954261

SentimentQuote
0"It's difficult. I don't make a lot of money here," Mthembu said ...
Sentiment Stats:
  • Number of Quotes: 1
  • Aggregate Sentiment: 0
  • Mean: 0
  • Standard Deviation: 1.4142135623731

Santos Viriato

Overall Sentiment: -0.0709818

Relevance: 0.768358

SentimentQuote
0.0729552"We want money and we have no choice," Viriato said. ...
Sentiment Stats:
  • Number of Quotes: 1
  • Aggregate Sentiment: 0.0729552
  • Mean: 0.0729552
  • Standard Deviation: 1.4142135623731

Peter Major

Overall Sentiment: -0.0105171

Relevance: 0.625791

SentimentQuote
0.1024"There are 6,000 abandoned mines in the country and I think the majority of them still have ore that would be economical (to extract) at today's prices," said Peter Major, ...
0"There are 6,000 abandoned mines in the country and I think the majority of them still have ore that would be economical (to extract) at today's prices," said Peter Major, a mining expert at Cadiz, a financial services group. "The problem is getting the capital to reopen them."
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: 0.1024
  • Mean: 0.0512
  • Standard Deviation: 1.7320508075689

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

FieldTerminology: PLC

Overall Sentiment: -0.344409

Relevance: 0.436812

City: Johannesburg

Overall Sentiment: 0.0330508

Relevance: 0.902831

Country: South Africa

Overall Sentiment: -0.158125

Relevance: 0.687092

GeographicFeature: muddy creek

Overall Sentiment: -0.1702

Relevance: 0.471446

Company: Lonmin

Overall Sentiment: -0.4181

Relevance: 0.649241

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