More news from South Africa.

S. Africa declares electricity emergency


In addition to driving up the price of Gold, the Energy Shortages in South Africa are actually causing Coal Mining operations to shut down, thus further driving up Energy prices.

EDIT: Here's a brief article on South Africa's involvement with a German Thin-Film (CIGS) manufacturer called JST.

Example: Ramifications of an Energy Shortage.

South African Mines Halt Production on Power Shortage - Bloomberg

AngloGold Ashanti Ltd., Gold Fields Ltd. and Anglo Platinum Ltd. shut their South African mines as the nation's power shortage worsened, threatening growth and investment in the continent's biggest economy.

"Power is like oxygen, it's essential for any half modern economy," said Goolam Ballim, chief economist of Standard Bank Group Ltd., Africa's biggest lender. "If you're shaving growth, then earnings generation, stock market potential and wealth creation is being eroded."


I see that right now Gold is at $921.20/oz, up $15.40.


Just goes to show, if you've got Energy, you can produce wealth. If you've got no Energy, you stop.